Can anyone tell me how to start dealing in shares and stocks and dabbling in bullion and commodities on the net. Is it difficult to understand? I am a homemaker who wants to make some money.
2006-09-12 21:44:13 · 6 answers · asked by uma p 1 in Business & Finance ➔ Investing
I assume that you are an Indian wife , so let me tell you I am an Indian in germany , I am 22 and I doing my MBA,I did the same for my class as our proffessor made it mandatory to buy stocks to attend his lecture so as to compare the classes performance. I would suggest you to first study the market dont jump the gun. Make a fictitous account in NDTV profit or any other website which allows stock tracking , by using these websites information you can actually hone your skill before buying in reality,take carefull notice about the trending and structure , also dont just limit yourself to famous or strong performer's once you have dabbled in the market then you can go ahead and actually invest just make sure that you dont put all money in the same place, try to diversify your portfolio as much as possible to reduce the beta or the market risk, the best way that I followed was first go for index funds , then once you have some idea go for famous ones but very small numbers and wait to see what happens how is the market cycle then after sometimewhen you are convinced in your skill buy good ones
All the Best
2006-09-12 21:54:05 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Well it is not an easy task because you can lose a lot. For a day trader, dealing with stock is like gambling unless you treat the market as your full time job. You must become financially literate and be able to read financial statements and make sense of the documents provided by the company.
If you're keen on starting off, I suggest you start reading investment magazines. Over time you will not only pick up on your financial understanding, but you will gain some good insight into the different markets and where they are headed. It is not too difficult to understand but will take some time to get the hang of.
2006-09-12 22:13:43 · answer #2 · answered by WatsMyName 2 · 0⤊ 0⤋
Read a few books first. I suggest...
The Only Investment Guide You'll Ever Need (Tobias)
How to Make Money in Stocks (O'Neil)
Beating the Street (Lynch)
Market Wizards (Schwager)
Then check out any of the online brokers such as TD Ameritrade, E-Trade, Fidelity or Schwab.
2006-09-12 22:31:21 · answer #3 · answered by ProfessorOddlot 4 · 0⤊ 0⤋
It's not at all difficult to understand, there are plenty of online opportunities to trade shares etc, but what makes you think you will make money doing it? Unless you have a good answer to that, if you must gamble you'll probably have more fun and have at least as much chance of making money playing online poker!
2006-09-12 22:03:35 · answer #4 · answered by Sangmo 5 · 0⤊ 0⤋
Open an account with one of the good brokers e.g ICICI Direct, HDFC Securities or any other broking institute. I have with ICICI and found it very good and informative. They conduct lecture, class from time to time to teach about investing in equities, commodities, bullion etc. Just phone them, they will attend you in your own house and do everything required. Good luck for good investing.
2006-09-12 22:01:02 · answer #5 · answered by princeatheart 2 · 0⤊ 0⤋
1
2017-03-01 05:16:51 · answer #6 · answered by ? 3 · 0⤊ 0⤋