Im interested in getting involved with the stock market. I would like to learn so that I can profit.
Which books are good for a beginner to read?
Also, can anyone suggest a website that will help me learn more?
2006-11-15 06:19:43 · 13 answers · asked by Melissa M 1 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 since you said that you're a beginner.
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!
2006-11-17 20:04:11 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Beginners books -
(1) The Neatest Little Guide to Stock Market Investing by Jason Kelly
(2) The Successful investor by William O'neill
(3) Analysis of Financial markets by John Murphy
Read the tutorials or education link on stockcharts.com
2006-11-16 07:01:02 · answer #2 · answered by StraightDrive 6 · 0⤊ 0⤋
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/fb19f
2015-01-25 00:39:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
can't be said enough that don't need books or websites to start investing. If were complicated few could do it. Looking for/at tem provides an excuse for not starting now which hurts you. You can right now go to schwab.com or the like & open an account. Fund it (IRA if have not done 1 this yr. No IRAs in a bank!); buy an S&P 500 index mutual fund or a global 1 or the like & get going. There is NOTHING you are going to read that is going to really help if you delay starting.
2006-11-15 09:17:17 · answer #4 · answered by vegas_iwish 5 · 0⤊ 1⤋
This may not be quite the book/answer you expected, but lookinto Rich Dad/Poor Dad by Robert Kiyosaki. Start with the first book, and then move on.. One of his books is a "Guide to Investing".
If you are still want more information on trading paper assets, look into Warren Buffet.
2006-11-15 06:29:21 · answer #5 · answered by BlankProfile 3 · 0⤊ 0⤋
The BBC has a game that deals in stocks and shares.
You play online and it's free, you buy shares in celebrities and get money depending on how much they are in the news over the week.
It's only for fun and is totally free so theres no risk so it would be a good place to practice the skills you would need to do it for real.
2006-11-15 06:26:00 · answer #6 · answered by madamspud 4 · 0⤊ 0⤋
Good for you! Check out my Amazon list of great investing books:
http://www.amazon.com/ONLY-THE-BEST-Stock-Market-Investing-Books/lm/R5DVC6XMKXTJM/ref=cm_lm_byauthor_title_full/104-9686409-8633557
For Websites, I recommend Morningstar
http://www.morningstar.com/
Yahoo! Finance
http://finance.yahoo.com/
Motley Fool
http://www.fool.com/
2006-11-15 06:38:36 · answer #7 · answered by Yardbird 5 · 0⤊ 0⤋
"Reminiscences of a stock operator" by Edwin Lefevre.
By the way, no book is gonna teach you how to become successful in the market.
2006-11-15 07:12:29 · answer #8 · answered by Alex 4 · 0⤊ 0⤋
anything from the Motley Fool is great, i have read 3 of their books and would recommend them to anyone anyone who is interested in starting to invest. they also have a website.. www.fool.com
2006-11-15 07:43:02 · answer #9 · answered by bdfaulkner 2 · 0⤊ 0⤋
This book sounds perfect for you:
http://www.best-stock-trading-systems.com/trading_for_beginners_review.html
2006-11-16 19:29:28 · answer #10 · answered by Anonymous · 0⤊ 0⤋