with some sdvie from one you, I opened up one of those fantasy portfolios on top10traders.com. I was wondering how do you read quotes and I was also looking for the sybol for zuffa, the company that owns UFC and Pride. Do they even have one available?
2007-05-14 09:35:51 · 4 answers · asked by Ryan Silva 2 in Business & Finance ➔ Investing
Ok, it sounds like you need a few more basics. Start with investopedia and look at stock quotes.
Meanwhile, here's some advice on how to start learning about investing.
Your first dollars should be spent on getting educated on investing. You don't have to train to trade them professionally, but we are talking about your future here. So the more you learn, the more it'll help you! So let's start there.
You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks!
How to invest depends on what you already know. We'll assume that you're beginning since you say you've got no clue!
A good primer is How to Make Money in Stocks by William O'Neil. You can get it cheap just about anywhere. It’s widely available new or used.
Another good one is one of Jim Cramer's books like Real Money (he’s got a few).
But books will only get you so far. At some point, you'll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com are both very good companies as is tmitchell.com
For free, you can start by visiting thestreet.com and investopedia.com. That'll get you a pretty good primer so at least you'll understand what the markets are and what a stock is, etc.
If you get a chance, watch Mad Money on CNBC. Don't trade any of his picks until you track many of them over time. Just use the show to get you to understand some basics and get a feel for the market itself.
Next, subscribe to something like Investorsbusiness daily or something like that that can help you identify good stocks.
Once you understand stocks, go to 888options.com. It's a website that'll help you understand options (what they do, how they work, etc). You don't need to trade them, but the more you know, the more you'll see how options can really be the safest way to invest (once you're educated).
For discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter
I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin. Take your time, and let it seep in.
As you get up to speed, you should papertrade to practice (highly recommended). This should help reduce your losses in the beginning as you get used to buying/selling.
You can practice for free on almost any reputable broker site (optionsxpress, scottrade, thinkorswim, etc). And yes, you can definitely deal easily online.
Start slow, then as you figure things out, you can buy more shares.
Congrats again on getting started. If you have any questions, please let me know.
Hope this helps!
2007-05-18 08:32:32 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
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2014-10-11 23:10:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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2015-01-27 03:53:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
zuffa, does not show up on nasdaq nor nyse, if your new to stock investing this link may have info you can use http://stock-investing-info.com/
2007-05-14 09:47:15 · answer #4 · answered by SMEAC 4 · 0⤊ 0⤋