Stock Markets Exposed
How do I learn to trade stock?
What is the best way to learn how to trade stocks? The only thing i ever read about investing is that I read "rich dad poor dad" and "investing for dummies". I don't know where to start. Any suggestions?
Public Comments
- Try these websites: "The Motely Fool" ---- http://www.fool.com "Sharebuilder"---- http://www.sharebuilder.com
- You will quickly find that there are a million "experts" with all sorts of specific, unique strategies and you want to be careful following any of them too quickly. You will want to read LOTS from multiple sources and different authors. Seperate from books, you'll also want to read articles. A good place is msn.com or yahoo.com under their respective "money" sections. This way you can keep up with market trends and author, slightly less biased insights from time to time. Consider joining an investment club in your area as well. The best thing is to not move too quickly though and don't necessarily take advice from a friend or uncle who has the latest stock tip. Especially as a novice, you'll want to look into mutual funds instead of stocks. You can still make lots of money and be a lot safer. Start by finding good tax-efficient investments that are likely going to be retirement oriented like Roth IRA's or 401k's if your employer offers a matching contribution
- I started my own investing after the dot com crash, when my broker told me to "wait it out." I've sold all my mutual funds and trade equities from my own research. I suggest learning both fundamental and technical analysis, which will help you buy undervalued companies at the right time. Read something like one up on Wall Street by Peter Lynch and Pring's Technical Analysis explained. The best merger of these two ideas is probaly in the Investor's Business Daily, but I also read Barons, WSJ. Motley Fool at fool.com has great info also yahoo finance, google finance. Even Kramer on Mad Money has some good info, pool together a bunch of resources to find what works best for you. The best non-free research is morningstar.com they are generally the most conservative in giving valuations. Open a Brokerage account. I love scottrade, no annual fees $7 trades but no research. Don't trade for several months. Make some "paper" trades in you head before jumping in. I made some bad early trades by buying Intel b/c Smartmoney said so. Get a feel for the market. Get some oil and natural gas in your account. I've maintained a 20-40% oil and gas hedge in my account which has paid off nicely. We will see $100 pb sooner than you think. Buy safe boring companies. Right now my buy list is CX, JNJ, CVX, HES, DVN, LOW, CTAS, SUG, PCG, MDT among others. Start small, trade smart, make money! Good luck.
- http://finance.groups.yahoo.com/group/TradingZoom/ - read the books listed on the front page and watch the pros for a while.
- Open a brokerage account at Zecco and I will help you for FREE (I am a Portfolio Manager with over a decade of experience in the Stock Markets)
- investopedia can supply good information on specific term regarding stock market. and joining some stock market forum might help too. just ask whatever you want to know, but in a specific manner.
- Hi Strawberry Dive Investing in the stock market can be a daunting process, but it is certainly still a very lucrative business as long as you apply the correct procedures. There are many great training programs that can get you up and running and making money in a relatively short period of time. Share Trade Secrets has done a lot of researching of different training products and have compiled a list of the best of the best. Have a look at www.sharetradesecrets.com. All products recommended come with a 100% money back guarantee, so they are really worthwhile considering. I wish you all the very best in your trading online. Kind regards Share Trade Secrets - www.sharetradesecrets.com
