Even though the stock market is a place of uncertainty there are tried and tested strategies that will improve your odds of long-term success.

The first thing that any investor should determine their financial goals. This could include saving for retirement, buying a home, or funding your children’s education. This will help them decide on how much money to put in and what type of investments are best for their needs.

Prioritizing the creation of an emergency fund or paying off high-interest loans prior to putting your money into the market is also a smart idea. If you do have money to invest in the market, start small and gradually increase your investments as you gain more experience.

Keady explains that one www.marketanytime.com/how-world-marketing-can-benefit-your-investments of the most common mistakes made by beginners is to try to time the market. Keady says no one knows when the right time to invest.

If you’re just starting out it’s best to focus on stocks in firms that you are familiar with. As the legendary Fidelity Magellan fund manager Peter Lynch famously said that you have a higher chance of winning if you bet on companies that have a strong history and strong growth prospects than by trying to predict the future.

Avoid forums and advertisements that promote stocks that have a high likelihood of success. They’re often part of an alleged pump and dump scheme where unscrupulous individuals purchase buckets of shares of a shady company to drive prices up, and then sell their shares to gain their own gain.