I want to get started in stock trading but i do not know where to begin.?
439181
I've been studing the market game for about a year now, i didn't knew anything a year ago, I havent invested anything yet, i've just been practicing in stock simulators like stocktrak.com for about 2 months now, im happy i've made almost a 7% in my simulations (im happy with that since i am a rookie), I think I need to do a lot more reading, studing and practicing before I invest a single dollar for real. I think now I understand the markets much better.\n\nSince I am in a similar position as you are, just 1 year ahead studing :) , I would strongly recommend you to start by studing Profr. Peter Navarro's material. First I studied his audio course "Big picture investing", and read his books "when is raining in Brazil buy Starbucks", "when the markets move will you be ready?" and now i'm reading his most recent book "the well timed strategy", for me it was great to start with the audio course, since he explains the basics to understand the market, and it comes with a very didactic printed course guide. Profr. Navarro has been a great teacher for me, I don't think there are other books as good as this for a beginer, and belive me, i've done my research and been reading a lot!! after the audio course i was able to understand and take more "juice" from his books and other books that I have read, I recommend you to do the same thing.\n\nRegarding the Can Slim system teached by IBD's Bill O'Neal, I think he is a real master, his investing approach is great and relatively easy to follow if you use the investing tools on investors bussiness daily and do your research homework every day, actually, I just took the Can Slim Level I Seminar some weeks ago, and I am already subscribed for the level II seminar to be held at the end of this month, BUT, if i hadn't studied Profr. Navarro's material before, I am shure I would understanded much less from the can slim seminar, so I recomend you to start with Profr. Peter Navarro's material, its great material and has been a lot of help for me.\n\nYou can find Profr. Navarro's audio courses and books at barnes and noble, either in the book store or online, is not an expensive material, i would have pay 10 times its price, its worth much more.\n\nAnd, once you start to study, the learning curve never ends!! start with Prof. Navarro, before you buy any material much more expensive and not worth its price, belive me i've done it :(..im shure you will thank me.\n\nGood luck!!!
607829
I suggest you to open a brokerage account in Scottrade (I asume you have less than $2,000)\n\nIf you have more than $2,000.00 you can drop me a line to suggest you a better broker for you.\n\nTop 10 Answerer in Business & Finance.
260132
there are many stock web sites to check out.  try the links below.
358597
None.  IMHO, you should start by learning how to invest, determining WHAT to buy through Fundamental Analysis and determining WHEN to buy with Technical Analysis. \n\nIMO, newsletters only make narrow recomendations based on their system of analysis and investment strategies, and often they are compensated heavily for their recomendations and therefore dangerously biased.   I firmly believe that to get a clear picture about any stock, and to determine whether you're actually going to invest in it, it's best to do your own research and adapt a system that meets your investment needs, style and risk level.  There are many stocks ripe for the picking just about at any time if you know how and where to look.\n\nStart with Investors.com, it's William O'Neil's online version of Investors Business Daily.  The How To Invest section is the best place to start learning the importance of Fundamentals and the basics of Technical Analysis.   The site has the IBD 100, a cross index list of the market leaders, the Stock Checkup, a great tool for checking fundamentals on any stock, and articles and analysis of stocks and general market conditions.  They also run various screens every day which in addition to the other lists, (IBD100, New America, stocks under $10, CANSLIM select, ect) are very helpful for finding investment ideas with solid Fundementals that are ready to move.  The CANSLIM method alone is a very successful and popular trading system, but I prefer to use a combination of Fund & Tech Analysis, rather that just the rating system alone.\n\nFrom there you can move on to more detailed study of Technical Analysis.  \n\nStart with StockCharts.com, they have an excellent free Chart School which helpfully explains various chart patterns and Technical Indicators and overlays.  