2006-08-26 04:01:52 · 8 answers · asked by Said S 1 in Business & Finance ➔ Investing
Slow down and learn first so you don't lose all of your money. First, you should really have over $25k to invest before you even think of buying stocks. This will allow you to purchase a diversified portfolio without losing a lot to transaction fees. I would suggest that while you are saving that money you look at mutual funds.
Now is not a great time to start out in the market. They are crazy right now and not really a good atmosphere for a newbie. If you are determined to do this, I would take at least 6 months to paper trade and see if your system is working. Pretend you are buying and selling, take into account transaction fees and taxes and see how you come out in the end.
80% of stock pickers fail to do better than their corresponding interest after fees and taxes. So, if you think you are in the top 20% of financial minds in the country (including every fund manager and professional stock picker) then go for it. Otherwise, stick to funds.
2006-08-26 12:56:06 · answer #1 · answered by personal_finance_101 3 · 0⤊ 0⤋
Think of it as a bet that might gain money for you or lose your money. Then make sure you have enough money available to you (savings and secure investments) that you won't care if you lose your stock money. That is step 1.
I never heard of anyone that "needed" to start trading stocks. If you are sure you need to, start by reading up on likely companies and then open a brokerage account. The broker can help you with the paperwork and with advice.
2006-08-26 04:08:31 · answer #2 · answered by Rich Z 7 · 0⤊ 0⤋
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 05:43:36 · answer #3 · answered by stock_trade_expert 3 · 0⤊ 0⤋
if u mean you want to start investing then go to a web site and look at the mutual funds and or look for companies that you deal with. read the free info you can find. Do research on a company like Walmart or Starbucks. Try www.fidelity.com and just scroll around. Watch a stock or fund for a while and maybe try to find a local investment club at the local library. Thats where I got my exposure.
2006-08-26 05:01:15 · answer #4 · answered by zocko 5 · 0⤊ 0⤋
Hit the books. Trading is a profession just like anything else. So the first thing you should do is plan your education and execute it. Its just like you if wanted to be a lawyer or a doctor, you would get your education first then go through some sort of clinical or internship; approach your trading career the same way.
2006-08-26 04:06:25 · answer #5 · answered by B. T 2 · 0⤊ 0⤋
My best advise to you is to begin researching investing in securities. You can be begin with a book such as "Investing for Dummies". Your library may have a copy. While you are there check out what other books they have on investing. Go to Amazon and to a search on investing. Hundreds of books will pop up. They will all have reader reviews.
You do not want to begin without having some knowledge of methods and alternatives.
2006-08-26 05:55:58 · answer #6 · answered by Anonymous · 0⤊ 0⤋
http://www.nohasslebargains.com/loan/stocks_market.html
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http://www.nohasslebargains.com/loan/investment_trading.html
Investment
Financial Services
2006-08-26 06:39:58 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Open a brokerage account at TD Ameritrade.
2006-08-26 09:04:42 · answer #8 · answered by Anonymous · 0⤊ 0⤋