im a newbie in the stock market game and i want to know what is the best way for a new person to learn about how the stock market works. what books i should get and if there any websites that teach you. also what sites i should enroll with to try to do my own day trading. any help would be greatly appreciated. thanks!!
2007-03-08 11:54:11 · 5 answers · asked by jimmy s 1 in Business & Finance ➔ Investing
There are a couple good books out. One of the best for newbies is the "Dummies" series. Go to any book store and look at what is offered to learn the stock market.
I use the Motley Fool website. However, if you want to get their Stock Adviser or Rule Breakers or any of the other many reports they issue, you have to pay for a membership.
There are other websites out there. A lot of them though, you have to pay for reports. Be careful if anyone of them tells you that some stock is going to go up 300% or something.
Day trading is very risky and not for armatures. It's a lot like going to Vegas. Learn the market first before you even attempt Day Trading.
2007-03-08 12:06:32 · answer #1 · answered by Faye H 6 · 0⤊ 0⤋
Hi!
When I finished HS, I was interested in learning about the stock market. I read two excellent books on the subject:
1) The Wall Street Journal Guide to Understanding Money and Investing, Third Edition by Kenneth M. Morris and Virginia B. Morris
2) Understanding Wall Street by Jeffrey B. Little and Jeffrey Little.
Following the aforesaid books, I read a book by Peter Lynch, “One up in wall street”.
I hope this information helps. By the way, I also read The Motley Fool Investment Guide : How The Fool Beats Wall Streets Wise Men And How You Can Too, I did like it. After you read those books, I would not recommend you to start with more mathematical-oriented books.
Best wishes!
2007-03-12 06:55:26 · answer #2 · answered by Pedro R 1 · 0⤊ 0⤋
For getting to understand, you should use the market simulation video games like the moneybhai and others. once you're confident of shopping for and promoting, then you definately can start up easily procuring and promoting contained in the markets. yet be very careful because the markets are very risky at the moment and also you are able to lose a bounty finished of funds interior no time.
2016-12-05 10:40:27 · answer #3 · answered by ? 4 · 0⤊ 0⤋
forget day trading. First read Investing for Dummies or Stock Market for Dummies both by Eric Tyson.
web site: www.investing.rutgers.edu.
2007-03-08 11:58:41 · answer #4 · answered by gosh137 6 · 0⤊ 0⤋
Read some books, and then get a subscription to one of the personal finance mags.
2007-03-09 04:48:02 · answer #5 · answered by Quixotic 3 · 0⤊ 0⤋