How to sell shares in nz
How to get started trading the stock market
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hi guys in this video i'm going to be
remaking my video on how to get started
trading in the nbc
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but first can you even make money in the
nz share market you're probably thinking
that there's not many stocks in the nz
share market so why even bother trading
stocks in new zealand
so a few questions you might have on
your mind is can you even make money can
you even make a side income out of
trading in nz market is this a good
stepping stone into other market my
answer is
definitely 100 yes
and in this video you're gonna see the
different tools that you need to start
making an income today
so there's free platforms that you need
in order to get started so i'm not
talking about day trading in particular
but i'm talking about trading stocks on
a swing trading base so for you guys
that don't know swing trading is trading
stocks and you're holding them for
around about anywhere from like maybe a
few days to even a week and you make a
profit and then you get out of the stock
so swing trading is probably one of the
best ways that you can trade in the nz
share market i have personally day
traded in the nz share market and
there's not many opportunities where you
can actually trade on the same day i'm
not saying that it isn't possible but it
is much better to swing trade because
it's much slower and you have much more
time to make decisions on how you'd like
to trade a particular stock
so the first platform i want to talk
about is sharesies so sharesies is a
great place to start if you have an
account under
five thousand dollars because you can
start with even ten dollars five dollars
or even twenty dollars and you can start
to buy and sell stocks in the nz share
market so shares is basically you just
sign up to share these you know check 20
bucks in and start playing around with
stocks so basically you know start
buying and selling you know stocks like
main freight or
circo or sky city anything like that
just chuck 20 bucks in and maybe wait a
week analyze the stock see what happens
and see if you can make a gain out of it
so it's a good way to practice plus the
fees are probably the best for small
accounts using css unlike asb securities
or direct broking the the fees are
usually around about 30 to buy and then
30 to sell up to around about 10 or 15k
then after that they do like a certain
percentage which is like maybe about 0.2
or 0.3 percent of your position size so
the second thing i would suggest is the
nzx website so this website holds a lot
of information about stocks in new
zealand so it has announcements it has
top gainers of the day the the top
decliners of the day and also you can
find any sort of information you like on
new zealand stocks so this is a great
place if you are looking for stocks to
trade and usually trending hot stocks
are ones that are constantly show up on
the highest percentage of gamers of the
day or have an announcement out and
they've had a ten percent or like a five
percent increase on the day after that
announcement these are full stocks so
these stocks are what i call in player
so stock seller and play are gonna have
lots of volume behind it and this is the
best stocks to trade if you want to make
some really solid games
after going on to the nzx and sorting
your shares account what you want to do
is you want to have a good charting
platform so one of the best charting
platforms probably on earth is
tradingview so tradingview allows you to
do many things allows you to analyze
stock charts allows you to see even
newest stocks it allows you to see
people's ideas as well
it also allows you to scan for different
stocks depending on which parameters
that you'd want to put into your
screening software when i say about
parameters you can put it on highest
percentage gainers or you can put on the
declines of the day or the most volume
or stocks that are basically approaching
their 20 ema or their 50-day moving
average
so it's a very powerful tool
and you can sign up for free to trading
view
but if you sign up to the pro version
then you have a lot more tools that you
can play around with
so these are probably the free tools
that i would get started with trading in
the nz stock market
so don't go checking your 510k into
account and immediately start training
anything you see
what you want to be doing if i were you
starting out is i want to be using maybe
about 20 to 50
and i'll be going in and out of stocks
and learning the flow of the market and
what drive stocks are and how you can
manage risk so you don't have to
take large losses and basically just
getting that natural flow of buying and
selling usually i say around once you
have around 50 maybe to about 100 trays
under your belt then you become
confident on how you can get in and out
of stocks so this is the best way in
order to become a successful trader
because before you can become a
successful trader you need to have that
track record of successful trades
and you want to be able to document your
successful trades you want to be see
what is working for you and keep doing
that and if something isn't working for
me for you then you can either improve
it or you can just scratch it all
together so if you guys like this video
today please hit the like button below
subscribe to the channel as well i'm
going to be doing some great videos
going forward and if you haven't already
check out my website in the description
below so it's
solodaytrader.com so this is my website
and there's plenty of material on there
in the meantime i'll see you guys in the
next video
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you