I just graduated from high school last summer, and i have always wanted to earn the big bucks, I mean, who doesn't. But i dont know anything about the stock market and I would like to know what the best website is to learn about it and and maybe some usefull tip of what to do or not to do.
Thank You.
2007-03-27 13:12:58 · 6 answers · asked by Charger72 2 in Business & Finance ➔ Investing
The road to sucsessful "stock trading" is a long one filled with pit falls. At least it was from my experience. There are some good sites where you might pick up a usefull tip or two.
fool.com is one, especially the "caps" but there are other good things there also.
Before getting too involved you need to build up your knowledge base. A good begining is "investing for dummies" It has a lot of good basic stuff.
Yahoo finance site has a lot of good stuff. I go there about 5 times a day to check my portfolio to see how much money I am making. Well recently it has been loosing.
2007-03-27 13:31:07 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The one thing that worries me about your question is "big bucks". I know lots of wealty people and not one made "big bucks" in the stock market. You will not be the exception.
Be careful, owning individual stocks is playing with fire. Make sure you can afford to get burned. Stocks go down much faster than the go up.
That being said, get a good book by a notable financial person. Perhaps start with mutual funds. At your age, you can take some risks but remember, its real money.
2007-03-27 20:38:04 · answer #2 · answered by Boatman 3 · 1⤊ 0⤋
1.watch mad money on cnbc, jim cramer will give you a fairly basic explanation of the stock market if you can catch one of the introductory episodes.
2. stock trading for dummies is a fairly easy to understand book that will help you understand better.
3. start to look at websites like thestreet.com, marketwatch, or businessweek.com and learn more about companies you already know ex. (pepsi, mcdonalds, ford, or apple ect.)
4. Search for quotes of some of the companies whose products you like on yahoo finance and go to "key statistics" on the left hand side and examine this information. Things you should pay attention to as a beginer are price/earnings ratio, revenue, earnings growth, revenue growth, insider buying/selling, and cash per share.
5. If you have any more questions email be at stocksman1001@yahoo.com
2007-03-27 20:40:43 · answer #3 · answered by dmoney 2 · 1⤊ 0⤋
Open a brokerage account at Zecco and invest in the ETF QQQQ.
2007-03-27 22:27:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Checkout our website, www.rematatrading.com we are professional traders who trade for a living. We also train new traders, if your interested you can always email me as well, tlanzana@rematatrading.com
2007-03-28 14:53:34 · answer #5 · answered by phantomtrader2 2 · 0⤊ 0⤋
Try the following website:
http://howthemarketworks.com/trading/index.php?src=yahoo
2007-03-27 20:17:25 · answer #6 · answered by love_2b_curious 6 · 0⤊ 1⤋