The best way to do anything yourself is to learn something about it first. You'd be surprised at the thousands of books available on this one subject at your local library.
You need to do the work first, learn a few terms, read a few books, which you will have to do anyway. Go to the library, and browse through the row upon row of the subject. All of these questions will be answered as soon as you take the first step and read a beginners guide to investing.
Try to determine your time horizon. Short-term, long-term?
Take a look at charting and Technical Analysis for following trends in the markets. Why would you own a stock that is in an obvious decline?
Realize right away there are two sides to the market, not just the upside. What goes up, eventually comes down at least part way.
Learn how to analyze risk, and make this your primary approach, not by compounding profits and erroneously analyzing how much money you can make. For example, most traders don't make any money at all; more than 80% blow out.
Learn about money management techniques, and maybe you'll stick around awhile.
Try to find these books:
"Which Is Better, Buy-and-Hold or Market Timing?"
"Do You Have What It Takes to Be a Market Timer
The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"
Kahn, Michael N.Tech. Anal. Plain & Simple
Kamich, Bruce M.How Technical Analysis Works
Lefevre, EdwinReminiscences of a Stock Operator
O'Neil, William J.How to Make Money in Stocks
Oz, TonyHow to Make Money From Wall Street
Rotella, Robert P.Elements of Successful Trading, The
Schwager, JackStock Market Wizards
They say "Buy and Hold" for the long term is better, but that depends on when you get in, and what your definiton of "long term" is. The phrase "Buy low and sell high" infers that you buy after a decline; but how much of a decline? If you had bought after a 1000 pt decline in the Dow in 2000, you would still be waiting to get back to even, six years later in most stocks.
How to start trading online:
http://www.bernanke.cn/stock-trade/...
http://www.stock-trading.jims-info.com/....
http://money.howstuffworks.com/......
http://www.investopedia.com/
http://sharebuilder.com/
www.stockcharts.com
2006-09-08 14:56:00
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answer #1
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answered by dredude52 6
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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 section 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 74,000.00 and 30000.00 in taxble account. by follow simple rule
2006-09-08 17:04:20
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answer #2
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answered by Hoa N 6
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The market will go up, down, and it will go sideways.
For the 2ndquestion, buy GM.
2006-09-08 11:46:49
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answer #3
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answered by Know it all 3
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