Stock market investing is a great way to put your savings to work. If you are just beginning to invest in the stock market, there are some rules you need to follow, to keep your money safe. It’s very important not to get carried away and to take one step at the time. Stock market investing is not something you learn how to do in a couple of weeks – on the contrary; you need years of experience before you can say you are a real trader. When people start trading, they tend to make a series of common mistakes. This is a list of the most common mistakes that beginner traders do – so read it, in order to avoid doing the same mistakes.

1. Listen to your broker – most people, when they start investing in the stock market, feel like they know it all or they know things better than a broker who trades for a decade or two. Well, that’s not true and a lot of people lose their money because they choose to ignore the broker’s advices.
2. Go for long-term investing. Speculative stocks are delicate to manage and you need to be very skilled to make money with them. If you just started stock market investing, you need to put your money in safe stocks, in big companies or established investment funds.
3. Use your common sense. When investing in stock market, it’s unreasonable to expect to double your money in a month. So, any site, person, broker who is trying to convince you this is possible should be treated with mistrust.
4. Don’t bet all your money on one company or a single industry. To minimize your risks, you have to invest in different companies and in all industries.
5. Don’t neglect your portfolio. It’s a big mistake to buy stocks once in a while. This should be a regular activity – try to enrich your portfolio every month.
6. Don’t be impatient. Your investments in the stock market, if done properly, will pay off in a few years. You can’t expect to start making money right away.
7. Don’t panic. Sometimes, stocks do go down. But don’t start selling the minute this happens. Wait to see the actual course of the market, before deciding what to do.
8. Don’t listen to advices from people who got nothing to do with the stock market.  A single person is entitled to give you advices about the stock market, and that’s your broker. Your dentist, office co-worker, friend or boss might be great people, but they are not reliable sources of information about stock market investing.
9. Don’t hire a broker unless you have some good recommendation. Having a good broker is essential for the future of your stock market investing. So, ask for personal recommendation or at least check references on the Internet about the person/the company you intend to hire.
10. Don’t neglect the daily check of all stocks from your portfolio.