2007-02-22 14:39:31 · 8 answers · asked by nobody 2 in Business & Finance ➔ Investing
You can’t. However, there are things you can do!
Your question reminded me of something I recently read. Let me start by quoting John Carter,
"Trading is the most deceptive profession in the world. Do you know anyone who has recently walked into an airport, jumped into the cockpit of a jumbo jetloaded with passengers, and taken off down the runway without any prior training? Yet people will routinely open an account and start trading witout any guidance whatsoever. And that is equally insane."
You can certainly trade and lose as much as you want, but I wouldn't recommend it.
Use your time to continue to learn. Buy "How to make money in stocks in good times and bad" by William O'Neill. And read it for the basics.
You might start with a firm like investools.com or one of the other educational firms. They can really help you protect your money and help it grow.
If you need to put the money somewhere for now. Perhaps you can buy a couple of ETFs (similar to indexes) like the QQQQ's (Nasdaq) or DIA (Diamonds = DOW). That way you'd at least be mirroring the market. That'll neutralize you in the fact that at least you'd be performing as well as the market to start.
And THAT should buy you enough time to better learn how to make money!
Let me know if you have any questions.
2007-02-26 11:14:58 · answer #1 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
NO!!!!!!
From a retired, but still active broker of 30 years. There is no magic in trading stocks, and a ton of mystery. The only way to learn the markets is over time, and study, just like most things. There are some good 'tools' to assist you. But do not go out and buy into a 'program' or software that promises easy and sure profits, those don't exist.
Even the best programs will only help a knowledgeable investor/trader. And only to the extent of their own capabilities.
2007-02-22 14:59:34 · answer #2 · answered by Blitzpup 5 · 0⤊ 1⤋
properly, the two are gambles, so the question is what's the quickest to get a effect. A on line casino is, via fact the pull of a slot gadget guard, the spin of a roulette wheel, or a hand of blackjack is amazingly speedy. With day paying for and merchandising, once you purchase some shares and pay a cost, it ought to take a little time for the inventory to variety adequate just to cover the fee, if it does that. which you're able to be waiting all day. the excellent thank you to make money is to invest for the long haul.
2016-11-25 01:11:37 · answer #3 · answered by ? 4 · 0⤊ 0⤋
One good way to train on actual data is tradertrainer.com. This site lets you trade on a 120 day run for a stock then ranks you against the other people who have done that run.
2007-02-22 16:32:47 · answer #4 · answered by Charles C 2 · 0⤊ 0⤋
It's difficult to learn how to trade stocks quickly & easily (it can take a couple of months to grasp the basics), but the closest you'll get is the excellent Investing section on Fool.com http://www.fool.com/investing.htm
2007-02-22 15:41:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Don't and you can't.
There is no fast and easy way. Period.
To even to begin to understand stocks you need at least a MS in Finance...or an MSAE specializing in Financial Econometrics.
So thats 6 years of college, 4 getting your BS in Finance and then two more getting your MS. CFA is optional but the salary jump is worth it after a few years.
2007-02-22 15:24:42 · answer #6 · answered by jw 4 · 0⤊ 1⤋
Go to www.investors.com. Click on the "How To Invest" link. Read the easy-to-follow lessons on reading stock charts, buying at the proper time and selling at the proper time. Good luck!
2007-02-22 14:47:15 · answer #7 · answered by rasnasrani 1 · 0⤊ 1⤋
There is a really good tutorial set on zacks.com. Don't get sucked into they hype about their premium services, but if you get some of their newsletters they have some decent leads sometimes and you can practice on their portfolio or Challenge links.
2007-02-22 14:47:51 · answer #8 · answered by Rabbit 7 · 0⤊ 1⤋