As an investor, you would be worried about the fearful day of the week Monday as this day would judge the performance of your stocks in the days to come. But, some people think that the first day of the workweek is the best day to buy stocks and this effect is called the Monday Effect. Every Monday is the best chance to start a new life, so grab this chance and indulge in your trading!
Trading is a probability game and if you are a beginner to the stock market it’s recommended to perform virtual trading provided by Goodwill. This will offer you a similar trading experience and you wouldn’t have to trade real money while practicing. Goodwill has been a renowned trustworthy brokerage firm in India since 2008 and has been offering trading advice to its valuable investors.
There are certain factors that you should consider before the market bell rings as these cannot be reviewed instantly at the hour of trade. The factors that have to be taken into consideration are:
- GET UPDATED BY LATEST MARKET NEWS:
As an investor, you should be aware of the latest trends occurring in the national and international markets. If you are well-known about the market trends, you will be able to choose the best-performing stocks in the market which in turn will offer you better returns for your investment. To make your trade efficient in the share market, seek expert guidance from Goodwill today!
- KNOW THE KEY RESISTANCE LEVEL:
It’s known that the stock market has the probability to shift its stock value anytime. Therefore, as an investor, you should monitor the price action of your stock regularly because this will help you to understand the situation of each sector with respect to its price. Learning the resistance level of major indices will help you to minimize the loss of your stock.
- KNOW THE DELIVERY PERCENTAGE OF STOCKS:
If you are an investor with relevant trading knowledge, you would definitely prefer stocks that have a higher delivery percentage because most of the investors would show interest in these stocks. Conduct technical and fundamental analysis of these stocks which have long term investment value. Get assistance from Goodwill to conduct an expert analysis on long term stocks.
- UNDERSTAND THE MARKET SHIFTS:
The most important factor which an investor should consider is the movement in the currency and commodity market. The economic equilibrium depends on the value of the national currency in foreign national similarly the commodity market posses strong relation in the stock market. The movement in the commodity market will help you to forecast whether the stock market will take a hit or bounce back in the current events.
- LOOK OUT FOR MAJOR DEVELOPMENTS:
Since you are an investor, you should stay tuned about the major developments that happen in your portfolio. These major developments can be performance reports of the company, scientific developments and other breakthroughs. Get expert support from Goodwill as they help you stay updated about the major development of your portfolio.
BE PREPARED BEFORE THE BELL RINGS:
Plan your strategies and choose the best stocks to buy on the week start as buying the stocks will benefit you more than selling them. On the day start the market might have some shifts but focus on your stock performance. Always seek guidance from the experts in the market as they can guide you with trading tips. So are you ready for Monday’s stock market action? Then, gear up and start doing your homework now!
If you are new to the stock market and seek guidance to choose the best stocks in the market, then it’s recommended to get help from Goodwill. Goodwill has been acknowledged as a trustworthy brokerage firm in India and offers the lowest brokerage fee in the market. Stay tuned to Goodwill Facebook Page and get instant live updates on your stocks.
Start your trade with Goodwill Wealth Management for a victorious trade journey. Contact today on +91 80122 78000 to trade your stocks smartly and efficiently.