2007-07-22 23:20:37 · 4 answers · asked by angelD 1 in Business & Finance ➔ Investing
I have hear a lot of ppl talking abt stock market.
I will like to know what are the steps to start trading in the stock market. Is there a minimum amt needed to start trading in stock? Where can i learn and study more abt it?
2007-07-22 23:30:15 · update #1
Stock trading is mostly self-taught.
There are several methods - you should look at them and pick the one you are comfortable with.
You may consider:
http://finance.groups.yahoo.com/group/TradingZoom/
- some useful books are listed on the front page, and you can talk to other traders and follow their picks for a while.
2007-07-23 04:33:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
People new to the stock market are attracted to Penny Stocks. They appear inexpensive and easy to make money on. There is nothing further from the truth.
Asking strangers whose qualifications and motives can't be verified about how to get into the market is also a dangerous game to play. Your question will bring out some of the worst answers, which could significantly hurt you financially.
It's great you have an interest in the stock market. Take a year and read everything you can on it. The "Dummies" series have some good books to start with.
Investing, successfully, is not terribly hard. Investing based on the suggestions of strangers will quickly end your interest in the "market".
2007-07-23 00:03:52 · answer #2 · answered by Common Sense 7 · 1⤊ 0⤋
Well, if you want to purchase individual stocks, you will want to get a good knowledge base on stocks. Either of these books can help:
- The Five Rules for Successful Stock Investing, by Pat Dorsey
- All About Stocks, by Esme Faerber
(Unfortunately, academic studies have shown that "penny stocks" usually perform poorly. This is because the companies themselves are brand new companies and there is no way to evaluate their effectiveness.)
IMO, though, people who are beginners should first consider mutual funds. In that case, here are two good books:
- Mutual Funds for Dummies, by Eric Tyson
- http://www.invest-for-retirement.com has a free downloadable book
2007-07-23 07:22:59 · answer #3 · answered by derobake 4 · 0⤊ 0⤋
Don't do it. You'll lose your ***. Short term price movements are very difficult to predict. If you're looking to make money I would suggest finding another way. If you are actually interested in learning about how the market works then do some research and play a portfolio game (there are several out there for free online) That way you can pick your stocks and track how you would perform if you'd really invested money. It's a good way to learn without risking your hard earned money.
2016-05-20 23:42:29 · answer #4 · answered by kesha 3 · 0⤊ 0⤋
Here's a good link.
http://stock-market.superiorinvestor.net/stock-market-for-dummies.html
2007-07-23 01:42:06 · answer #5 · answered by jdkilp 7 · 0⤊ 1⤋