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 in the long run! 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!
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 12:03:16
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answer #1
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answered by Yada Yada Yada 7
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I 2nd DIEGO's advice. make investments a number of your income training. no longer lots, yet some (approximately 10% of that or $500). i might propose you examine a number of Robert Kiyosaki's investment articles on Yahoo! Finance. training is the ideal investment for every person, rather of only listening to different persons's advice, understand why an investment is a sturdy investment. which will assist you to get a head-initiate, and not be swindled by using 'get-rich-speedy' schemes. efficient making an investment is like discovering the thank you to experience a bike. you won't be in a position to income it by using examining a e book, or by using listening to a lecture, yet by using certainly getting on the motorcycle and driving it.
2016-12-17 13:34:51
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answer #2
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answered by Anonymous
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You can make too much money with Binary Options and you have to ways for that: learning to do very well or as you can see clicking the link below: ( http://forexsignal.kyma.info ) The most important thing is that if you have the right programs and you study the right stuff you WILL success in this buisness! This course explain everything you need to start a very profitable trading activity.
2014-10-07 05:50:07
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answer #3
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answered by Anonymous
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The Vice Fund (NASDAQ:VICEX)
2007-05-15 12:14:58
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answer #4
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answered by Anonymous
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The answer is naturally "depends", you may want to look into mutual funds (get instant diversification and a better then CD return) until you build up enough of a seed to really do some investing.
2007-05-15 07:54:29
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answer #5
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answered by DoorWay 3
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If you would like to achieve a little bit better return you should check into prosper.com. You can invest your money in borrowers who are trying to consolidate their debt. If you only lend $50 per borrower you can spread your risk over many many individuals. It is very easy to achieve 8 to 10% ROI. Not too exciting but certainly better than what the banks are offering. And you'll be helping hard working people. I have a group on Prosper called The Debt Terminators and I help people get out of debt and generate quality loans for lenders at the same time. If anyone interested in joining please email me: awesthof@yahoo.com.
Most will tell you it is wise to "diversify". If you don't know much about investing, then diversification is a good idea. Don't put all your eggs in one basket. Seek the advice of a professional, but make sure your professional is not out to take your money either.
2007-05-16 13:03:17
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answer #6
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answered by onesmartguy 2
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Gamble!
2007-05-15 07:33:28
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answer #7
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answered by deovolenty 2
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Try the horse races or the casinos LOL
2007-05-15 07:33:51
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answer #8
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answered by Anonymous
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Hi,
Well, I suggest you to start forex trading. It is really very exciting business with no boss, no working hours. You may trade from any place in the world 24 hours a day for 5.5 days (from Sunday night to Friday night).
I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG.
They have very tight spreads. Total 25 currency pairs Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.
LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.
MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.
SWAPS are counted as negative as positive. Also is available swap-free accounts.
STOP and LIMIT orders may be placed as close as 5 pips from market price
TRADING TERMINAL Meta Trader 4.
Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.
Initial account opening deposit from US$2000.
It is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).
If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.
Good luck!
2007-05-15 21:05:53
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answer #9
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answered by VP 3
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