does anyone know any good books, programs, or anything that could help me learn about trading stocks. i want to get into it but i know nothing abou it.
2007-02-14 14:42:09 · 10 answers · asked by bob.meindl 1 in Business & Finance ➔ Investing
I got good info there : http://index-go.com/finance-stock-market-guide.asp
2007-02-14 16:21:05 · answer #1 · answered by carlos 5 · 0⤊ 0⤋
THere a numerous articles, magazines, books available...but remember there is now a minimal for day trading $25,000
and should really know the stock or investment -- prior to any purchasing.... Day trading is not for one that can not afford to lose their investment.
2007-02-15 02:07:24 · answer #2 · answered by laliquebarry 2 · 0⤊ 0⤋
Per above answers - DO NOT DAY TRADE.
Daily fluctuations mean nothing and are impossible to predict, no matter what any book or promo tells you.
Other than that, www.motleyfool.com has some good, simply-written articles and resources.
2007-02-14 23:43:00 · answer #3 · answered by Traveler 1 · 0⤊ 0⤋
Stay away from day trading, you are guaranteed to lose your money.
read books on Financial statement analysis, and find out how stocks are really valued. There is so much to learn to invest successfully. And if you want an expensive education, start investing before you know what your doing.
2007-02-14 22:46:21 · answer #4 · answered by bob shark 7 · 2⤊ 1⤋
This is what you need to know about daytrading stocks.
DONT
DONT
A thousand times DO NOT DO THIS!
Day trading is about appealing to your ego. The companies tell you that if you just buy their book/program/semminar/tapes/CD Set etc. you can "trade like the pros".
Well guess what... you can't. That's why THEY call them "pros".
(Heck half the time the pros don't know what they are doing. Did you know that most mutual funds UNDERperform the market? That's one reason why stock index funds are so popular. They are cheap and do better than most money managers.)
The Pros have years of training. College, post graduate, in house training, mentorship, years of experience on the street, access to large and expensive in house research departments, assistants to do the grunt work for them, etc. They understand things like political and weather related risks better than non-pros do... because they either are or employ experts to tell them what the political and weather related risks are.
Markets are complex. Short term markets are volitale. Add the two together and you have a very difficult game. Exampe: The world oil price can go up or down depending on what happens in Nigeria with the rebels and the pipelines. How much do you know about that situation? One guy blows up the right pipe in Nigeria on any given day, the oil price could swing quite a bit. You prepared to handle that sort of risk? How does the Indian jewelry market effect world gold prices? What does the price of tortillias in Mexico have to do with American Energy policy? (Clue, the corn that goes into the ethanol programs (enacted to please voters in the Iowa Caucuses) is taken off the grain market. this drives up corn prices. This drives up tortilla prices in Mexico. Poor people are starting to go hungry down there. There have been protest marches. If it gets bad enough we might have to change from corn to switch grass in our ethanol program. That will effect companies that have invested heavily in corn. Know which ones they are?)
Pros have research departments and consultants to help handle these things. Do you?
You have.... a set of tapes and your cable modem.
Just watch CNBC. Look at the guys on FAST MONEY. Look at Jim Kramer. Google up their bios. You're going to consistantly outwit and outperform people like this? From the comfort of your basment?
Which of these two are you going to put your money on?
Well, as Daymon Runyan once said "The race is not always to the swift, nor the battle to the strong... but that's sure the way to bet."
Even if you do get lucky (as statistically you will) and you make money on a few trades, you will all to often see it eaten up in transaction costs.
You want to invest? That's great. Go find Dave Ramsey's work (Google him) or read Jim Kramer's book on how to INVEST. (NOT daytrade, but INVEST).
But one word on day trading..
DON'T
2007-02-14 23:07:37 · answer #5 · answered by Larry R 6 · 3⤊ 1⤋
dude the way you cant learn swimming from literature or on papers... THE same very way you cant learn trading by just reading...
You have to get down to a real-time simulator or a demo..
you can mail me at kgirishraman@yahoo.com if you would like to learn how to day trade US stock markets(NYSE)..
http://us.geocities.com/kgirishraman/index.html
Girish
2007-02-16 05:39:36 · answer #6 · answered by kgirishraman 3 · 0⤊ 0⤋
Day trading is very risky.If you are ready face the risk, you enter the market very carefully. In day trading you can only earn very few profit.
2007-02-17 05:07:36 · answer #7 · answered by sindhukannankattil 2 · 0⤊ 1⤋
I would suggest you to check the website http://money-review-site.com/shares.html
to learn more on stock trading and how to select the best stocks.
Hope it helps
http://money-review-site.com/shares.html
2007-02-14 23:39:57 · answer #8 · answered by Diana 1 · 0⤊ 0⤋
trading right
2007-02-14 22:44:38 · answer #9 · answered by TZ 2 · 0⤊ 0⤋
You are aware you need a minimum of $25,000.00 USD to daytrade by law, right?
2007-02-14 22:47:03 · answer #10 · answered by Anonymous · 0⤊ 2⤋