2006-10-26 09:09:54 · 13 answers · asked by MN S 1 in Business & Finance ➔ Investing
Congratulations on getting started. It’ll help you more than you know!
Your first dollars should be spent on getting educated on investing. You don't have to train to trade them professionally, but we are talking about your future here. So the more you learn, the more it'll help you! So let's start there.
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 since you say you want some books for beginners!
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 (he’s got a few).
Once you finish those, read Mastering the Trade, by John Carter
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 until you track many of them over time. 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).
For 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. Take your time, and let it seep in.
As you get up to speed, you should papertrade to practice (highly recommended). This should help reduce your losses in the beginning as you get used to buying/selling.
You can practice for free 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!
2006-10-26 22:14:54 · answer #1 · answered by Yada Yada Yada 7 · 2⤊ 0⤋
1
2016-12-24 23:38:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Well
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
I hope it helps
2014-09-22 07:42:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
"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"
Droke, ClifTechnical Analysis Simplified
Kahn, Michael N.Tech. Anal. Plain & Simple
Kamich, Bruce M.How Technical Analysis Works
Lefevre, EdwinReminiscences of a Stock Operator
Lofton, ToddGetting Started in Futures
Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist
O'Neil, William J.How to Make Money in Stocks
Oz, TonyHow to Make Money From Wall Street
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, or a mutual fund that underperforms the idex it follows?
Realize right away there are two sides to the market, not just the upside. Not only can you short the weak ones while you go long the stronger ones, what goes up, eventually comes down at least part way. This is not a business of prediction, but rather knowing what to do if certain price points are reached, say at Support or Resistance levels, or Fibonacci retracement levels, or if a breakout to new highs or lows occurs.
Learn how to analyze risk, and make this your primary approach. We are not in the business of analyzing an unfounded theory of 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.
Develop a plan, then test your plan on a free simulator at Investopedia.com and when you start making "virtual" money, then you can risk your own.
http://simulator.investopedia.com/home.a...
http://investopedia.com
http://investing.sitesled.com/
http://futures.tradingcharts.com/learnin...
Blogs
http://winners-and-losers.com/
Training & classes
http://bettertrades.com
http://investedcentral.com
ETF news and analysis
http://ETF-World.Org/
Article: Trading is Timing
http://www.investopedia.com/articles/tra...
Stock Charts
Bigcharts.com
http://www.stockTA.com
http://www.stockcharts.com
http://www.incrediblecharts.co...
www.prophet.net
americanbulls.com
2006-10-26 11:01:59 · answer #4 · answered by dredude52 6 · 0⤊ 1⤋
I'd start off with "Reminiscences Of A Stock Operator"
other titles: Trading for a Living , Come into my Trading Room , How to get Started in Electronic Day Trading , New Trading Dimensions , Trading Chaos
You can find reviews in amazon.com and more titles.
2006-10-26 09:24:43 · answer #5 · answered by Bitstorm 3 · 0⤊ 0⤋
Binary trading is notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: ( http://forexsignal.kyma.info ) I definitely recommend subscribing to this site in particular. I was a bit weary of binary trading from all the bad hype they receive but this site is pretty legit. This course explain everything you need to start a very profitable trading activity. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested and a good understanding of the rules
2014-10-03 20:16:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
A great site to look at if you are looking for advice on investing is http://www.top10traders.com The site lists out which investors are doing the best and what stocks they have bought. Just click on the portfolio of the best investors and you can see the stocks they like.
This is a totally free site. You can create your own portfolio of stocks with $100,000 in 'play' money, and then watch how your stocks compare against over traders.
2006-10-26 09:52:26 · answer #7 · answered by jojo 3 · 0⤊ 0⤋
Is simply to gain at sport betting with the Zcodes System that you will find here https://tr.im/h1Rnb .
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2016-05-01 02:13:15 · answer #8 · answered by ? 3 · 0⤊ 0⤋
the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
2014-12-18 13:35:17 · answer #9 · answered by Anonymous · 0⤊ 0⤋
On this site you find all the details about my favourite binary trading software http://tradingsignal.toptips.org
I like it because it's very easy to use: NO complex charts… NO baffling analysis... NO complicated methods... in fact nothing to learn at all! Check the site... (the proof videos are interesting)
2014-09-24 09:13:44 · answer #10 · answered by Anonymous · 0⤊ 0⤋