what is the best way to get into stocks?how much do i need to start?

Answer 1

Take all the time you need in practice trading on paper.

Then put together a training plain on paper for lets say three months. Any paper trade from that method.

Then look at your results to determine what if anything needs to be chage before you put really money out their that you can not afford to loss.

1) Let me put this qustion to you can you put the money in a trade for 10 years or more any leave it alone?


2) Can you take time in the evening for about 20min aftet the stock markets closes to review a stock?

You response will determine what we be you next step.

In you are a shor term trading say intraday, daily, weekly or less then 10 years. Then you need to follow the rule before you place any trade.

1st determine your price to buy the stck.
2nd determine the target price to exit the trade for your profit.
3rd determine your stop loss to ext the trade in the stock goes in the othe direction.

Never change these after you place a trade

If you do not follow these rules every time before you place a trade you will loos more then money.

I can reffer you stock workshops less then $10 to get top notch info.

Answer 2

I think the most you need for a Scottrade account is $500. But it could be less.

The best way to find stock ideas, is to see what the best investors are buying and selling at 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. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.

Here are this month's best traders:

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

Good luck.

Answer 3

Trading stocks is as simple as signing up with an online broker like www.optionsxpress.com with a startup sum of as low as $2000. However, you only do that if you are sick and tired of owning that $2000 and is dying to get rid of them somehow.

Investing or trading the stock markets starts from adequate investment and trading knowledge. There are quite a number of things you need to learn before you can even start thinking of the stock markets ...

1. You need to understand how the stock market works and what it is exactly about.

2. You need to know what are the different styles of trading in stocks and shares.

3. You need to read about why so many people lose their shirts in the stock markets so that you can avoid their mistakes and also decide if this is a risk you want to take.

For all these issues and more, you can read about them from some of the articles that I wrote at http://www.mastersoequity.com/articles.htm

After you are adequately armed with the basic concepts and ideas, you need to know how to find profitable stocks to trade or invest in. You can do that the easy way by subscribing to stock pick services (example http://www.stockpickmaster.com ) or you can learn to use charting tools and softwares to find stocks with parameters that you can pre-define. (example http://www.worden.com )

All in all, investment and trading is a lifelong education and non stop learning. No one is ever done learning and catching up with changes in the markets.

If you care to read about how I went from completely broke to retired millionaire trading stocks and options by 28 years old, you can go to http://www.mastersoequity.com/

Remember, the slogan "Just Do It", Just won't do for the stock markets. If profiting in the stock markets is as simple as buying a single stock , then why are so many people still poor?

After you have all the above mentioned knowledge, you need to ask the following golden questions before you can decide whether a stock is worth buying or not :

1. Why are you of the opinion that this stock will rise?

2. Is your opinion valid in the first place?

3. When are you expecting it to rise? Can you hold on for that period of time or longer?

4. What is your expected entry price? After what price would your expected profit margin be too thin to enter upon?

5. Where is your expected stop loss point? What is your stop loss point based on? Where will you tell yourself that it is time to take a loss and get out?

6. Where is your expected profit taking point? What is your profit taking point based on?

7. Does the way you are buying the stock allow you to hold on until your expected profit taking point?

8. How much of your money should you dedicate to this one trade?

9. What is the level of primary, secondary and idiosyncratic risk you are undertaking when deciding how much of your fund to use?

10. What is your cashflow need? Does your cashflow needs allow you to hold the full lifetime of the stock?

After you are able to answer all these questions confidently, THEN you are ready to... PAPER TRADE your stock strategy. Yes, even at this point, you are NOT READY to trade for real. You should trade on PAPER for at least 6 months and become consistently successful BEFORE you take your stock strategy into real life.

Then.. you are ready to start... but there is still no guarantee of success as paper trading is very different from real trading. You will need another maybe 1 year or 2 trading very little money and be consistently successful BEFORE you are ready to increase your stakes.


So, as you can see, success in the stock markets is not easy at all the the less knowledge you have, the more risk you undertake. I lost hundreds of thousands in the stock markets before I become successful.

Take heed and good luck.




http://www.mastersoequity.com

http://www.optiontradingpedia.com




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Answer 4

go into a discount brokerage account and put in $1000 to start..then add a small amount per month and commit to it. Then buy low and sell high

Answer 5

start off with celery then move your way up.