2006-06-19 20:49:11 · 8 answers · asked by Ken I 1 in Business & Finance ➔ Investing
Here's a start - log on to Yahoo Finance. Start reading the articles.
If you don't know much, just take a look at the closing prices of the S&P 500 every day, which is an "index" that covers most of the market. That helps you get a feel for what "up and down" means.
Don't spend money on research - learn how to understand company information. The site below is great! Avoid technical trading (buying or selling based on price movements, not company information) - it's simply not good for the beginning investor, and the folks in my office think it's crap, and I work for economists.
Best to buy and hold a stock for at least 3-6 months. A year or more saves on taxes!
2006-06-19 20:58:49 · answer #1 · answered by Polymath 5 · 0⤊ 0⤋
There are plenty of ways to learn about stock trading-
1) Watch Jim Crammer- he's great and funny
2) Go to a bookstore, sit in a comfy chair, pick up an investing book and read
3) Go on Ebay and buy some great investing books at cheap prices (esp. Warren Buffett)
4) Go to yahoofinace.com, look at stocks read articles, have fun
5) Go visit MotleyFool.com those guys are great and their articles are superb.
6) Browse stock quotes so you become familiar with them.
7) Buy some Investing magazines (a great one in: Money)
8) Read the newspaper in the buisness section so you get familiar with the stock market and the companies.
9) Don't "over-learn" or it gets really boring, remember to have fun, because wise investing can only help you.
10) Don't begin investing until you become familiar with the stock market. Invest in what you understand.
2006-06-21 02:56:34 · answer #2 · answered by MathTeen 2 · 0⤊ 0⤋
You should read books about stock trading or go to a virtual stock trading website like www.simustock.com
2006-06-20 10:48:28 · answer #3 · answered by joseph y 1 · 0⤊ 0⤋
Jim Kramer is alright, but he's sometimes more hype than the meat and potatoes of investing. I'd read Warren Buffett books...any and all of them. The guy is a genious.
2006-06-19 20:54:23 · answer #4 · answered by someguy 3 · 0⤊ 0⤋
I agree with toad4music on Crammer and Buffett. Read Buffetts letters to shareholders in Berkshires annual reports.
2006-06-19 21:10:33 · answer #5 · answered by jeff410 7 · 0⤊ 0⤋
The first step would be to open a brokerage account at Scottrade and then you can drop me a line.
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2006-06-19 21:32:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋
My husband started watching Jim Kramer- the guy is amazing!
2006-06-19 20:52:27 · answer #7 · answered by fixer of all aka mom 3 · 0⤊ 0⤋
Personal stocker broker: Personal financial consultant: Personal accountant: ect...Personal !
2006-06-19 20:57:23 · answer #8 · answered by Brian H 1 · 0⤊ 0⤋