2006-11-09 04:28:39 · 9 answers · asked by Anonymous in Business & Finance ➔ Investing
Congratulations on getting started. It’ll help you more than you know!
How to invest depends on what you already know. We'll assume that you're beginning.
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. 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.
Do a quick search (at the top of the page) on ROTH IRAs. You’ll want to put some money in there.
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 slow, then as you figure things out, move out of mutual funds into ETFs and/or stocks.
Congrats again on getting started. If you have any questions, please let me know.
Hope this helps!
2006-11-09 18:25:55 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Reading books to gain knowledge in stocks is good. However, stock market is not that simple. Why not practice your investing skills before investing your hard earned money? A great site to look at if you are new to 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 other traders. It is a great way to learn about investing (and you don't have to risk losing any money).
Good luck !
2006-11-09 04:57:24 · answer #2 · answered by jojo 3 · 0⤊ 0⤋
Here are a couple of good books:
Common Stocks and Uncommon Profits, Philip A. Fisher and Kenneth L. Fisher
Sane Investing in an Insane World, James Cramer
2006-11-09 05:06:19 · answer #3 · answered by howardrourke 3 · 0⤊ 0⤋
Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/d0306
It's probably the best way to learn how to win with binary option
2015-01-24 09:58:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The Motley Fool's guides to online investing are a good start, also anything by Warren Buffet - obviously...try www.iii.co.uk and motley fool website too for up-to-date info on the ftse 100 and ftse 250. Also, from personal experience, a good time to buy shares is in August when everyone is on holiday, and then sell nearer the end of the year when the stocks recover somewhat....
2006-11-11 03:05:04 · answer #5 · answered by ticket2ride 2 · 0⤊ 0⤋
The secret word of trading success is "organized". You can't be successful without a strategy, a plan and some kind of technological support. I use a software called "autobinary signals" that is helping me a lot. There are plenty of them on the market. I recommend this one because it's very easy to use (you don't have to be an expert or have special skills to make money with it).
Check it out here. It's worth it: http://tradingsignal.toptips.org
2014-09-24 09:18:18 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I'm sure there is a book called "Stock Market for Dummies" at Barnes and Noble. Good luck!
2006-11-09 04:31:23 · answer #7 · answered by Anonymous · 0⤊ 0⤋
The Montley Fool
I started there 4 years ago and it gave me great knowledge. These guys put together alot of knowledge of some of the great masters of the stock market.
Go to www. fool.com
2006-11-09 09:26:18 · answer #8 · answered by bdfaulkner 2 · 0⤊ 0⤋
playboy
2006-11-09 04:30:20 · answer #9 · answered by Anonymous · 0⤊ 1⤋