How do I buy stocks?

Question

I want to buy stocks but I have no clue what to do, I'm just trying to make money on the side with stocks. Where do I buy stocks? I really know nothing about the stock market.

Answer 1

Now is not a good time to invest in stocks. Instead of stocks, you should try prosper.com. But only invest in loans with a credit rating of C or better and a DIT of less than 20%. I have had tremendous success with Prosper. Most of the loans I've funded have at least a 10% - 18% return. A lot better than any CD and safer than the stock market! Good Luck!

Check out this article from the NY Times.
http://www.nytimes.com/2006/02/13/technology/13ecom.html?ex=1297486800&en=a0ac72b7453152ab&ei=5090

Answer 2

Many people make a living working from home trading stocks. You could start with as little as $500. I suggest you go to www.scottrade.com or www.tradeking.com. Follow the instructions and open an account and deposit whatever money you want. After that go to finance.yahoo.com and read up on some investing 101, stocks 101.

That will give you a good starting point and you may even be able to start trading within a week. Keep in mind some people make in excess of $100,000 each year by investing. But don't get greedy let experience be your guide.

Good luck.

Answer 3

The best way is to learn about the stock market first. I have recommended everybody to read the book, "Understanding Wall Street", which gives you a basic knowledge on how the stock market works. I suggest you take some classes in stock investing at your local community schools, which are very inexpensive and will give you basic knowledge of trading. Learn about Technical Analysis, very important, before you invest. There is great information on stockcharts.com, charts, tech analysis, Murphy's law, etc...Once you get your feet wet, take classes with a professional trader (more expensive), but worth it.

You can open an account with Etrade, Scottrade, Ameritrade and so on. I prefer and use Etrade.

Stock market trading is just like any business, you need to have knowledge, patience, a strategy/plan, become a good money manger, and cut losses very short. If you do enjoy the process then you have a passion for it and you will become successful with time.

Good luck.

Answer 4

If you really don't know, you shouldn't be buying stocks. Instead, you should start investing in a good no-load mutual fund and adding to it as you can. Ideally you want to put the money into a Roth IRA.

If you really want to start with stocks, you should make sure you have enough to make it worth it. You'll need about $25k in cash.

Good luck!

http://www.personalfinance101.org/?utm_source=YH&utm_medium=link

Answer 5

CONTACT TO YOUR NEAREST STOCK BROKING POINT OR OFFICE,

There they will help you,

You need to satisfy certain formalities,

It depends upon the region(Country) in which you are living.

Not to worry, Yu too can buy stocks,

Wish you GOOD LUCK.

Answer 6

Open an a/c with www.tdameritrade.com, send them a check. Once money is deposited, you can buy and sell stock thro' them.

Answer 7

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 8

Open a brokerage account at TD Ameritrade and then drop me a line if you need more FREE financial help.

Answer 9

make sure smelly ones ,,,,