Where do I start to learn to make money on the stock market?

Question

I would like to learn more about the stockmarket.Went to an investment seminaar the other day and all these people is doing is traying to let you purchase thier "make you rich quick package" , I'm studing business and sow right through thier merketing techniques. If any one can advise me on books and websites or any other information that I might find of use I will appreciate it.
Thanx guys

Answer 1

Congratulations on getting started. It’ll help you more than you know! You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks!

How to invest depends on what you already know. We'll assume that you're beginning even though you're studying business now.

A good primer is How to Make Money in Stocks by William O'Neil. You can get it cheap just about anywhere. It’s widely available new or used.

Another good one is one of Jim Cramer's books.

But books will only get you so far. At some point, you'll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com are both very good companies as is tmitchell.com

For free, you can start by visiting thestreet.com and investopedia.com. That'll get you a pretty good primer so at least you'll understand what the markets are and what a stock is, etc.

If you get a chance, watch Mad Money on CNBC. Don't trade any of his picks. Just use the show to get you to understand some basics and get a feel for the market itself.

Next, subscribe to something like investorsbusiness daily or something like that that can help you identify good stocks.

Once you understand stocks, go to 888options.com. It's a website that'll help you understand options (what they do, how they work, etc). You don't need to trade them, but the more you know, the more you'll see how options can really be the safest way to invest (once you're educated).

As you get more advanced, you might want a technical analysis book like Murphy's Visual Investor or A Technical Analysis Course by Meyer.

If it's discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter

I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin.

As you get up to speed, you should papertrade to practice (highly recommended).

You can practice on almost any reputable broker site (optionsxpress, scottrade, thinkorswim, etc).

Start slow, then as you figure things out, you can buy more shares.

Congrats again on getting started. If you have any questions, please let me know.

Hope this helps!

Answer 2

Do you want to learn about the stock market or learn how to make money trading stocks? The first is much easier than the second. Ameritrade and E-trade have good explanations about stocks, bonds, etc if you want to read about that. As far as making money, that's a different story. Stocks are basically a gamble, so don't use money you can't afford to loose. The bible for investing is "Intelligent Investor". It's a long read, but has a lot of good stuff in there. In a nut shell, invest in companies that you think are undervalued. Keep in mind there may be a reason they are undervalued!

Answer 3

Wow, thats a good question, one I get quite often.

There are several resources on the internet for learning about the stock market. Here are some of my favorite internet resources:

http://investingsensei.blogspot.com (This is my site by the way.)
http://finance.yahoo.com
http://barchart.com
http://cnn.com/money
http://investopedia.com

Books
There are several books you can start to read, I suggest you pick up anything by Jim Cramer. He is a very sharp investor and has a show on MSNBC where he recaps every trading session and advises people on individual stocks. (You can even try calling his show to get specific questions answered.)

It sounds like you plan on getting into business in general, in which case I have some required reading: The Art of War and China Inc.

The Art of War is a book on Chinese military philosophy. In many Asian countries and a lot of upper western business classes this is required reading. Its principals are timeless and many successful people including several successful businessmen and women have build their strategies around it's principals.

China Inc: Its a great introduction to the economy that is changing the global marketplace. A must read for anybody considering a job in business.

I also suggest buying a newspaper a couple times a week if not every day and taking a look at the business section. After a few weeks of reading you'll be brought up to speed on what's going on the world markets and it will greatly increase your familiarity with investing / business terminology. You'll also see a lot of terms from your studies!

You should also create a fake portfolio and track some stocks for a while, this will provide you with a greater understanding of the stock market.

Anyway, if you have any questions or comments you can always reach me at:
My Site: http://investingsensei.blogspot.com
Email: [e-mail]

Answer 4

Alchemy of Finance?!?! It'll bored him/her to death even before any interest catches on. I would say start with idiots guide and I used to have a very simple book from WSJ which explain all the financial products. Learn what the products are and what do they do first. After that, if you still want to learn more, then understanding financial statement would be the next step as these are the key to investing. Not understanding the accounts is like buying a can of food and not knowing what is inside (it can be baked beans or dog food!)

Answer 5

try this site.
http://nvestopedia.com

they have an online simulator investing game in which you have virtual money to play with. you can invest the virtual $10,000 like you would real money on real stocks. you can learn by trying to buy and sell and do the usual stock market activity without using real money till you get a grasp of the whole investing thing.
i hope this helps.

Answer 6

Vegas

Answer 7

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 75,000.00 and 30000.00 in taxble account. by follow simple rule

Answer 8

Here is a site which gives you tips on building wealth
http://www.themillionaireblog.com/