Yada Yada Yada
|
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're new!
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 (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!
Additional edit: I tried to answer your question, but you haven't confirmed your email yet, so I can't reply. |
jojo
 |
A great site to look at, in addition to books recommended above, if you are new to investing is
http://www.top10traders.com
The site lists out which investors are doing the best and what stocks they have bought. Just click on the portfolio of the best investors and you can see the stocks they like.
This is a totally FREE site. You can create your own portfolio of stocks with $100,000 in 'play' money, and then watch how your stocks compare against other traders. It is a great way to learn about investing (and you don't have to risk losing any money). Good luck ! |
optinc
 |
Always start by educating yourself first. Know the different spectrum of investment methods, ranging from purely technical approach to purely fundamental approach and the different methods in between. Find out which approaches are suitable for you and slowly take it from there. Always start with paper trade to acquire some basic understandings, not just the market but on yourself. Do also note that paper trade is never the same as real trading, so be prepared for the ride.
You can find some useful trading rules here:
http://www.option-income.com/Trading-Rules.html
and great trading quotable quotes by traders and authors:
http://www.option-income.com/Risk-Management.html
Hope those helps. Good luck. |
skymztr
|
there are numerous website on the net such as iris.com , moneycontrol.com , sharekhan.com etc which all give there own views . but if you are really interested than take up a job with a stock broker and have some basic knowledge about co's which will bea great help..rest nothing better than experience......... |
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
