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2007-07-17 05:19:45 · 11 answers · asked by Anonymous in Business & Finance Investing

11 answers

Guide to Stock Investing for Beginners
http://www.stock-investment-made-easy.com/index.html

2007-07-18 01:48:57 · answer #1 · answered by BigBen 5 · 0 0

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 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!

2007-07-18 16:29:52 · answer #2 · answered by Yada Yada Yada 7 · 1 0

Hi vivid-

There is excellent information at:

http://www.investopedia.com/

They have pretty much everything that you'd want to learn about there, including a fantasy investing game where you can trade stock and options realistically as you would in the real marketplace. Included is an explanation for what every kind of trade is, as well as investing theory and practice. There's also specific tips and an excellent encyclopedia, too. I've been using it for a few weeks now and have learned a good bit (and even made $10000- I wish it was real!). Its a good place to learn and I would highly recommend it. You can even set up private competitions with your friends if you'd like to get some of them in on it too.

I hope this helps!

2007-07-17 13:16:54 · answer #3 · answered by Doorrat 3 · 0 0

Doorrrat is right: Investopedia is an excellent resource, also as a reference, as it has an extensive dictionary of investing terms.

Another site that I hope to become useful is a blog I'm putting together, called ETF Investing, tailored for those (like myself) who like using our heads but not *burning* our heads with frequent trading :) Right now content is scarce, but I already included two tutorials, one about the efficient market hypothesis and the other about leverage. You might want to take a peek after you have learned the very basics. I'll be looking forward to adding more tutorials and references in the future.

If you are serious enough about learning, you might want to try Morningstar's Investing Classroom. There are lots of online lessons and quizzes, and not only they are free, but they offer prizes (such as 6-month subscription to their premium content) if you score well in the quizzes (but you need to answer a lot of questions for that).

Hope it helps. Cheers!

2007-07-17 13:42:06 · answer #4 · answered by Andy D. 2 · 0 0

Vanguard.com is ideal for long term investors who want to learn about mutual funds, index funds, and exchange-traded-funds (ETFs). Trading funds is less risky than trying to trade "individual" stocks.

Unless you plan on spending everyday of your life looking at stock charts trying to determine the best time to get in and out of "individual" stocks, I would look into some sort of fund.

Also be very careful about asking for stock tips online. Most are probably worthless or contain unethical motives. Do not fall for any Pump-and-Dump scams.

As far as books go, I actually started out with the Investing for Dummies books, and they definitely pushed me in the right direction. To many other books have their own agendas in my opinion.

The websites below all contain plenty of FREE information to get you started in the right direction.

2007-07-18 07:09:08 · answer #5 · answered by Anonymous · 0 0

Check this out..lots of resources to learn from
here..use the links:

2007-07-17 12:35:45 · answer #6 · answered by Anonymous · 0 0

My advisor would talk to you, he's pretty cool. Check out Moreland Capital Management.

2007-07-17 13:48:30 · answer #7 · answered by hthwang3 1 · 0 0

http://finance.groups.yahoo.com/group/TradingZoom/

- best stock picking site for small caps.

2007-07-17 12:41:34 · answer #8 · answered by Anonymous · 0 0

ck on my blog

dlngroup.com

2007-07-17 12:30:16 · answer #9 · answered by dinu_pawar 5 · 0 0

try http://goldenbullpicks.com

2007-07-17 13:38:09 · answer #10 · answered by Anonymous · 0 0

fedest.com, questions and answers