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Hello Im interested in becoming a trader. Any good books CDs that I can use to learn more about the stock market?

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  1. Hi.. I am currently reading 'The Neatest Little Guide to Stock Market Investing" by Jason Kelly. It's a pretty easy read and has managed to keep my attention.
  2. Any book that you read will be to your benifit. I have read hundreds of books on the subject. All of them have been helpful in one way or another. I would read books on regular finance before going into stock market investing. If you are past that point the "Idiots guide" serious have some very good books on the subject.
  3. In the beginning “newbie” traders and investors DO NOT INVEST THE FIRST cent or dollar. No amount of money. In the beginning you LEARN HOW: A] the stock market works. B] to invest in many, many various ways. C] to properly trade D] many other concepts and aspects. Beginning or novice ['newbies"] investors and traders ALWAYS make mistakes. In fact, throughout a person's avocation or hobby to do trading, he/she will make mistakes. In the very beginning, you READ AND LEARN about the market and how it works: Read "Investing for Dummies" As you are reading and doing research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before. You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to Investopedia’s dictionary. http://investopedia.com is a free site. It’s recognized by Y! A as a "Featured Knowledge Partner". It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in. It also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with real money. http://finance.yahoo.com is also recognized by Y! A as a "Featured Knowledge Partner" END E-MAIL #1 The thought processes are: 1] to have more successful trades than failing trades. 2] to minimize the losses of those losing trades. 3] "To live to trade another day." Having enough money in the trading account to return to the market. ALL this is accomplished by a few true expressions used on Wall Street: Some trading expressions come to mind: A] "On Wall Street there aren't any gifts." No one gives anyone else anything - not even stock tips. B] BUlls [BUyers] earn money. BEars [SEllers] earn money. Pigs get fat. Hogs [Greedy Traders] get slaughtered. They lose the money in their trading accounts. C] "Trees don't grow to Heaven. Neither do stocks or any other investments." In other words: What goes up, MUST come down! D] "Plan your trade. THEN trade your plan!" Have a trading plan with rules for that plan for each strategy. I want everyone to know I DO NOT own any portion of this man’s estate, nor am I associated with him or any one else connected with him in any way. I am not part of the publishing company or an agent or anything else. This man does not know me from Adam AND I don’t know him. I know of him and the wonderful book he wrote. THIS IS NOT SPAM. You should buy a copy of this book: “The Richest Man in Babylon” by George S. Classon. You can get the book on http://amazon.com Its very easy to read. Its very easy to follow. You can write in it. You can make notes in it. All you have to do is to read five [5] pages - Let’s count 1 - 2 - 3 - 4 - 5 pages of this book - or any book - each and every day. OR You can leave it sit on the shelf, on a table or on the floor and let it collect dust. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name!
  4. Check out www.GreenRoomStocks.com - They have a library of books for sale, offer private tutoring, and publish nightly picks with entry and exit points as well as watchlists to the long and short sides, nightly market commentary, plus weekend video reviews and a great weekly newsletter. Also if you are available during trading hours they have a very lively and informative chat room with some very knowledgeable traders sharing ideas and giving feedback on any trading ideas you may have.
  5. Before you can be a trader, you must undertand the market. how it operates, and what products are available There are many books about the stock market and trading Start by reading, What Works on Wall Street by James O'Shaunessey, Beating the Street and One Up on Wall Street both by Peter Lynch, The Warren Buffett Way by Robert Hagstrom, Trading For A Living by Alexander Elder – “How to Make Money in Stocks” by William O’Neil and The Disciplined Trader by Mark Douglas. Then you must decide on what type of trader you want to be. You could be a scalper (hold a positon for 30 seconds to 20 minutes); a swing trader (hold a positon for 20 minutes to 8 hours)l day trader (hold a position for about 12 hours), position trader (hold a positon for several days or weeks), or a short term trader (hold a position for several weeks or 6 months). What market do you want to trade in and What type of equity securities you want to trade But before you even enter into your first trade you'll need 1 - A written sound trading plan with rules that will not only help you but more importantly protect you, mostly from yourself. 2 - Sufficient trading/investment capital. Use your own money, there’s no need to go into debt. 3 - A written money management program in place. Remember never invest 100% of your capital into any one security. Whose trading platform will you be using. this will be determined by the market in which you trade. You have a lot of work ahead of you. Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. While at MSN read the Commentaries by Jim Jubak, Jon Markman, Harry Domash, and Liz Pullman Weston. Following the strategy lab analysts to get a feel for what the pro’s are doing and why. This site has some basic information for beginners. If any site offers free information, take it. Other website that can provide instructions and help with procedures and terminology are Investopedia.com, Stock Charts.com, and 1source4stocks.com Visit some of the more professional websites like Zacks.com, Smart Money, Schaeffers.com, Trading Trend, Trading Markets, these website will have advertisers who are worth looking into also. And remember, if they offer free information, get it. Good luck .
  6. Here are some useful resources: BOOKS: > Security Analysis by Benjamin Graham and David Dodd > Contrarian Investing: the Next Generation by David Dreman > The Aggressive Conservative Investor by Marty Whitman > Buffettology by Mary Buffett RESEARCH WEBSITES - Yahoo Finance - Google Finance - Morningstar PRACTICE TRADING/LEARN FROM OTHERS - Xearn.com STOCK BROKERS - E-Trade - Scott Trade - Ameritrade - Schwab - Fidelity
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