Stocks !! I want to give it a try, but not sure how to start?

Question

I want to personally set aside a few dollars and give the stock market a try, but I have absolutely no idea how it works, or where to start? Does it have anything to do with Mutual Funds?
I want to stay away from Mutual Funds .. heard some bad rumours about them.
I know I will be buying company stocks at a low and selling them at a high. But when/how do I buy and when/how do I sell?
So yeah !! Where do I start?
Thanks.

Answer 1

Before actually investing, I would suggest spending some time paper trading stocks. Try a few different ideas and strategies.

Yahoo finance allows you to create your own portfolios so you can watch how the stocks are doing, but I would suggest something like Marketocracy or Clearstation, because they would force you to do enter your buys and sells similar to what you might need to do with a stock broker:

http://www.marketocracy.com
http://clearstation.etrade.com

Here are a couple of good book lists on Amazon:

http://www.amazon.com/gp/richpub/syltguides/fullview/2TX4A8KRCIEBB
http://www.amazon.com/Top-ten-investment-books-of-all-time/lm/R2QX9UPCQD3BFF

Answer 2

Your info about mutual funds is completely wrong. Never invest in single stocks (companies). One lawsuit or bad product and you are broke. Ask the people who lost everything in the 90's with the dot com bust.

Mutual funds are like putting your money in a savings accout that averages 10% return, while investing in stocks is like going to Vegas and playing Blackjack. Sure you can win big in Vegas, but you can lose you ***, too. Mutual funds have averaged about a 10% return on investment over the last seventy years. I have funds in my 401K that have been around since 1931, and have averaged 14% ROI over that entire period.

Mutual funds are the boring tortoise, while stocks are the hares. Remember who won the race?

If you want REAL advice about investing, go to daveramsey.com. There's too much to explain about investing here, but the first thing you need to do is a 401k if your company matches the investment. That gives you a 100% return right there. If they don't match contributions, get a Roth IRA instead.

Investing $25 a week in mutual funds from age 25 to 65 will give you $4 million at retirement. (almost guaranteed)

Answer 3

I think the best way to start investing is to first study what the best traders are buying and selling. Then hopefully you can use this knowledge to improve your investing returns. This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck!

Answer 4

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

Answer 5

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

Answer 6

Read a beginners book about stock investing.

Browse a few sites such as the Motley Fool, reading the basic education stuff.

Open an account with a discount broker. I recommend Scottrade.

Answer 7

In binary options you will have the possibility to predict the movement of various assets such as stocks, currency pairs, commodities and indices. Learn how you can make money trading binary options https://tr.im/Ist65
An option has only two outcomes (hence the name “binary” options). This is because the value of an asset can only go up or down during a given time frame. Your task will be to predict if the value of an asset with either go up or down during a certain amount of time.

Answer 8

You can't succed in binary trading without a strategy, a good method to follow and some kind of software support. They program I use is called "Autobinary signals". It helps finding loopholes for guaranteed returns. It's very easy to use and I'm earning good money. You find all the details on this site: http://tradingsignal.toptips.org

Answer 9

Here is a good page to learn investing for beginners:
http://www.best-stock-trading-systems.com/internet_stock_investing.html

Here's a page for finding a good good mutual fund to invest in:
http://www.best-stock-trading-systems.com/mutual_fund_ratings.html

If you need more help than was answered by these answers, here's a book on trading for beginners:
http://www.best-stock-trading-systems.com/trading_for_beginners_review.html

Answer 10

Dear friend, if you really want to save money then keep it in the liquid format.... keep cash or in the form of buying some government secuties. Mutual funds as well as stocks all are frauds..... if you are not aware of market trend then its better to stay awam