Free way to invest in the stock market as a beginner in Nigeria for 2021

Free way to invest in the stock market as a beginner in Nigeria for 2021

People are indeed looking for ways to invest into the stock market than ever before, to invest in the stock market as a beginner in the past is not practical, technology has helped bridge the gaps, you and i can make from that billion shares the big guys are making.

What is stock

Stocks are essentially just a piece of the company that you own, what does that mean, it means when you buy stocks from a company own a part of it. You can be invested in the company’s meeting and others that.

A perfect example is buying a part of Amazon, Dangote or Apple companies, the most interesting part is that you can start with a very low amount

The game has changed, in the past, only the big institutions could trade but now individual investors can have a cut from the markets.

What is stock market

In a very simple sentence, the stock market is where stock is traded, in the markets different companies you know come to buy for your money to take part in their company’s affairs, now before that can happens it boils down to how much you were able to invest. In a nutshell, a stock market is a marketplace where stocks are traded.

Strategies of investing

There are several strategies of investing Namely;

  • Technical Analysis
  • Fundamental Analysis
  • Passive funds
  • Behavioural Analysis

The best strategy to follow is the fundamental analysis, this is used all over the world. The fundamental analysis allows the investor to place a long term investment. The method work by buying lower than the expected market price. With this technique, an investor does not need to seat at every hour to read stock charts.

How to buy stocks from the market

There are so many different companies out there, we are focusing on some of the apps that you can you but stocks from, we are quite numbers of them but we are mentioning just six (6) here.

  1. Charles Schwab
  2. Vanguard
  3. Hood app
  4. M1 finance
  5. Weibo
  6. Trove

Invest in the stock market as a beginner in Nigeria

Beginners in Nigeria who are interested in investing in the stock market, Trove is an app in Nigeria, focused on stocks alone. It is beginner-friendly, you can try then out if you want.

Downloading the Trove app

The Trove app is available on Android and iOS and account can be created using the web option.

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