Hey guys…i have saved up some cash and would like to start investing in the stock market. Can you guys suggest some good resources to browse and read up? Thanks!
What are the best online resources for someone starting to invest in the stock market?
Wed, May 19, 2010
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May 19th, 2010 at 8:49 pm
for basic stuff, www. investopedia. com is good enough!
May 19th, 2010 at 9:19 pm
Try these.
http://www. informedtrades. com/trades. php
http://www. freetradingvideos. com/default. asp
May 19th, 2010 at 9:37 pm
I would recommend you start with this DVD to get you up to speed:
http://www. stocklocater. com/recommends/smfb. html
You will next need a brokerage account where you can place your trades. You can read this post for a review of online brokers:
http://www. stocklocater. com/content/online-broker-review. html
After selecting your broker you’ll need to open an account and deposit your money. Watch this video to see how easy it is:
http://www. stocklocater. com/content/how-to-open-a-brokerage-account. html
There are many ways to invest in the stock market. If you are the type of person who wants to stay at home and work for yourself by trading stocks online, you can get free training here:
http://www. stocklocater. com
If you want to be a successful stock trader as opposed to an investor, it is important that you can read a chart and know exactly when a stock is going to go up or down. Here is a great place to practice this skill: http://www. chartgame. com/
And of course Yahoo Finance has many great resources.
May 19th, 2010 at 9:44 pm
what if your money made you 5 – 20% per month
with no risk at all,what if you dont need to work and just enjoy life
what if you can watch your wealth growing while you are having fun
visit myfxfunds dot com
May 19th, 2010 at 10:38 pm
If you’re a rookie in investing or stocks, go to
www. finance. yahoo. com.
Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.
Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade. com. They’re excellent for beginners.
If you’re new to stocks, DON’T DAY TRADE. You’ll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn’t last long and I had to rethink my strategy.
Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you’ll be lucky if you only lose half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You’ll see what I mean by losing money every easily.
Good luck.
May 19th, 2010 at 11:26 pm
Dear roro,
May be this site can help you
http://www. coolgreatstuff. com/investing/
Best of luck