2006-09-06 22:46:35 · 10 answers · asked by smartswee 2 in Business & Finance ➔ Personal Finance
Basic is not enough. All you need is money. You will be best advised to follow the advice set forth for fundamental investing by Benjamin Graham. It's how Warren Buffet made a fortune. Look for a book on Value Investing by Graham and Dodd.
Be very careful about taking advice from a stockbroker. They are not required to be experts on investing, they are salesmen, and they tend to advise their clients through the prism of what makes them the most money.
Check the NASD website to see how many registered representatives have had action taken against them. If you must use a broker, make sure he or she has been licensed and practicing for at least 10 years without action taken against them. That will rule out almost all stockbrokers, aka registered representatives.
2006-09-14 21:38:12 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Let's assume you mean publically traded common shares of US publically traded companies.
(1) You have a brokerage account that allows you to trade the shares in question.
(2) You have enough money in the account (check with brokerage) to either buy a certain number of shares or short a certain number of shares. If you already own shares, you can submit a sell request.
Those are the basic criteria...check with your brokerage.
Of course, there are many ways to by and sell shares as well as options. Places like E*TRADE have a help section where you can learn more about stuff like limit orders, stop loss, covered calls, etc.
2006-09-06 22:54:18 · answer #2 · answered by BowtiePasta 6 · 0⤊ 0⤋
research, buy at a low price for a company, but first research why they are low if it is because of the their cycle as companies have 7 year cycle where they have times of high peaks and low peaks, and other companies are just plain crappy and shouldn't be invested in like Australia's Telstra, they have gone down and its not because of the cycle. Read all the price sensivity reports. thats all i can help you with. Sell at a High price
2006-09-06 22:51:19 · answer #3 · answered by kaeleymel 3 · 0⤊ 0⤋
Basic principle to buy when market is on the crash sell while it is booming.
2006-09-07 05:09:09 · answer #4 · answered by Reva 2 · 0⤊ 0⤋
Basic?
Buy low, sell high.
2006-09-06 22:51:56 · answer #5 · answered by Puppy Zwolle 7 · 0⤊ 0⤋
they should be demated and you should have the willingness to sell if going in aprofit/loss. To buy you should study the market before doing so.
2006-09-06 23:05:00 · answer #6 · answered by anil m 6 · 0⤊ 0⤋
day trading is the STUPIDEST thing as you can lose all your money in one shot.
forget trading and invest for a long term period...
buy when the market crashes and sell when you have made money..
dont be greedy
:)
2006-09-13 19:08:01 · answer #7 · answered by renireyo 2 · 0⤊ 0⤋
just to buy and sell you need money
for trading judiciously you ned knoledge on stocks and thir movments strength on fundas
2006-09-06 23:07:32 · answer #8 · answered by premilove 3 · 0⤊ 0⤋
Discuss with your licensed broker is the best solution to my opinion.
2006-09-14 05:34:39 · answer #9 · answered by pimpa1949 4 · 0⤊ 0⤋
establish an account and fund it etrade.com and ameritrade.com are sources.
2006-09-13 19:56:37 · answer #10 · answered by lobo 4 · 0⤊ 0⤋