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Best Source for Stock Market News | How beginners can read business newspaper? | Harsh Goela - YouTube
Channel: Goela School of Finance LLP
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Newspaper!
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Specifically a Business Newspaper!
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You might think about its requirement
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in this modern world. But it is necessary!
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Or you had tried to read it
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but you can't understand it. Well that try
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was your last as now, you
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will understand everything. In this video,
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I will tell you, why read Business Newspaper?
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more importantly, how to read it?
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without any delay, let's start!
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Hi Guys! My name is Harsh Goela.
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Today, I will tell you
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How to read
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Business Newspapers.
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Firstly, Let's start with the most
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frequently asked questions.
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Which newspaper is the best?
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Personally speaking, no newspaper is useless
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or very good. All are equally good.
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If you want to know my personal preference,
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I read The Economic Times,
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The Mint, The Business Standard and
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The Business line. Alright!
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So, I prefer these newspapers & reading them
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for ages. So, I recommend them.
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Do I read the newspaper daily?
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Why can't I just see the news on mobile?
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Well to be honest, in this modern world
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you don't need a newspaper.
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as everything is accessible through mobile.
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Personally speaking, Until I
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*smells the newspaper*
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smell the ink and the newspaper
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I don't get the proper feel. Secondly,
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Why do I recommend you to read a newspaper?
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because when you use a mobile phone,
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you will be getting notifications of emails,
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Whatsapp, you are always switching.
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But for the newspaper, those 15-20 minutes
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will be utilized in your reading & observation
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& it's beautiful. So, Newspaper for me
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is a must. Now let's talk about
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Why is it important to read the newspaper?
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Why am I pushing you for this?
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As 1st point is for credible news.
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From where do we collect the news these days?
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From social media, might be Instagram reels,
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youtube videos & many people only see thumbnails,
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& from that, they think they get the news!
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But understand one thing, All the creators
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I know so many creators & I don't want to name them
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which don't have their fact base.
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You can try by seeing their videos,
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by clicking on the video of a random creator.
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And actually, search for such facts & you will see
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7 out of 10 times, they are not based on facts.
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That is a very loose fact not an actuality.
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So, please, be sure to read your own facts.
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secondly, if you are referring to thumbnails,
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YouTubers over exaggerate thumbnails,
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I am saying this & I also make such thumbnails
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& it is required. Why? as I want your attention to
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Click on the video & then we state you
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about the reality. Right!
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Please, be sure not to take the news from
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thumbnails, reels, or any random Youtube video.
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Please, Be sure to take the news
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from the credible sources, & this source
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is your credible source of news.
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Ultimately, we will get the news from here.
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Point 2: You get stuck in a bubble.
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The Nature of Social Media is
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that it will show you what you want.
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So, algorithms are placed in this way, be it
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Instagram, Youtube, Facebook, or anything.
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Suppose, if you are finding of
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a particular mobile,
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you thought of a mobile, it will show the video
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of the same mobile continuously.
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If you searched for Apple's product,
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it will show related to it because
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it is assumed that whatever you want to see,
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you liked it if you see more similar content
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then you will remain in that platform & every
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platform has an objective to bind you
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with it for a longer period. Right!
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Now, this can be very bad. Why?
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because you will fall into a bubble.
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You will not get any idea outside of that bubble.
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If you are looking for trading or if you are
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looking for a particular stock,
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you will be getting news related to that stock,
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content of that stock, but an actuality
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& broad horizon can't be grasped through
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the social media.
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Let me give you an example.
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If you listen to Youtube Music, so
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I used to watch music videos on Youtube
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& listen to the music.
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Now, I have stopped. why?
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If you try Youtube music, you will see
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it will recommend you the same songs
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which you have listened 1, 2, 5 months or 1 year
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before, it will recommend you those songs.
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You will never be able to explore new songs
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or joners. These are some of the social media's
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befits & disadvantages.
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This is one disadvantage.
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When you will read so many newspapers,
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you will get to know about International
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market's situation,
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the situation of politics, then in different areas
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which will broaden up your horizon.
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You will find situations of different sectors.
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So, That's why a Newspaper is a must.
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Point 3: Mindset.
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Now, why am I saying Mindset?
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when you enter social media,
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then your mindset is not prerequisite
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of learning. If you get it, that's fantastic!
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You are going there for Infotainment i.e.
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light-hearted infotainment.
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That's why we spend more time on Social Media.
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So, the very foremost thing is that
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you will get not any hard news from there
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because you don't have a mindset.
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There are many distractions like
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Funny videos on Instagram or on Youtube
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if you are watching my side & if you find some funny
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video, you will prefer that one.
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So, these are three reasons, why reading
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of the newspaper is must for you.
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Now, let's talk about challenges.
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When you start reading the newspaper,
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when you try to make it your habit then
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you have already faced these challenges,
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or trust me you are going to face them.
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The first challenge is that it's boring.
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It's completely boring. Why boring?
