Start by reading the book "Understanding Wall Street" and take some stock market investing courses at your local community schools, which are very inexpensive. Then start by opening up an account at a brokerage firm like Etrade. You will need to continue expanding your knowledge on stocks and with time & experience you can become a successful trader.
2006-12-08 07:01:28
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answer #1
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answered by Anonymous
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2016-12-24 03:50:17
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answer #2
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answered by Anonymous
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Try investing in a mutual fund. This is a cheap way to get into the market. I recommend a value fund to start.
Value funds buy stocks of companies that have a good value. They have more consistent earnings than growth or international funds. Look for a good quality value fund and you will learn alot about the stock market if you pay attention to the movements of the fund. Good Luck!
2006-12-08 07:11:07
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answer #3
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answered by MR MONEY 3
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I think the best way to start investing is to first see what the best traders are buying and selling and why. 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
Hope this helps.
2006-12-08 13:10:05
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answer #4
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answered by Anonymous
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While this subject may seem trivial to most experienced investors, I often hear people asking what they need to do in order to start trading stocks. If you are new to the stock market or are just wondering how to get started, here is what you will need to do: read more at the link below.
2006-12-08 08:44:02
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answer #5
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answered by Anonymous
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This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/z1EXT
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.
2016-02-16 19:11:55
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answer #6
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answered by Sharie 3
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The stock market is simple. Stocks are partial ownership shares in a company. In essence, if the company grows or makes profits, the stock price goes up. If it shrinks or loses money, the stock prices goes down. This is a very simplified analysis, but good enough for a beginner.
You make money by buying stocks low and selling high (known as value investing) or buying stocks high and selling higher (known as growth or momentum investing, depending on the situation). That's all.
A bull market is when most stocks are rising. 1998-2000 was a huge bull market. A bear market is when most stocks are dropping. 2001-2002 was a brutal bear market. Currently, since the end of 2003, we are in a bull market.
Fundamental analysis is examining the income statement, balance sheet, etc., of a company to figure out whether it's going to grow or not.
Technical analysis looks at the price and volume of a stock to predict whether it's going to go up or not.
To get started, you should not invest any money. Go to Yahoo finance or any website that doesn't sell financial advice and research companies you're interested in.
I do advise, though, if you're young, to quickly open a brokerage account (a really cheap, but good one is MBTrading.com) with the minimum of about $2,000, and buy a few shares. That will force you to concentrate and research, and most importantly, will teach you emotional control and discipline, which is in my opinion the most important ingredient to stock market success.
To open a brokerage account, you just click on the website to open an account, fill out the application, mail it in, and then fund your account with either a check, money order, wire transfer, etc. (but no cash) You download the trading software, and then buy and sell on it.
Avoid tips, newsletters, e-mails, and penny stocks. Do your own research, and slowly build up your portfolio (the set of stocks that you own). You can test different investing styles (long-term value, for example, short-term momentum trading, or, God forbid, day trading - the most profitable but dangerous of them all), and see which one fits your personality, situation, and goals the best.
The best advice I can give is to think long-term. Eventually, given enough time (although this could take 20 years - the stock market during the Great Depression of the 1930s only reached its previous level in the 1950s), you are almost guaranteed to make at least some money in the stock market. If you play short-term with no strategy and no emotional control, as I did when I started, you are guaranteed to lose money.
Basically, if you never give up, someday, eventually, you will learn to make good, or even great, money. Investing is like poker - the pros make it look easy, and it kind of is to them, but it mostly only looks that way to beginners.
Lastly, under no circumstances should you think it's an easy way to make lots of money. It looks that way, but it's not, at least until you master it.
2006-12-09 08:15:23
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answer #7
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answered by Anonymous
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Lucrative opportunities are myriad in today’s times. It all depends on which field you choose and how you grab them. The Indian stock market has been considered one of the most lucrative platforms for making money. Thousands of Indian stocks listed in the NSE of India and BSE of India, the two principal courses, are traded every day. Investors categorize the Indian stocks into short term and long term. While both the categories involve risks, it requires more of your dedicated time and efforts in the short-term investment options. Keeping a tab and consistently evaluating the investments, staying in touch with every change that happens related to your stocks does make sense. You will then know whether you are moving towards the profitable direction or whether your investments won’t yield returns.
Opportunities though available in the Indian stock market cannot be perceived by all. It is the knowledgeable, wise, and those who have gained expertise who do perceive them and utilize them to their advantage. Keeping track of the value of the Indian stocks to determine whether they are secure or not should also be taken into consideration...............
Click the link to know more......
http://bigprofitapp.com/2017/03/opportunities-indian-stock-market-complexities-involved/
2017-04-03 00:49:35
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answer #8
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answered by Tarun 1
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2017-02-28 16:44:29
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answer #9
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answered by ? 3
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2017-02-09 19:34:56
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answer #10
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answered by ? 4
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