 What drink do you recommend that I drown my sorrows in...? |
After the losses I've sustained in the past few days on the NYSE, I would like to spend the day inebriated.
What sort of liquor do you recommend I ingest to achieve a pleasant state ... |
|
 How can I make money Forex trading? |
| Having a real tough time being able to make money trading the forex market. Anyone make consistent profits and care to share some tips?... |
|
 Buying stock now, or when? |
I have some silly questions but really want some smart answers, please help if you have a min:
1. Is now a good time to buy stock? If not, when?
2. Is Dow Jones rock bottom now? If ... |
|
 Do I right to invest in swisscash online? |
Is thare any gurentee to invest in swisscash online or is there
any fraud or missleading in it. Pls lets share the ... |
|
 Where is a good place to invest (other than the stock market)? |
| I have some extra money that I'm looking to invest. I already have some money in the stock market and i'm looking to diversify my assets elsewhere. I have about $30k to invest. I dont ... |
|
 Thinking about investing in Chipotle Mexican Grill (CMG)? |
| I want to know if I invest now while the market is down, and get the stock cheap, will a recession follow and I'll lose my money? Suggestions PLEASE!!... |
|
 Which stocks should I invest in? |
| I have $4,000 I would like to invest in stocks. What are the some goods to invest in aside from the oil/energy companies. I hear railroads are a good investment.... |
|
 Help with Fixed Deposits? |
| I have about 80,000 Rs in my savings account which have accumulated over the years. My yearly income is not taxable. I want to invest this money in FDs for about 2 to 5 years but I do not want to go ... |
|
 How lonf this market upward trend in stock markets last? |
Additional Details
this rally started around 2003. there seems to be no let up.... |
|
 How much money should invest in the stock market?? |
| I'm a young hispanic 19 year old male and I want to put some of my money in the stock market but how much should I put?This would be my first time doing this and where should I invest my money ... |
|
 Why do people include the stocks and bonds of foreign companies in their portfolio? |
Please give me as many reasons as possible to the previous question.
Would you recommend that these investments be made in foriegn currencies or should the currency risk be hedged?... |
|
|  |
AhSjilol5 | How would I get started trading stock? And is there anything to be gained from trading small amounts of money? |
|
 |
 
Gator714
 |
It appears that you have gotten some pretty good advice from the other folks that responded to your question. I've been a stockbroker for 15 years and I would strongly caution you against attempting to trade your way to the top. Over the years I have worked with thousands of clients. I work in the active trading division of Charles Schwab. We have clients that trade anywhere from 100 trades a year to, in some rare cases, folks who trade 40 to 50 trades per day. I'll bet that I can count on one hand the number of these "sophisticated" traders who were actually successful over time. In reference to your question about trading small amounts of money, it's pratically impossible to be successful doing this. The reason is that traders are getting in to a position and out of a position so quickly that they sometimes are happy just making a 1/4 to a 1/2 a point per trade. You will pay a commission on both the buy and sell side. In addition to this, you will pay taxes on your gain. The only way that you can achieve a profit is if you can gain enough to offset the commissions and taxes. If you are only buying a small number of shares (ie. anything under 100 shares) you will need your position to increase dramatically just to cover the fixed costs of doing the trades. The guy who responded who goes by wallstreeter gave you some ridiculous advice if you ask me. Don't think for a minute that some associate analyst is sitting around waiting for a call from you about hot stock tips. Those guys are working 80 - 100 hours a week as it is and they aren't paid to talk to you and I. Go to your local library and think of it as your job to get educated about the basics of investing. Yahoo finance has some great information that you could spend months learning about. Think long term and stay away from all get rich quick trading schemes. (None of them work) Good luck. |
|
Chris R
|
www.tdameritrade.com - they'll let you start with as little as you'd like - if you're a beginner think about trading ETFs (Exchange Traded Funds). They're a low cost and easy way to be diversified and get started. |
|
arrogant
 |
start with an online broker such as www.etrade.com. As far as trading small amounts, You can learn and build (hopefully) to being able to trade large amounts. |
|
syedyaseen007
|
I`d prefer trading shares.And ofcourse small amounts too can bring you profit if you know the in and out of the market.You need to know which companies are doing well.Buy when the prices r moving up and keep watching for a downfalling trend and that time seize the opportunity and sell em off |
|
jken2030
 |
I have attempted to trade stocks (and actually make a profit) for about 6 years. I learned everything I could get my hands on about Technical Analysis, Fundamental Analysis, Finance, Economics, etc.
