What are the best ways to learn about the stock market?
Should I buy "Stock Investing for Dummies"?
What do you think of E*Trade?
I was told "don’t worry, you have a broker" (I’m with Wells Fargo, so I guess I have a broker, do I?).
But I’d like to educate myself so I know what’s happening and hopefully develop an interest to the matter.
Thank you for any answer.
If you’re a rookie in investing or stocks, go to
www.finance.yahoo.com.
Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.
Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.
If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.
Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.
Good luck.
Comments
The best way to learn is from your broker and your friends who have many years of exprience trading in the stock market.
References :
Start off by making sure you know all the terminology and try opening a practice account, this way you can practice with virtual cash and not lose any money.
Whilst practicing try and develop some trading strategies, sites like investopedia.com are good for this.
E trade are good but for beginners id recommend TradeKing as they have the cheapest buying and selling fees and no account minimum.
I have sourced a website that is ideal for beginners and has links to some good practice accounts, Matt.
References :
http://www.sharesexplained.com/tradingguide/stock-market-practice-accounts.html
‘The Warren Buffett Way’ is a great book.
References :
http://www.BuffettCapitalists.com
I am a professional investor (from home) and would like to help you out. I mentor other people and help them to learn how to invest conservatively but create an ongoing income. It takes a little work to understand but I will take all the time we need for you to learn. I am not trying to sell you anything. I ask for nothing in return, minus your dedication and ability to remain in integrity with me regarding appointments by phone for your learning. What I gain is the satisfaction of teaching people how to be successful and happy and hopefully gain some great friends along the way. My yields range from 10-20 percent monthly. My name is Brian. I can be reached at bfastlane67@gmail.com. Fair thee well..!!! Brian
References :
start trading with small money and read newspaper daily think for actual investment after some time
References :
trader
Read about the stock market in financial newspapers and also study about some of the big companies and the ir stock movements,their financial performance etc.
Then visit a broker and get yourself familiarised with the market, stock movements etc.
Once all the above are over you can enter the market as a trader or investor. Initially you deal in small numbers and once you gain confidence they go for higher volumes and numbers.
References :
I would buy the title mentioned in your question. Then I would subscribe to an investment newspaper such as WSJ or Investors Business Daily, buy editions of either paper once oe more per week. IBD has a two week free trial with no strings attached.
References :
If you’re a rookie in investing or stocks, go to
Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.
Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.
If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.
Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.
Good luck.
References :
The best place I have leaned is to post questions in an interactive forum. the newest forum link is below. Good luck
http://www.newstockslive.com/forum/cgi-bin/yabb2/YaBB.pl
References :
http://www.newstockslive.com
March 11th, 2010 at 4:11 am
Don’t Buy a book. First use the public library, take out a few investing books. The one you can easily comprehend is the one you buy.
Get the Wall Street journal, start watching the money channel, such as CNBC. Research online any questions you still have.
References :