First of all, you never "PLAY" the stock markets. You either "TRADE" or "INVEST" in the stock markets. This may be just a change of words but a very important one that governs the way you approach this serious matter deep in your mind. People who frequently use the word "play the stock markets" usually find themselves broke in no time and people like me who use the word "invest in the stock markets" tend to last a very long time.
Ok, getting down to business. Technically, it is extremely simple with today's information era to invest or trade stocks and shares. You simply need to open a trading account, fund that account, buy a stock and sell it later at a higher price for a profit. Simple?
Well, that simplicity is exactly the sheep skin that hides the wolf beneath. That is exactly the expressway to wasting a lot of money.
Investing or trading the stock markets never start from opening a trading account... it starts from adequate investment and trading knowledge. There are quite a number of things you need to learn before you can even start thinking of the stock markets ...
1. You need to understand how the stock market works and what it is exactly about.
2. You need to know what are the different styles of trading in stocks and shares.
3. You need to read about why so many people lose their shirts in the stock markets so that you can avoid their mistakes and also decide if this is a risk you want to take.
For all these issues and more, you can read about them from some of the articles that I wrote at http://www.mastersoequity.com/articles.htm
After you are adequately armed with the basic concepts and ideas, you need to know how to find profitable stocks to trade or invest in. You can do that the easy way by subscribing to stock pick services (example http://www.stockpickmaster.com ) or you can learn to use charting tools and softwares to find stocks with parameters that you can pre-define. (example http://www.worden.com )
All in all, investment and trading is a lifelong education and non stop learning. No one is ever done learning and catching up with changes in the markets.
If you care to read about how I went from completely broke to retired millionaire trading stocks and options by 28 years old, you can go to http://www.mastersoequity.com/
Hope these information helps.
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2006-10-31 00:50:00
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answer #1
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answered by Anonymous
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Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/4ed13
2015-01-25 00:34:29
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answer #2
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answered by Anonymous
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If you dont know anything about stocks start w/ mutual funds. A pro will invest in stocks for you. when you know a little more open a brokerage acct. and then buy stocks that have been around a long time have good management, for staying power before buying risky stocks like penny stocks.
2006-10-30 22:22:02
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answer #3
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answered by uknowme 6
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Visit www.pathfindertrading.com
It is the most accurate stock picking service I have ever seen.
2006-10-30 22:41:47
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answer #4
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answered by Anonymous
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