How to Get into Stock Market Trading in Nepal | Beginners Guide

While becoming a trader might be an easy deal, staying in it isn't! Stock markets today have grown to become an incredibly profitable venture. To get started, all you have to do is sign up with an established broker and get yourself a laptop with a good internet connection. This setup phase is a cakewalk with barely any complication. The difficulties start to set in when trades begin to happen. Things like market volatility, economy fluctuations and trade risks get in the way of you and profit. 

To reach levels where profit comes consistently will take a lot of practice and experience! Several stock traders face a hard time in their climb to the top. Though thousands of traders enter trade markets, very few manage to see success. Once you get a good grip over the basics, you can start making rapid growth!

Experts Advice for Stock Market Trading in Nepal

Here are 5 essential steps to becoming a successful stock trader:
 

1) Learn to Take Losses: As a beginner, it is natural to make losses in some trades. A field like a share trading, that has the potential to be immensely rewarding, isn't going to go easy on you! Several factors exist on small and big scales that can affect the stock markets in Nepal. As a beginner, protect your trades with risk management techniques but also learn to take losses. Losses can't be avoided, and the best approach to deal with them is to minimize their occurrence! 

Make mistakes, learn from them, and evolve. After all, without losing money, how is its value known?
 

2) Learn the Basics: Internet is a bigger boon to us than we will ever realize! With information to almost anything online, all you need to do is a search for it, which once again, is just a few clicks. Share trading basics can be found across several blogs and videos. The first requirement to become successful at equities is to know how the various stocks function in different market conditions. From using trading platforms to devising strategies and employing them - educate yourself on the basics before advancing. 

Several Forex brokers in Nepal provide demo platforms to practice with virtual money, and this feature can prove amply helpful to beginners.
 

3) Start off Slow: Moving slowly but surely, are times better than moving swift with no guarantee of safety. The drive for money is an obvious and necessary motivator; however, when this desire exceeds healthy amounts, it can become catastrophic. When you are a novice, invest in smaller amounts. Stock markets & Forex trading in Nepal can subject you to high levels of volatility, and this makes the trading environment extremely erratic. To thrive in such a field as a beginner won't be easy. Starting off, your goal should be to minimize losses, not maximize profits. 

Start off with small investments, but ones that have a high chance of yielding well. Doing so keeps you safe from market changes and helps avoid losses!
 

4) Practice Money-management: Without getting good returns, you won't be able to reinvest; and without managing your initial investments, you can't get good returns. Money-management skills are a requisite if you want to leave a lasting mark on the stock markets in Nepal. While a strong understanding of strategizing and implementing is required, it is no good if you can't handle your investments properly. The profits you earn from multiple good trades can be wiped out by a single bad one! 

Several stock investors have a hard time wrapping their mind around stock volatility and end up losing in plenty. Study stocks and their value across different environments; similarly, learn how to invest, what to invest in, and what not to invest in!
 

5) Observe Professionals, Don't Mimic: Treading down the same path as professionals might sound like the easy way to the top, but it is sure to backfire. There is a fine line of difference between observing professionals, and blatantly copying their methods. As experienced traders, they have a clearer view of markets and know how to function in various situations. With good observation, you can learn how different stocks function, which ones are the most lucrative in each season, and how to invest right. Copying their moves, however, is bound to put you in a sticky spot. 

Professional traders have sophisticated techniques, or methods that as a novice, you don't know yet. While certain trade steps work out for professionals, there is no guarantee the same has to work for you.
 

Equipping yourself with ample knowledge and a reliable stock broker in Nepal will help ascend to the top faster. To succeed in the highly competitive field of stocks, you will have to be adept in your approach. Sign up with WesternFX today, and dominate the share trading game! Assisted by our experts, you can avail the best of facilities, from trading platform to strategies. Call us now and ace the stock market in Nepal!

