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Earning a fortune through stock market is an enticing opportunity but one that can be somewhat tricky. It requires abundance of patience, a fair amount of knowledge of the stock market and obviously surplus money on hand to invest safely in the market.

The first step is to pay off any debt. If you have credit card debt, you'll almost never get a return that is close to what you are being charged.A separate account is useful to invest in stocks, which is usually a Demat account and Trading account.Demat shows the number of shares you hold and the Trading account reflects the buying and selling that has taken place in your account. There are two investment options available; one is stock mutual fund and the other is individual stock funds. The upside of stock mutual funds is that they are inherently diversified, which lessens the risk. But they’re unlikely to rise in meteoric fashion as some individual stocks might. The upside of individual stocks is that a wise pick can pay off handsomely, but the odds that any individual stock will make you rich are exceedingly slim. . Another point to be kept in mind is that herd mentality should be avoided. A potential buyer’s decision is heavily influenced by the friends and acquaintances around them which in the long run tends to backfire. Warren Buffet, the world’s greatest investor was absolutely right when he said, "Be fearful when others are greedy, and be greedy when others are fearful!" It is crucial is to set a budget to start investing in stocks. The amount of money you need to buy an individual stock depends on how expensive the shares are. Share prices can range from few hundred rupees to thousands.

It's important to always make sound judgment when it comes to buying and selling stocks. Keep your emotions aside for a moment. Don't get too connected to the company you've bought stocks in. This includes getting defensive when anyone tries to point out something alarming about your investment. Although you shouldn't take everyone's advice, make sure you keep your ears and eyes open and think objectively. The volatility of the stock market ensues a lot of panic moments which can cause loss of money despite the period of bull runs. One must keep in mind that there is no such thing as ‘timing’ the market. There can be predictions and analysis but the markets do not follow a trend that a common investor can comprehend. Studying the trend of the company is important and its foundation along with its performance on the market even when there was a down trend. To invest in the shares of any company, the performance should be consistent or the slide should be lesser than most of the other companies.

Stock Market is an investment avenue like any other which requires a cautious approach. One must be prepared to face some sort of loss and take on risks. Hence, it is prudent to have patience and follow a disciplined investment approach besides keeping a long-term broad picture in mind.