I want to get starting in stocks and getting dividends but I don't know how to start and don't have much money

Answer 1

First Thing is to learn and wait and watch markets for 3 Months.
Have some hypothetical Money lets say a Million. Invest it and keep track of it for this period.
This game sounds like portfolio management
learn the tricks of the trade.
Be clear do you want short trading or want to be a long shot Player/Investor.
Repeat this game for the same period if yuou do not succeed initially if u fail se4cond or third time.
Give up!
You can play the stock market and still have no risk..............No profit as well. But worth the learning process

Answer 2

Congratulations on getting started. It’ll help you more than you know!

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!

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 who teaches trading futures.

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!

Answer 3

You need to learn what you are doing first.
Read and study every thing you can get your hands on and keep saving.

The library is free..I'll also list some free sites.

When you have enough money do some courses..this will help you keep your money longer. In the market you will lose money faster than you can make it...education is really your best option.

When you are educated phone a stock broker or find one online and open an account...fund the account and your set.

You are best to learn about options...not stocks...the reason is that options allow you to control $10 worth of stocks with $1 of your money....LEVERAGE.

There is no leverage in stocks. Options also help you profit when the market falls and can earn you income...by selling them.

this is why they are so important.

When you have enough money make your first course a course on learning how to trade with options.

Answer 4

these days you can do it online easily.I went into it recently and mind you ,one can get hooked up very quickly.
Picking up:
Suggest you to create a virtual portfolio(see finance sectin of Yahoo)and watch the stocks you are interested in.Gives you an opportunity to visually see how your money grows(or lose!)in a period of time.Then identify the company you want to invest in and buy them.There is a minimum necessary purchase that is required.
Buying:There are charges to make transactions.Online brokers offer good discounts on charges.However your effective cost goes up considering these charges.
More and more people go for Mutual funds-these are funds managed by a firm that invests in range of stocks on behalf of its investors.Advantage distribution of risk.
well have look at the online guides anyway.all the best

Answer 5

Learn about stocks and investing before you venture any of your money into them:

1) http://www.invest-for-retirement.com
2) http://www.investopedia.com
3) Mutual Funds for Dummies, by Eric Tyson

Any of those 3 sources are good for beginners. Please get a basic education on stocks before you enter the market. Your wallet will thank you.

Answer 6

Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.

http://www.tutorialforyou.net/investing/

wish it will help you.

Answer 7

if u dont have much money to spend. dont rush into it.
do as much reasearch as u can.
read the paper....books.etc