Im kinda new to the stock market?

Question

I understand that you buy,sell, and hold. But how do you invest in stock? what do you do to get started and set up? I dont need any advice on what stock to buy though.

Answer 1

Open a brokerage account.
Scottrade
Fidelity
Ameritrade
E Trade
Then find a company, mutual fund, ETF, that you would like to invest in. Buy shares of the company, mutual fund, or ETF and watch your money go up and down like a roller coster.

Good Luck

Answer 2

Open an account with a brokerage. Put money into it. Tell the guy at the brokerage that you want to buy XXX shares of YYY stock.

You have two choices in how to buy them. You can buy at the market price (you are guaranteed that the deal will get done at the market rate -- but you don't know how much you paid until later). Or you can put in a limit order. With a Limit order, you buy at the price you specified -- or better. While you get a guarantee that you don't pay more -- you have no guarantee that it will ever get done. If the price goes up above your limit price, they don't sell to you until (and if) it comes down.

You can also specify how long your limit is to work. You can say "Buy 100 shares of XYZ at $25 -- good until cancelled" -- or you can say "Buy 100 shares of XYZ at $25 -- good for the day."

Stocks are usually bought and sold in multiples of 100. If you are buying or selling odd lots, then it will be more expensive per shar for you.

You can also open an account on-line where you can put in orders over the computer.

Good luck.

Answer 3

What you'll need to do is get a stock broker. There are many of them out there, and they range from full-service advice and brokerage to discount or all electronic brokerages. It depends on your needs and preferences as to which one will be right for you.

Some have minimums for you to invest and there are other fees (trading fees, advice fees, etc), so be sure to inquire as to the total cost of doing business with these brokers before you sign anything.

Other then that, if you're a US citizen, all you need is your social security number and a bank account and you should pretty much be set.

You can look through Yahoo's brokerage category (linked below) to find one you like, or do some other research on-line.

If you already know what you want to invest in, I'd lean towards the discount brokerages (ameritrade.com, etrade.com, scottrade.com, sharebuilder.com, schwab.com, vanguard.com)

Good luck!

And I'll throw in some unsolicited advice. I'd recommend staying away from day-trading, very difficult to make money that way, all the trading fees eat you up and you'll have to pay tax at your ordinary rate as opposed to long-term investing where it's only at 15% tax.

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

Stay in the shallow end!