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Because when you read the newspaper,
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you find it in a fixed format, nothing interesting
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but in social media, it is made spicy
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& relates with jokes.
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It is boring!
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Secondly, It is difficult to understand.
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So, if you see some parts,
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you will see some paras or abbreviations
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like NCLT, RERA. You will not be able to understand.
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You need to google everything.
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So, it can get very irritating.
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then comes, It is very very time-consuming.
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Reading a newspaper can get time-consuming.
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Alright! Let me tell you its solution.
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When I started reading, I used to think
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if I started then I would read it completely
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a-z, and would not skip any word.
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But this is not the right approach.
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You need a process or a system
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to filter the news & to take the
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right news which is your requirement.
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Now, let me tell you
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How to start reading a business newspaper?
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Now, let's talk about a direction to read a newspaper.
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Let's understand its structure!
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I have all collected all the newspapers
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which I had in the recent time.
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Now, I have picked one random newspaper.
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You can see this news headline,
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This whole thing is the front page.
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This front page is like a trailer of a movie.
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How can we relate it to a movie trailer?
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As it has things you like, different headlines
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& different main news can be seen here.
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If you want to read the headlines in detail then
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you can see them on a specific page number.
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So, this whole thing is the movie's trailer.
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Now, we will open the newspaper.
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After opening it, you will see
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separate heads of a newspaper &
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every newspaper has its own.
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Let's check out these heads.
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1st head: Politics.
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2nd head: Companies/Corporate.
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3rd head: Economy, Public Affair & News.
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4th head: World Economy/Global Economy.
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5th head: Stock Markets.
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6th head: Sports & Events.
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7th head: Editorials, this is an interesting part.
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Does this pattern remain fixed?
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Every time in a fixed pattern, not possible.
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Sometimes, separate head for Cryptocurrency.
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Such things keep changing but
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from these, you will get an idea of a structure.
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This way you can choose, what do you want to read?
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& what not to read also you can scroll through
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the rest.
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which I personally highly recommend you
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In the Business Line & the Mint
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specific editorials use to come.
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and that will amaze you.
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They are so insightful to read in the morning.
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They are so deep that real journalism
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will be seen in such newspapers.
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If the structure is clear in your mind then
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automatically you will be very clear
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what do you want to read & what not to?
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And 1 second! If this is complicated for you,
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I am giving you this one mantra,
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which I also use & then I use to get clarity,
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Do you want to know? Listen Carefully then,
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Tell yourself, "Tomorrow is Ours!"
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"Future is Ours!"
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Write it down in the comment box.
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"Tomorrow is ours." Remember this!
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By saying only this one statement,
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All your tension will automatically
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get vanished & I always say this to myself.
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Alright! Done!
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Now, Let's talk about the Articles.
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Now, you will see the design of the articles.
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Firstly, It has the main headline.
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It can have major abbreviations, not familiar,
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don't panic, just google them.
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You might have to google for one or two times,
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later on, you will remind them. Alright!
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Then comes, the sub-heading.
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You will get an idea from its sub-heading.
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Then, special notes, like in this article.
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Many articles contain special notes.
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What do I usually do?
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Read the Heading, Sub-heading,
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Special notes.
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With Experience, you yourself will get an idea
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about the article & can read broadly.
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But you think, the article is an interesting one,
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then read complete but start with these three.
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Once you read these points,
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You will automatically grasp good things
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How to start reading it?
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Might be possible that in reading one newspaper
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can take 30, 45 or 50 minutes.
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and it is a very low possibility.
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But trust me, you invest your 15 days,
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& you will observe that
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your reading speed has increased.
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Like the newspaper which I use to read,
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The Business Standard. Alright!
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Then I read the Economic Times.
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Then I read the Mint,
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then I read the Business Line.
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These are my personal favorites,
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& have been reading them for a long time.
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I don't have to spend more than 15 minutes
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to read these newspapers.
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& this is a must for you.
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Now, I want you to
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comment down below: " I promise!"
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I want to you write it in the Comment Box.
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" I promise."
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I know the mentality, you watched the video
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& you will move ahead for an entertainment,
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& you will start watching a random funny video.
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So, your comment down, " Harsh, I promise!".
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Why am I telling you this?
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as when you write this, you are making an effort.
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You are promising yourself that you
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will start reading a newspaper.
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It is a very important thing for you!
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And if you like the video,
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& if enjoyed it,
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do you know? what do you have to do?
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Do hit the Subscribe Button & Like Button.
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Share this video!
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if you genuinely find this video interesting.
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Do share & if you want to learn more.
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The channel has so many videos.
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There is a video on
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" Basics of The Stock Market" in Hindi.
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Watch that video & everything will be clear.
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Do share that video also.
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The second video that I will recommend to you!
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Bipin Preet Singh, The CEO of MobiKwik
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we have our full Podcast with him.
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Watch that one! you will love it.
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You will learn about Entrepreneurship.
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So, this is Goela School of Finance.
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Financially Empowering You!
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