How do you start making money on the stock market? ANy advice for a total dummy would be much appreciated!?

Answer 1

Do lots of research and be comfortable owning the company you invest in for a long period of time. If the stock goes down, you will be comfortable with it and hold it until it returns. If you do not have a lot of money, I would recommend ETF's or a mutual fund so you will have less rick and more diversification

Answer 2

The main problem of almost every trader is the thoughts that trading is game or it's easy money. Before profitable trading you should learn a lot about this field. So, even don't try to trade with real money. You can learn how to make real money from this course ( http://forexsignal.kyma.info ) Second, you should choose the right broker. There are some brokers that plays against their own clients. So, your main goal - find good broker. Third, yo can generate more profits with automated trading software. As you maybe know, there is a lot of different scammers on trading market so it will be hard to find really profitable trading system. That strategy brings me a lot of money every month, all thanks to the course that I posted above. Hope you will follow my recommendations, bye!

Answer 3

You have been given good answers or I can say guidance already by other friends but just wanted to add a few. On top of using the given investor's sites you need to monitor the daily share price trend of the companies you need to buy and sell shares from. The behaviour of the trend within the week to two weeks will assist you to predict /determine the share values of a company with the assistance of the stock broker ofcourse. You need to have a good amount of capital to start up with for you to make profits or good returns. You also need to be a high risk taker because the game is very risky but also very rewarding. Remember the higher the risk, the greater the returns so it pays. You can be buying and selling shares on the stock exchange market daily if you want provided that you sell out shares whose prices have gone up and hold on to shares whose prices have gone down (that is you compare your cost price of the shares acquired against prices offered on the market for the same shares of your company) Goodluck and do it

Answer 4

Read "The Little Book that Beats the Market" - this is a very helpful book for learning the fundamentals of investing. Then it might help to see what the best investors are buying and selling. You can find this information 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 5

I would recommend reading the Motley Fool website and, in particular their book "The UK Investment Guide", there's a US equivalent too if that's where you live.

I read the book and it really helped me sort out my finances as it starts with a discussion of where you should be financially before you even get started with investing in stocks and shares.

Their first step is to start with a Stocks and Shares ISA (Index Tracking) and then take it from there.

Highly recommended book, easy to read and entertaining at the same time is being full of essential information.

Good luck and happy investing!

Answer 6

Gambling for Dummies would do.

If you dont read 3 newspapers every day and gathered lots of knowledge the last 3-5 years, you will probably loose all your money.

Answer 7

UK?
You can buy shares from your high street bank. If you are a novice stick with safe shares, these are called 'blue chip' and are usually internationally known. I had a friend who had 13k to invest in February and I told him to play safe and put the money in Tesco. They are worth 16.5K today up 34%, not very exciting maybe but better than the return he was getting on deposit.

Answer 8

Start reading:

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

Then go to website www.profitunity.com and order home study course. If you would have possibility then try to get education in their office. You’ll see how easy you could become successful trader and how easy is trading using his guidance and software.

If you learn everything in the range I have indicated I'm sure you become successful trader or investor.

If you decide to start your own forex or shares trading? I could introduce you to one brokerage company in Austria that allows to trade from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available; spread from 1 pip. If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years.

Good luck!

Answer 9

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 10

MSN has a pretty good idea of what you need:
http://moneycentral.msn.com/beginnerguide.asp?page=introduction
It'll also direct you to some sites to investigate fund and stock strategies.