How do i get started on learning the stock market?
Im 19 years old and I have $1,500 that i want to invests. I was wondering if anyone knew the best way to learn about the stock market and handling the risks wisely. I also heard that Scottrade is a good online trading tool to use. Can anyone give me more info on how Scottrade works? Also, tell me the best way to learn the stock market? Do you know any good books, audios, etc.? Thank you.
Public Comments
- Before you do anything, get yourself a book and do some reading before you lose all your money on foolish invesments.
- What?? You still trust those thieving gits? Put your dosh into the triodos bank, if they operate in the states. I use my local Credit Union for a current a/c, & the phone coop for landline services and savings via profit dividend &shares. I got out of the stock-market 3 recessions ago, & laugh at the banks & markets, my savings have shown a stead, continuous gain.
- you might want to check out http://www.top10traders.com - the site is free - you can create your own practice portfolio - you can also see what others are buying and selling - there are also links to the best investing blogs.
- A great way to learn is with Unit trusts, Here your money is invested with others and managed by team of traders. you will receive information on which stocks your unit has bought and can follow them yourself to learn from the professionals. There are many types of unit trust for differing risk areas or locations so reading about and picking a good one can take some time, but much less than choosing stocks for yourself. Also would like to say investing is long term, you should be planning on investing the money for at least 2 years preferably a lot longer. Best of luck
- google for HSFX Asset Management and start making money!
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