The fact is this - the people you are trying to beat, aka the Market Makers, have vast amounts of info you can NOT access. They will always win. You will eventually lose. If you *Can afford to lose your money* toss it into an IPO & Cross your fingers. You may sustain huge % drops before it goes up, so be prepared. If it does eventually go up, sell it & run. |
|
Wallstreeter
|
Better Man is correct to a good degree. As an analyst on a trading floor for a large institutional firm I have direct contact with traders. Individual investors typically do not have the information required to make quick decisions nor have the access to chatter between traders. But if you are still interested here is what I would do:
First you need something like briefing.com to know what traders are saying. You need to be able to understand specific industries and their drivers -- recommend calling associate analysts and asking if they have any old pieces discussing the industry and the trends. You can find their phone numbers on research reports (they are typically listed second and third). DO NOT CALL THE SENIOR ANALYST as you will probably piss them off and not get a chance to call again.
Now, do your research. Why is the stock up so high or down so low. What are the possible reasons? WHen is the next catalysts or earnings period? What could mgmt do to change the situation or unlock/destroy value?
Answer basic questions and you have a good chance. Look at technicals (www.bigcharts.com) and identify when the stock might be high or low based on price as well as the metrics it trades on (price/ebitda, p/cf, p/e, p/s etc).
Now you have some homework done. Do it again. Then take a position. If wrong find out why you were wrong.
As for little money, commissions will often eat you alive unless you really can take several 10% plus returns in a row. So reconsider or look to use options. |
|
Bushwhacker
|
Learning to trade stocks successfully is the equilvilant to getting a PHD in business, accounting, risk management, psychology, information research and management, history, market terminology, chart pattern recognition, the game of Chess and Poker, all rolled into one. It doesn't come easy, nor is it cheap! You must have the determination and patience to devote thousands of hours gathering information from hundreds of sources, analyzing that information, and formulating a plan of action. It's not for the impatient or anyone who is afraid of losing money, perhaps a lot of money!
If you think you have what it takes to educate yourself and you're willing to pay the cost of that education, here's some good places to start.
http://stockcharts.com/ https://www.tradingmarkets.com/
http://www2.barchart.com/default.asp
http://www.marketwatch.com/news/default.asp?siteid=mktw&avatar=seen&dist=signin
http://bigcharts.marketwatch.com/javachart/javachart.asp?OKButton=+OK+
http://finance.yahoo.com/
Pointers:
1. Learn the terminology.
2. Learn how to analyse charts.
3. Study the psychology of those whom you're trading against.
(market makers and big institutions on Wall St.)
4. Do your homework!
5. Never fall in love with a stock.
6. Stay away from OTC:BB's and Pinksheets.
7. Stay away from stock chatrooms
8. Pick stocks that you have some knowledge of or interest in.
9. Formulate a plan of action and stick to it.
10. Start trading on paper, not real money, and when you make a bad trade, figure out why.
Good Luck - You're going to need it!!!!!!! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
7 | 33 minutes(s) ago
| | | |
7 | 1 hour(s) ago
| | | |
7 | 5 hour(s) ago
| | | |
7 | 7 hour(s) ago
| | | |
7 | 11 hour(s) ago
| | | |
7 | 1 day(s) ago
| | | |
7 | 5 day(s) ago
| | | |
7 | 2 week(s) ago
| | | |
6 | 1 month(s) ago
| | | |
7 | 4 month(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
