2006-12-26 04:24:59 · 6 answers · asked by roz c 1 in Business & Finance ➔ Investing
If you are in the US, I recommend scottrade.com for novices due to low commissions and ease of use. However, if you really new to this, I recommend investing, not trading. And, I recommend investing using mutual funds or etf's until you learn how to do it. Also, never invest money you don't mind losing.
2006-12-26 06:12:32 · answer #1 · answered by Ryan W 2 · 0⤊ 1⤋
First, find a discount broker with very low commission rates and be sure you have much more than the minimum required to open an account. Stocks normally sell in round lots of 100 (or there's a penalty or your order just won't be filled), so you'll need say $5000 to be able to buy a few different stocks.
Do lots of homework to pick the right ones.
Or, you could find a couple of exchange traded funds (ETFs). ETFs trade like stocks, but are in fact baskets of stocks in different industries or countries. You get your diversification indirectly.
For your homework, I haven't found a better all-purpose site than Yahoo! Finance.
If you are interested in Canadian stocks, try...
http://tsx.profitrend.com
...for an interesting investment approach based on trends.
And, finally, remember that you're putting your money at risk! Don't be surprised if you take some losses before you finally start making money.
2006-12-26 05:47:39 · answer #2 · answered by curious 1 · 0⤊ 0⤋
If all you have if $1,000 for the stock market then I suggest you forget about it for now. Try to study the market, read stuff, and invest virtually, ie without money but by picking shares that you believe are good. This way you will become better in a couple of years or so. Meanwhile put together more money so you can diversify into at least 5 companies. The stock market is not a game!
2016-05-23 07:59:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Firstly you should open account with brokerage company.
Then deposit money and start trading.
If you don't have enaugh trading skills then following books would be useful:
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;
Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;
Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;
Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams
If you don't know brokerage company I could introduce you to one brokerage company in Austria that allows to trade from the same account as cfd on shares as metals, commodities and currency pairs (forex). If you open account under my referral i provide you for free with my trading techniques.
If you are interesting then please pm or e-mail me (press on my name) and I provide you with further details.
Good luck!
2006-12-26 22:42:47 · answer #4 · answered by VP 3 · 0⤊ 0⤋
Go to Sharebuilder.com! It's the easiest to buy/sell stocks!
It's only $4 to buy stocks!
2006-12-26 10:41:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋
JOIN IN AN INDIAN ONLINE TRADING WEBSITE TO TRADE IN INDIA, ICICIDIRECT/HDFCSEC etc
2006-12-28 02:16:35 · answer #6 · answered by udayashanker k 3 · 0⤊ 0⤋