Start off learning the basics with free info from websites (such as Yahoo Finance or www.youngmoney.com). There you can learn all the fundamental concepts and terms.
You might want to check out a few virtual trading websites too. A couple of good ones are FantasyStockMarket.com and Investopedia's Fantasy Stock Market Simulator (simulator.investopedia.com). Several online brokerage sites also have simulators you can use if you sign up for them. A good one for options comes with signing up with www.optionxpress.com.
You can browse through the trading and investing section at your local B&N or Borders, but that's usually just a tidal wave of information. One of the better ones I've seen, if you already know the basics, is surprisingly Jim Cramer's "Real Money."
But by far, the best way to learn about stocks is to join an investing club. Just by being around others who love the stock game and hearing what they say, and how they think, it is the easiest and fastest way to get to know what you need to get started.
Hope this helps!
2006-08-25 17:24:11
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answer #1
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answered by Anonymous
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Read lots of books. There are good and bad ones. Ones that are simple and pragmatic and brilliant; there are ones with a lof of stats and complex math formulas like Fibonacci numbers with wave calculations. Stay away from the heavy math ones. They try to trick you into thinking that the more mathematical and complex the explanations are, the better the methods and approach. It isn't, the simpler ones are actually better. Know this for sure - most people think that that 99 percent of the battle is picking the stock. It isn't - learn about money management too!!! For instance, would you put all your eggs into one basket? (i.e buy one stock and pin all your hopes on it). It's not rocket science but it is one of the hardest pursuits b/c it involves human emotions which complicate the decision making. Greed and fear play havoc with stock traders who know all the rules and yet they still break them because of fear and greed (weak discipline).
Good books? - Market Wizards, New Market Wizards, Remiescience of a Stock Operator, High Probability Trading, Trend Following.
Read these - especially the Market Wizards series b/c it is like a mentorship program where the traders tell there stories of how they learned through trial and error - becoming practically bankrupt before becoming successful. Learn from them!!! There are common themes on why they lost and common themes of why they became succesful. Also, never believe a system that you can purchase, plug in the numbers and it spits out the stock to buy and you will retire in 2 years!! That's bullshit and I would swear on my Grandmother's grave that it is. Always keep learning and keep informed.
2006-08-25 17:39:15
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answer #2
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answered by GLOO 2
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Go to Library, read as many investment book
you can get. Read weekly value line Investment advisory available in the library. Use Yahoo Finance for all the stock information. Watch Nightly Business news for Half hour in the evening every week day. Hear Bloomberg radio news. Join investment club and all the information about buying stocks
from the other members.
2006-08-29 16:08:58
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answer #3
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answered by Pk D 3
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There are many sites online that provide excellent stock trading education. All you have to do is use Google or Yahoo and type keywords like "stock education" or "learn stocks". A really good one is http://www.fool.com
That said, trading stocks might not be in your best interest. I recommend you read the following articles written by Mark Cuban. He basically says unless you have some information edge (read: inside investor), stocks are for suckers. Check them out. They are good reads whether or not you agree but what he says is the truth.
http://www.blogmaverick.com/entry/1234000173073470/
http://www.blogmaverick.com/entry/2252572946170125/
http://www.blogmaverick.com/entry/1234000700073465/
I personally used to trade stocks and options, but now I solely trade currencies. The foreign exchange market is much bigger than the stock market and can't be manipulated by Wall Street.
If you're interested, a good Forex web site tailored for beginners is http://www.babypips.com
2006-08-25 20:23:56
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answer #4
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answered by ooogleemooglee 1
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Hi, i know what your question means. i also think stock market is a nice place for investing.
I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.
http://www.bernanke.cn/stock-trade/
Best Wishes && Good Luck!
2006-08-26 05:46:44
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answer #5
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answered by stock_trade_expert 3
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I've made a nice profit on a couple of suggestions he's given and plan to start trading his ideas a lot more. I definitely recommend subscribing to https://tr.im/pennystocktrading
Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had.
2016-01-17 16:16:52
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answer #6
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answered by ? 3
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You open your news paper to the stock section you choose a couple of stocks and follow them for a week or so and see how you would have done if you had brought that stock
2006-08-25 17:14:22
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answer #7
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answered by kilroymaster 7
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Read as much as you can before trading. Your library likely has some good titles. "How to Buy Stocks" by Engel is excellent for the mechanics of stock trading. Books by William O'Neil and Peter Lynch are excellent. A search on www.amazon.com for books on investing will give you many names. Fool.com is a good source of information also. Good luck.
2006-08-26 13:45:03
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answer #8
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answered by perdidobums 5
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Study its fundamentals and invest in timing like" c the crane will not catch the small fishes which r coming near to it,it's waiting to catch the big fish once its comes.This is the way to learn the stocks
2006-08-25 17:20:57
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answer #9
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answered by ramasamy 1
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If you want to earn money with binary trading and you aren't a big expert you definitely need some kind of support. I use a software called "autobinary signals" and I earning good money with it. Here you can find all the details and also some video proofs: http://tradingsignal.toptips.org
2014-09-24 08:54:35
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answer #10
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answered by Anonymous
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