company name or brand recognised all over the world.Lastly shares go up, or down in price depending on your companies profits and performance. So if you are able to make your company perform you can crate unlimited wealth beyond your wildest dreams.
There are also a number of downsides with making your company public which must first be considered. The first is that your company will now be owned by shareholders who now have rights such as voting, selling of shares and the calling of meetings. If you under perform shareholder expectations they will of ten dump share causing the share price of your company to dive, so effectively you are now working to keep shareholders happy.
The other main disadvantage can be the media spotlight. Although this can also be an advantage as we discussed earlier, the media could look upon your company negatively which could cause shareholders to get rid of stock. To run a public company we would recommend that you don’t mind public speaking or being in the spotlight should you make a wrong move.
How to get started making money on the ASX
OK, well there is no definitive way to getting started in the stock market for beginners, however there are a few steps that can be taken to better the chance of a successful debut. First thing we recommend you do is familiarize yourself with the stock market, how the market works, how to pick winning stocks and the pitfalls to avoid. we say this over and over but still today one of the best ways of avoiding mistakes and creating wealth through stock market investing or trading is to read books. I mean come on it’s obvious isn’t it!? Knowledge is power and in this case knowledge will equal wealth. the people that have written these books for you to learn from have been where you are and have already made all the mistakes of the inexperienced investor. Why make the same mistakes that they did when you can avoid the expense altogether?
They have also learnt how to be profitable in the stock market by picking winning stock picks and by following winning proven trading systems. For more information on stock market books and to purchase in a secure environment go to our books page here. Stock Market Books
Once you have familiarized yourself with the stock market and how it works you are probably ready to start paper trading. This is simply just the practise of writing down stocks that you think will go up in value and watching the market without actually risking any of your hard earned money. Once you have paper traded for a few months and are confident enough it may be time to take that leap and start actually investing in shares on the Australian Stock Exchange.
The final step before investing is choosing a Stock Broker. There are literally hundreds of brokers out there to choose from with varying brokerage rates and option. We have used many stock market brokers in the past and if you are trading Australian shares you simply could not go past a broker called Minc Trading. They are a very professional stock broker with an excellent trading platform who offer free stock picks to members and are competitively priced.
To sign up with Minc Trading or to just check them out check out the resource box below.
For heaps more information on trading the Australian Stock Exchange check out the resource box below
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