i've been watching several stocks for a couple of months now and i'm ready to buy but don't know how. can anyone help?
2006-08-10 07:56:31 · 6 answers · asked by hot_latte73 2 in Business & Finance ➔ Investing
yes, you should learn 3 things:
fundamental analysis( economic report,management,competition,risk/reward) tell you what to buy
TECHNICAL ANALYSIS( CHARTS+ technical indicator) tell you what to buy
sentiment analysis (bull/bear ratio, put/call ratio) tell you how moody investor can affect your investment too
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
2006-08-10 09:17:31 · answer #1 · answered by Hoa N 6 · 0⤊ 0⤋
Find a credible brokerage house and open an account. You'll probably need minimum of 1000 dollars to open at some institutions. TD Ameritrade, Scott Trade and Charles Schwab are all solid firms with good reputations. As the guy above me said, BUY and HOLD. If you're looking to day trade (I personally don't recommend it) there are special accounts that offer cheaper commissions and different tools for you to use.
2006-08-10 15:05:10 · answer #2 · answered by Incredulous wanderer 2 · 0⤊ 0⤋
You can open an a/c at any stock broking office by visiting them, or by telephone, or on the Internet, or even at most banks.
You will have to decide if you will need advice before buying, or you will be deciding on your own, because the commission charges are different.
I recommend you start investing with advice at first at least, until you become a little knowledgeable and confident. It will still be mostly luck
2006-08-10 18:57:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I recommend ShareBuilder. You can buy for just $4 (or less) per transaction! That's pretty cheap.
You can be set up in about 10 minutes.
Remember...buy to HOLD!
2006-08-10 15:00:25 · answer #4 · answered by dm_dragons 5 · 0⤊ 0⤋
Go to an online broker like Schwab.com and set up an account with their assistance.
2006-08-10 15:00:55 · answer #5 · answered by dt 5 · 0⤊ 0⤋
www.scottrade.com
www.etrade.com
www.tdameritrade.com
Are all websites that you can deposit money and purchase stocks on. Scottrade is who we use, $7 trades flat rate.
2006-08-10 15:02:16 · answer #6 · answered by Tanya T 2 · 0⤊ 0⤋