well my brother and i want to start stock trading and have done alot of research but not downt know where to start trading....i checked out zecco if anyone has any suggestions that would be nice
2006-11-28 15:05:20 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
The first thing you need to do is read, a lot. I read a book by Wade Cook before I got started. I wish I had read many more books as I had to learn the hard way, with money, the ins and outs of the stock market. Read Jim Cramer's book. I'm reading it now and I wish I had it 4 years ago.
After you've done your research, which you find out is only the beginning, open an account at any of the online brokerages. I use TDAmeritrade, but I think I might check out Schwab.
After you buy your first stock, you will find out how much you really have to read in order to be successful.
If you just want a few of the ins and outs that I've picked up, check out my 360. I've been trading for 4 years and this year went full time.
Good luck!
2006-11-28 16:14:41 · answer #1 · answered by JustJake 5 · 0⤊ 0⤋
Any on line broker would be a great start like TD Ameritrade or E-Trade. Once you get account you should try to create a portfolio of at least 5 stocks all in different sectors to stay diversified. Make sure you never buy all at once. Buy over time and make sure you keep up on the research of your companies with at least one hour per a week. GOOD LUCK!!!
2006-11-28 23:13:33 · answer #2 · answered by Michael F 2 · 1⤊ 0⤋
Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.
http://investing.sitesled.com/
I am sure that you can get your answers in this website.
Good Luck and Best Wishes!
2006-11-29 05:36:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
depending on your age choose a blue chip stock or a mutual fund like Vanguard however if you are older better stay with guaranteed CD's
vanguard has a fund 60% stocks and 40% bonds (Life straetgy fund) where u cant loose one and no fees!
2006-11-28 23:32:03 · answer #4 · answered by ekleinert 3 · 0⤊ 2⤋