how to become a savvy stock market trader?

Answer 1

Study finance, learn about the market. Learn about different classes of stocks and bonds. Learn about different types of trades - puts, calls, margin calls, selling short and long, stop trades, etc. Learn about different categories of investments - blue chips, junk bonds. mutual funds, and so on. Learn about rating services like Moody's, Morningstar, and others. Start following the market reports on the web and in the news. When you think you've learned some, set up an imaginary account with some pretend money - say $10,000. Buy some stock that looks good based on what you've learned, and follow it. When you think it's worthwhile, sell if you want. Figure in the expenses of buying and selling, and see how you do. If you think you've got it down, only then can you think about actually contacting a broker and risking some real money. Otherwise, it's just a crap shoot, and your odds are lousy.

Or, just realize that the best investers rarely beat the market averages (dow, S&P indexes, etc), so find an index fund that tracks an index you like, set up an automatic transfer to put some money in it every month, and concentrate on perfecting your golf swing, finding the perfect fishing hole, or growing a beautiful lawn. But learning at least some of the stuff above will help you pick out that index fund.

Answer 2

Many have tried. Some have succeeded. Most have not. There is a big difference between investing and trading. Traders attempt to take advantage of short term trends in stock prices or in short term discrepancies in stock prices. Investors attempt to take advantage of what the perceive to be long term trends in corporate profitability.

To be a successful trader, you have to understand the market, be able to cut your losses rapidly and know when to take your profits. You have to be able to read and correctly interpret technical trends.

Do you think you have the fortitude to be successful at it?

Answer 3

Read 'Common Stocks and Uncommon Profits', by Philip Fisher.

Answer 4

Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.

http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:

fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy

technical analysis==(chart+indicator)>> when to buy

Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live

At the age of 32. my 401k is amassed 71,000.00 and 30000.00 in taxble account. by follow simple rule

Answer 5

Hi , perhaps you can get answers in this website:

http://www.bernanke.cn

a website about bernanke's talk and comment and some review. as you know, bernanke have great influence in stock, Bank, oil price, forex and so on.

Google Luck.

Answer 6

You may find links from the page below

Answer 7

1. Study the market
2. Study yourself
3. Experience
4. Repeat the above, again and again and again ...

Answer 8

There is some useful advice here.

Answer 9

take risk