Online earning possibilities are a saviour for those who want to do something solely on their own.Yes, the internet has impacted every dimension of human life and earning options are not an exception. In fact, internet and globalization have reduced the monopoly of certain judgemental groups in every field. Now, knowledge is available at just a click. Just like in the offline world, scams exist in the online world as well. You just have to make sure that you are moving in the right direction. You have to make sure that you have not fallen prey to one of the scams on the internet. This article focusses on one of the best online earning opportunity by spending just 3 hours a day.
Although there are several possible ways to earn money on the internet, however, you need to find the one that provides value to your efforts and time. To be precise, a good earning source is the one which can bring money even while you sleep. Such awesome earning source does need some efforts at the initial stage but when you get the expertise you find them even more interesting.
One such interesting and value providing online earning opportunity is stock market. Yes, this usually is not heard as an online earning source, but see it is. What makes stock market investment more interesting is that you can earn many folds if you learn the concepts and apply it patiently. Yes, investment in stock market is based on certain logics.
This article will show how you can earn from stock market just by spending 3 hours a day.
Let’s start by building some basics.
First thing first.
Stock market fears
If the stock market is so promising then why many people shirk from investing in the stock market? Answer is very simple because they have the same fears as their peers who are afraid of the stock market. So why their peers are afraid of the stock market? Because their peers were afraid and told them all the stories how the stock market can ruin their life. And this hierarchy goes on to infinity.
There are certain fears and myths regarding the stock market and FundsBase has already busted those stock market fears in a previous article. If you really want to earn from the stock market, you must read that article and come out of any fear that you have regarding the stock market.
Everyone earns from the stock market, you just need to have some patience.
Basic requirements for stock market
Now that you have removed all the fears regarding stock market and found your own personal reason to enter stock market, you need to know the tools that you need to have in stock market. Below is a check list of the basic things you need to have
- Pan card
- Aadhar card
- Bank account
- Trading + demat account
You can find these details in the basics requirements for investing in stock market.
In the stock market, you can’t earn without having some money. This is called risk-free money. A risk-free money should not be seen as the money which you may lose in the stock market. Instead, risk-free money is the money which, if away from your reach for some time doesn’t affect your financial condition. There is no minimum limit to start in the stock market. Yes! no minimum limit. You can start your experimentations in the stock market with any figure. You also need to understand the various charges you pay in the stock market.
Stock Market Analysis
Stock market is just like any other field. It has theories and practical scenarios. No theory gets 100% success rating while doing the practicals. There are some practical situations where even a well-established theory fails. Its just a part of every field and it has to be understood well and dealt maturely.
Theories in the stock market are divided into two categories viz.
- Fundamental Analysis
- Technical Analysis
This category of theories includes understanding a company thoroughly before investing the risk-free money.`This thorough understanding involves learning the profit/loss, balance sheet and several other parameters of the company. It is used by the long terms investors.
This category of theories do not include knowing anything about the company, instead, it is based on analysing the market sentiments. After several years of stock data was piled up and available to the public, some enthusiasts used it to derive buy/sell signals. Technical analysis is mostly used by traders or short-term investors.
It is required to understand at least one or both of these analyses to earn in the stock market.
FundsBase is also going to release articles on both these categories in near future.
Intraday and Delivery
In the stock market you can do two types of trades viz intraday and delivery.
In intraday, you buy and sell stocks the same day whereas in delivery you buy today and wait for at least two other working days before selling the same stocks. In intraday, the broker provides some margin (additional money to buy stocks) but you are bounded to sell the stocks the same day even if you are in loss or you can convert the intraday to delivery if you have sufficient money in your trading account.
Today’s article advocates using delivery mode.
Just 3 hours a day
In India Securities and Exchange Board of India (SEBI) regulates the stock market through its 20 departments. All the entities of stock market including the financial intermediaries are bounded to accept the bye-laws of SEBI. In case you ever need to file a complaint against any company or stock market scams you can lodge it to SCORES.
You also need to know that there are two leading stock exchanges in India viz NSE and BSE. Of these two, NSE is the most popular one due to various reasons. You can read NSE or BSE which is better or a more in-depth article why NSE is more popular than BSE for your reference.
After understanding one of the theories (technical analysis is recommended) you should invest your two hours every evening understanding the charts of some small-cap or mid-cap companies. Apply your knowledge then understand the trends and trend reversals. Select some few companies from them may-be ten or so. Write down your predictions for the next day. Then wait for the next day market to open.
See if the market is going as per your predictions. As a novice you should start finding opportunities only after 10:00 am. Before that institutional buy-sell activity can happen which can bring a drastic change in the stock fluctuation.
Do it everyday.
Then find just one hour may be 10:00 to 11:00 to place your order for the predicted results. Do your other work the rest of the day. If you have some time, make sure that you allocate some more time to study the market.
So, understand the trends for two hours in the evening and one hour next day for the order placing.
These three hours can change your life one day.
Always remember there is no one on this planet who had always made the profit in the stock market but your next profit can not only cover your current loss but also bring some more money. So don’t see yourself as a failure after your initial losses.
Start small then take a leap when pro.
Internet is a saviour of humanity. It has removed the monopoly and unnecessary hurdles (leading to procrastination) to learn anything new. It has impacted every aspect of human life and earning possibilities are not an exception. If you give just 3 hours dedicatedly for stock market you can remove lots of financial problems. All it needs to understand some theories and applying them patiently.