What website can tell me about how to get started in investing?

Question

I'm young, I'm extremely ambitious, and I'm starting to want to know how to be an investor. What websites have good information about how to get started in investing, trading, etc.?

Answer 1

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're new to this!

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 like Real Money (he’s got a few).

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). And yes, you can definitely deal easily online.

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

I did a search and found these: Can't edit, so you'll need to dig out the URLs yourself.

#
Investing for Beginners
Investing for beginners gives new investors articles on the stock market, ... Your Guide to Investing for Beginners. FREE Newsletter. Sign Up Now! ...
beginnersinvest.about.com - 34k - Cached - More from this site
#
Investing 101
... investing articles, resources and lessons designed for the financial novice. ... Worldcom's Magic TrickInvesting for Beginners Glossary - ABill Gates Mugshot4 ...
beginnersinvest.about.com/od/investing101/index.htm - 22k - Cached - More from this site
#
Investing For Beginners
eInvesting.com Stock Market Game, Investing Forum - Don't invest alone. Compete for Prizes, Beginners Welcome! ... .com Forum Index " Investing For Beginners ...
www.einvesting.com/forum-8.html - 38k - Cached - More from this site

Answer 3

Hi there..

Why don't u take a look at my financial sites..

I would be so thankful if you could that a little look at my financial site by clicking here:
http://investment.esmartguy.com

If you have no interest on this topic, just ignore this message.
My english is not so good, but I hope that you can understands what I'm talking about. I'm so sorry if this email are wasting your time.

Regards,
Ismail..

Answer 4

1. This is a good website..... http://www.freedom.ws/tashi6

2. I made USD 600 plus in 6 days, I think that's quite substantial. Download this FREE ebook now and start to make money. Please check this out if you are in internet marketing. 'The Death of Internet Marketing':
http://latest-info.blogspot.com/2006/11/death-of-internet-marketing.html