Hi, I'm 24 year old. I plan on investing from $2,500 to $6,000. and I'm not sure if I want a short term or long term stock, or how often I plan to trade or diversify.
when i put the question some time ago people used to say abt trading account that is buying today morning and selling it bfore evening but i want invest today and wait till it grows i make a note ...
My husband and I just fired our financial advisor. Over the last 8 years this advisor who charged us fees had lost us approximately $1.2 million in the value of our account. We were in a diversified ...
Im trying to get into the stock market and invest to and try to make some money but I need some help understanding what I see. If some would like to chat over IM if they have free time that would be ...
bambina12000
Stocks, online trading?
I would like to know how can I invest in stocks, or online trading. Are there any teaching tools? I know nothing about either one. I am looking to supplement my income.
The online services (TDAmeritrade, E*Trade) offer training tools from their service sites. I had used those offered by TDA many times to "train" myself, or should I say "educate" myself. Found them to be very helpful, BUT you still have to make the buy/sell decision alone. I did make some money, but it's always a gamble, of course. Good Luck!
Brenda
Hello Bambina:
This would be a good place to look as a start
http://www.investools.com/
all the best to you
Raw L
Here are some useful resources:
USEFUL BOOKS:
> Security Analysis by Benjamin Graham and David Dodd
> Contrarian Investing: the Next Generation by David Dreman
> The Aggressive Conservative Investor by Marty Whitman
> Buffettology by Mary Buffett
RESEARCH WEBSITES
- Yahoo Finance
- Google Finance
- Morningstar
Before you think about "supplementing" your income, you better educate yourself with investing. Yes you can try investools.com but you should also get into the habit of reading (daily) msn money.com and you can read Yahoo finance.There are several books that can help _"Beating the Street"-"One Up on Wall Street" both by Peter Lynch; "What Works on Wa;; Street"-James O'Shaunessey; "Trading for a Living:"-Alexander Elder" The Discipline Trader"-Mark Douglas. Educate, Educate yourself before you make any move
Also;
The books suggested by A Nobody are great. Add two to the list and you'll do fine; "Mastering The Trade" by John Carter & "Trading In The Zone" by Mark Douglas.
Mick
It takes years for someone to get good enough to trade online. So don't do it just to make more income. YOU WON'T.
Instead read and study up on the subject as much as you can first. While doing this try some paper trading to get a feel for how it works.
I know it sounds like easy money, and it is easy money for the large brokerage houses who have computers that out think you all day long.
So start slow and plan your trade and trade your plan. Just like you would a business. Because it is one for the people you are trading against.
Good Luck
kckid2
Go to the library and read some books about investing. Then you will know the next step to take.
A rookie without knowledge is like a chicken and a fox trying to dance.
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