where or how can I learn how to trade Stocks?

Answer 1

For advice on investing, I would start with "The Intelligent Investor" by Benjamin Graham. It worked for Warren Buffett. Stay away from anyone who claims they have a foolproof way to make money in the market, and don't just buy stocks because of trends in their price, or because they appear to be "cheap". The price of a share of stock has no relevance - $2 per share may be really cheap or really overpriced, depending on the number of shares outstanding and the value of the company.

As far as the mechanics of actually trading shares, you would need to open an account with a broker. There are several good online brokers I would recommend: Scottrade, eTrade, Charles Schwab are all good in my opinion.

Answer 2

In the first place, traders almost invariably lose money. Sensible investors almost invariably make money. You're about to learn everything your average person needs to know. What you want to do is buy a broad based index mutual fund. The Wilshire 5000 is the biggest. Go with that. You can buy them from Vanguard or Fidelity. There are other companies but these are the biggest and have low fees. Put a portion of your income into the fund every month. Tolerate the ups and downs. In the long run you'll end up loaded. Trying to time the market is a guessing game. You don't want to play games with your financial security.

Answer 3

A good way is to take a personal finance class at a local community college or community center. That way you can learn the basics and have the instructor to ask questions.

If you're just going to plunge headfirst, the Ameritrade website is very user-friendly. Plus the help section allows you to ask questions in sentences and searches in plain language form. Just remember to keep your account a CASH ACCOUNT until you become more savvy-you don't want to end up owing the brokerage firm lots of money.

Oh yeah, and before you buy a stock, RESEARCH the company! You don't want to invest your money in a company that's on it's way down.