Expert’s Top 5 Tips for Beginners to Make Better Forex Trading

The secret to becoming successful isn't one of huge mystery, with a systematic approach; every novice can climb to the top gradually. Foreign exchange boasts an environment of consistent analysis and is a field that requires thorough research. In a trade market like Forex, discipline and resilience are the governing factors to achieving success! 

There will be many who claim they know the shortcut to become a successful trader; but in reality, growing into a professional is a slow process. Over multiple bad trades and losses, you will learn how to avoid them and direct your approach towards maximizing profitable outcomes.
 

While plotting a strong trading plan and entering/exiting a market at right points are important, there are some basic steps to take as a trader that will benefit you and the trades you make! 

Here are 5 immensely useful tips to better your trading approach:
 

Beginners Tips for Forex Trading in Nepal

1) Educate Yourself: Forex is an incredibly vast field, with one too many aspects to grasp. Agreed that starting off, the amount of learning required can be mammoth, over time it becomes a habit. With a number of influencing factors affecting price movements in Forex trading, it is important that as a trader, you have a comprehensive understanding of these. Spend ample time researching about currency trading, and the various sub-categories it houses. When you are well-learned, having a productive trade is inevitable. 

Choosing the best currency pairs, having the perfect trade points, preemptive loss-management, and various such aspects will become a part of your routine.
 

2) Maintain Notes: Seldom followed by traders, but remarkably effective, keeping a track of your trades can be the key to becoming successful in the long run. As a Forex trader, you will partake in various trades, with a number of different strategies and approaches followed. Each of these trades will yield a different outcome. Now with these numbers on the table, you will be able to form a detailed trading graph. Trades can result in one of three outcomes - profit, loss, or breakeven. While some of your trades might reel in big profits, some might crumble into a disappointing loss.

When you learn to maintain a track of these trades, how they came to be, and if they could get better, you evolve as a trader. A systematic approach will carry you miles ahead!
 

3) Follow A Routine: What sustains a person is a steady routine. Be it eating timely meals, or working out regularly - a regular set of activities are important to keep one in check. The same concept applies to online share trading. Obeying a pattern while trading can help ensure lucrative outcomes. A field of immense volatility, it is impossible to predict what will happen in a currency trading. With chaos governing a majority of foreign exchange, having an equally chaotic approach will worsen your market experience! By sticking to a routine, you avoid having to deal with the mess. This routine can be a personal one or one that pertains to trades. 

From waking up to eating at fixed times, trading on known timeframes to picking specific currency pairs, follow a routine you are comfortable with.
 

4) Play It Safe With Leverage: A huge motivation for people to start trading currencies, leverage can be a sharp double-edged sword! In order to trade positions of higher value, brokers equip traders with leverage, which is essentially borrowed money. So with 50:1 leverage, you can trade $50,000 with an investment of $1000. The problem, however, is when you lose 50:1; you lose $50,000, not just your initial capital of $1000! Several traders are misguided that investing big amounts will help bring in big profits. This leads to many players leveraging grandly, only to end up losing it all. 

Forex trading in Nepal is a very lucrative market, but one that sees immense volatility; hence it is advised to invest small initially!
 

5) Allocate Risk Capital: Since losses can't be avoided in Forex trading, being prepared to lose is the best approach! As an adept trader, dedicate a portion of your capital for loss, irrespective of whether you lose it or not. Even when equipped with a strong strategy, there are always high chances for a trade to turn uncertain. By dedicating a part of your investments as risk capital, you can mentally prepare yourself for potential losses, and stay braced when it is incurred.
 

Success in any venture is only obtained as a result of continuous work. Forex trading especially isn't a field that is quick to reward; with its various hurdles along the way, you will have to stay persistent to win! With the right brokerage to guide you, the journey to victory, as arduous as it is, will be plenty enjoyable and lucrative! Call WesternFX today, and avail our excellent FX solutions. From platforms to strategies, we will assist you 24x7, to ensure you become successful at Forex trading in Nepal in no time.