How can I become a stock trader after passing 12th class?
If you want to become a trader, there is a no specific course.

Actually trading is a skill.You can’t learn it by reading a book or by doing a course. If you want to become a trader, you have to acquire knowledge about share Market. When you are done with the basics of market, you can move to the technical analysis.

Now the real learning starts from here.

Market is the real teacher, When you trade on a daily basis, you will gain more and more experience. With the help of this experience, you can get to know more about the market. With the help of consistency and daily practice you will definitely become a trader.

Your knowledge of the stock market is important, but psychology is most important when you are trading. Knowledge will help you to become a trader but psychology or perfect mind set will help to become profitable trader.

Some Great Ways to Learn Stock Trading as a Beginner-

For beginners who want to learn how to trade stocks, here are ten great answers to the simple question, “How do I get started?”.

1. Open a stock broker account-

Find a good online stock broker and open an account. Become familiarized with the layout and to take advantage of the free trading tools and research offered to clients only. Some brokers offer virtual trading which is beneficial because you can practice trading stocks with fake money (see #9 below).

2. Read books-

Books provide a wealth of information and are inexpensive compared to the costs of classes, seminars, and educational DVDs sold across the web. See my list of 20 great stock trading books to get started.

3. Find a mentor or a friend to learn with-

A mentor could be a family member, a friend, a coworker, a past or current professor, or any individual that has a fundamental understanding of the stock market. A good mentor is willing to answer questions, provide help, recommend useful resources, and keep spirits up when the market gets tough. All successful investors of the past and present have had mentors during their early days.

Despite being “old school,” online forums are still used today and they can be a great place to get questions answered. Just be careful of who you listen to. The vast majority of participants are not professional traders, let alone profitable traders. Heed advice from forums with a heavy dose of salt and do not, under any circumstance, follow trade recommendations.

4.Learn basics about the stock market-

The stock market functions on the basis of supply and demand. So, before getting engaged in any trade, you must learn about all the basics of the stock market.Keeping a track on financial news, listening to podcasts and taking up a course on investing are all excellent ways to become an efficient trader.

Practice with an online simulator on the stock market. Online stock trading simulators are a great way to learn online trading in a safe and efficient manner.Since it is a simulator, the losses you make would have no impact on you, hence you can learn the trade without any fear.

5.Make an investment plan-

To set a financial goal based on your risk appetite is very important to think through your investment strategies.Then make an advance decision on how much you are willing to invest in a particular company and set limits on the amount of loss you are willing to bear.If you adapt to all above mention points, online trading on stocks will be an easy and profitable task for you.The practice is the key to successful online trading.

6.How much money can be made by trading?

There is no limit to the amount of money you can make by trading stocks.

We are talking about the Indian stock market. It is one of the highest liquidity markets where people can earn any amount of money, but remember that people can lose too.It all depends on who is trading. If you have no stock trading experience, it is highly likely that you will lose money – if you are not careful.

But if you are a skilled trader, it is even possible to make ₹1 lakh per day with ₹1 crore of investment, i.e. 1%.

7.Art of trading-

Trading in the stock market can be very complicated and unpredictable in nature.People talk about making and losing money in the share market all the time.Trading in the stock market requires a fundamental knowledge of all the factors that can influence the demand and supply of financial product in the market.Given below are some trading tips that can help you cut your losses by investing in stocks in a more efficient way.

8.Stop loss process-

Stop loss is a trading process that allows you to cut on your losses while trading in the stock market.When you put a stop loss criterion at a certain price of your stock, it is automatically sold when the price falls below the stop loss price level.

For example,

If you have bought shares of a company X at ₹300 and you have put a stop loss order at ₹260. So, if the price falls to ₹260, your shares will be sold automatically, thereby reducing your loss to just ₹40.

9.Thorough background research-

You must thoroughly do research of the company you choose to trade in, to make a successful investment decision.Background research involves checking the company’s past balance sheets and income statements, short-term and long-term earnings of the company, and its past performance in terms of profit.

It will help you to determine the future growth potential of the company and whether you will be able to get a regular dividend from shares of this company you have chosen.

10.Regularly monitor your investments-

One of the most important tips require to be successful in the stock market is to monitor your investments or portfolio on a regular basis.Monitoring your portfolio on a regular basis helps you to sell your stocks immediately if you think they are going to fall below a particular price in the future.

Apart from this, you can also earn a huge amount of profits by selling your stocks at the time when they are at their peak price.

11.Requires patience-

Patience is key to any investment, be it a risk or non-risky investments.Investors of stock market lose out on great opportunities when they sell their stocks too early.If the price goes slightly higher, they sell the stocks and book whatever profits they get even when they could have made so much more had they waited a little longer.So, you should be patient enough and wait for the perfect time before making an investment decision. You should sell your stocks only after analyzing the market trend.

If you are sure that the market will not rise higher any further, then only you should go ahead with your decision to sell your stocks.

12.Avoid herd mentality-

One of the most gruesome mistakes one can commit in the stock market is to trade just because everyone else is trading.As an investor/trader, you have to understand that your financial goals are in no way similar to any other person.What others might think is a perfect investment for them can turn out to be the worst investment for you, in accordance with your financial goals and risk appetite.So, you should make your own decisions after carefully analyzing your financial condition and determining what you stand to gain and lose by trading in particular stock.

If you are passionate enough about trading in the stock market, you should consider following these trading tips as it will help you to build wealth without losing much money.