If you have ever played the stock market, or even if you have never had anything to do with the stock market aside from hearing about it in the news, then you probably know that while it can be a great way for people to make a great living, it can also be a way for people to fail miserably and lose their entire life's savings in a matter of mere minutes.
That alone is what keeps many people from taking a chance on the stock market.
While there are unfortunate investors who have become penniless through the stock market, it is usually because they have made bad choices or become greedy and put everything on a risky stock that promised high yields and never delivered.
For every person who has failed, there are thousands of others who are making smart decisions and making it big.
The simplest tip to remember is not to be a follower.
While there may be some stocks that always seem to be failsafe, you don't want to blindly follow the pack.
Do some research of your own, check out all the stocks you can.
If you are making your own educated decisions about the stocks you invest in, not only do you have a better chance of success, but you will be more confident in what you are doing and the choices you make.
Another tip is to be able to take risks.
Not just any risks though, you must think them through first.
While a risky stock can be a great way to make a fabulous return, you never want to put everything on that stock.
Invest a small portion, if you lose, you aren't losing everything, and if you win, then you have profit.