Stock Markets Exposed
can anyone give me an advice on how to start investing in stocks or how to day trade?
Is there a website that I can learn from?
Public Comments
- investopedia.com is great. Read the articles from thestreet.com . Dont even think of daytrading until you have a more advanced knowledge and are willing to put serious time into both fundamental and technical analysis. It took me a few years of constant reading about investment and researching companies before I felt very comfortable investing in individual stocks vs. just buying mutual funds. You need to have a fairly good understanding of the general business cycle and the world economy to have an edge. Learn later about options trading and buy specific books related to it. Dont think that your just going to jump in there and make consistent wealth without learning for a long long time---part of the learning curve really is losing some money in the process too. The for Dummies books are great for starting out too.
- Investing in "individual" stocks takes a lot of knowledge and practice; so I would not suggest doing this until you understand completely how the stock markets work. Instead visit Vanguard.com and learn about mutual funds, index funds, and exchange-traded-funds (ETFs). Trading funds is less risky than trying to trade "individual" stocks. If I was starting over again, I would find (4) ETFs that have had consistent returns with strong chart uptrends, and simply invest my money evenly over the (4) funds. ETFs are traded just like a typical stock. Day-trading is not for beginners. Also you need to maintain $25,000 in your brokerage account to day-trade.
- Day trading can be fun, but it's often expensive, and it's almost identical to gambling. Nearly everytime I do it, I lose money. However, a savvy investor saves a bit of his portfolio for catching those smart deals, like I did on Jones Soda for an easy 10%(don't invest now), Bidu for a 30% gain in one day, and things like Visa's IPO, and other 'gifts'. Don't try and day trade for a living. There are too many variables that you cannot know about, and your investing is simply like flipping a coin... i.e. the stock goes up or down. I make more money investing long term than adding up occasional quick wins like the ones mentioned above. I aim for 5% a month and don't find this to be impossible. The key is that individuals have an advantage over mutual funds and institutions because we can move our money in and out quickly, whereas they have millions even billions of dollars that they have to build into a solid long-term position. Believe it or not, I have learned how to invest from reading and watching Jim Cramer. What he teaches is true and it works. He tells you how to invest, but also how the markets cycle and decades of wisdom from experience. It works for me and it's made me money. Good luck with your investing!
- The other advice is pretty good. Why waste valuable time and money getting lousy returns over the long run and subjecting yourself to unbelieveable risk. The only people making money in day trading are the ones selling the programs. Buying and selling individual stocks are not much better. Work hard, save all you can, and invest in diversified 401k's(employer matching), Roth's,401k(non-matched), IRA's, and mutual funds in that order. Mutual fund managers are paid the big bucks for a reason. Oh and by the way don't even think about investing until your out of debt except your home and have saved 5 or 6 months of expenses in a money market account for the emergencies that will come.
- The others advice is pretty good, but with the day trading, you shouldn’t day trade unless you have a few million in the market. Most of the people that day trade for a living; they are on leverage up to 1000 to one. So every dollar they “personally” have in the market, the company they work for gives them 999 dollars to trade. Then in turn take a percent of any profit, and if the person loses any of the money, they will need to pay it back. The reason you need so much money is because they “make there own market” in stock. What I mean is, they have so much money in a stock, they can change the price of it by a penny or two when they trade. A penny or two, over 1000’s of shares, many times a day….adds up very fast, and that is how they make money.
- Using the Mtpredictor's technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net..
- There are some cool day trading videos here: http://www.daytradingfreedom.com/videos The guy makes it look easy, he makes thousands of dollars in a few hours. Then again, I've never tried it myself so maybe it's not as simple as he makes it look. Good luck! SJ
