.Stock investing is not as difficult as most people think. There are many ways of stock trading that beginners can try, for example, online trading via personal smartphones. Plus, the abundance of information available can also prepare you while studying market patterns and conditions. It's never too late to start trading stocks. So, what do you need to do when and before starting? Check out the following information so you don't take a wrong step when trading stocks! Determine the Right Stock Index There are 22 types of stock index listed on the Indonesia Stock Exchange (IDX). Get to know the types of stock players commonly use. For example, you can choose LQ45 or IDX30, both of which have high liquidity and are supported by a trusted quality company. LQ45 itself is a stock market index on the Indonesian stock exchange which consists of 45 companies. Meanwhile, IDX30 is the 30 stocks with the highest liquidity.
Choose the appropriate securities When buying stock, you will be using an intermediary securities company or stock broker, which requires a fee for each transaction. Choose a security that offers a lower percentage fee, for example 0.20% of the share purchased. This is so that profits are more optimal and to ensure a more perfect way of trading your shares. Plan the Stock Trading Period There are two ways of trading stocks based on their period, long and short term. In the short term, the risk of loss is indeed greater, but there is a chance that profits can be obtained faster. Conversely, there is a chance that a greater profit can be obtained when trading stocks in the long term. If the stock has a good reputation and fundamentals and performance
Do it with Patience All methods of stock trading will not be effective without patience. As a beginner, you are advised to use a small amount of capital and increase the amount as your understanding grows. Likewise, when facing losses, face it with a clear mind and average down by buying stocks whose value is falling. It could be that you even experience profits when market conditions have stabilized again.