Pay particular attention to the Chart Patterns section, and make sure you learn about Zig Zag patterns, Bollinger Bands, Moving Average, Volume, RSI, the MACD (Mac-D), The Williams %er, Stochastics, and the Chaikin Money Flow.  Sounds complicated, but when you start chart reading you'll want about a half a dozen or so of these overlays and indicators.  I personally rely heavily on the ZIG-ZAG, MACD, Chaikin Money Flow, Volume, Moving Average and RSI.\n\nStockTA.com is also an excellent Technical Analysis site, with charted Fibonacci resistance and support lines and will tell you if the stock is bullish or bearish in the short, medium and long run.  The site also has an extensive Candle Pattern Glossary and a fantastic technical screener.\n\nThe above sites do have premium services, but all the services I mentioned are free.  After you've absorbed some of the Technical information, do some reading on Fibonacci numbers and Elliot Wave theory, there are good links in the "School" section of StockTA.com.  I've been using Elliot Wave and Fibonacci's to help refine my in and out points.  StockCharts.com's "ZigZag" overlay helps me plot and count the waves and that helps determine where I am in the overall pattern.  \n\nSo basically I'll find interesting stocks through the screens on Investors.com or StockTA.com, run them through the Stock Checkup at Investors.com, if they measure up I'll run them through the Analyisis & Fib Analysis at StockTA.com and do an extensive chart study, examining the 2 yr, 1 yr, 6 mth, 3 mth, 1 mth & 5 day.  I'll also do my due dilligence, studying the profile, key statistics, headlines, etc. through Yahoo Finance and web searches.  If it all measures up and the stock is in a base or in a pull back and it's starting a wave 1 or wave 3, it's time to buy.\n\nRemember, always protect your downside with a stop loss or a trailing stop loss.  Once you have absorbed a few of the things I've mentioned, the fog will begin to lift and you'll start seeing which stocks should be bought or sold and you'll be able to do your own analysis on any stock, no matter where
600379
First, how you buying and selling stocks? Where are they being traded? And may I ask what type of stocks are they. First thing I tell anyone who wants to do this, is three things. Research, research, research. If you really want to do the best without a broker (and good luck to you) you will need to do a lot of research in the stock you want to buy. It can be very complex and require more than a five minute conversation. Know of any stockbroker wannabe's?
869759
Nothing to know to become 1. Open an acct @ schwab.com or TDAmeritrade or wherever & start buying Index Funds/etfs/reits & get going. If no IRA - do that 1st.
407346
you can try this website to practice.\n\nhttp://www.marketiva.com/?gid=218\n\nyou can use their 10000 virtual money to practice or\n\n5$ free for real trading
103855
in order to trade stocks you need a broker.  I suggest http://www.tdwaterhouse.com after that you can buy and sell stocks.
583819
You would need to consult an online broker, like Ameritrade, or see if there are any stockbrokers with offices in your area. They need to have a seat (or be affiliated with someone who does) on the NYSE to trade in stocks on that exchange. NASDAQ operates differently and there are a lot of other stock exchanges as well.
202390
Whatever you can afford.  The best way to get started is to figure out how much extra money that you have at the end of the month.  Make sure that it is money that you plan on investing for the long term.  You don't have to invest a big lump sum.  \n\nThe best strategy for a beginner is to systematically, dollar cost average into a low cost mutual fund.  Find yourself a good no load, index or growth fund and set up an account to automatically take a fixed amount from your bank account every month.  When the market is low, you are buying more shares and when the market is high, you are buying less shares.  You will find that you won't miss the money and in a short period of time you will discover the power of dollar cost averaging combined with the compounding of money.  Good luck!!
169203
First, I like to welcome you aboard.  Never too late or too early when it comes to investing. \n\nSecond, Let's talk business, and that business is stocks. \nI want you to diversify.  what do this guy mean by diversify?  Good question.  Split your asset into at least three to five different sectors.  For example, you can put some on Technolology, Pharmacuetical drug company, Financial, Retailer, and energy or oil refineries.\n\nFinally, research each of those sectors, and try to find a leader in each or everyone of them.  You can do this.  One of the way to look for is to read newspaper.  Investors Business Daily is good source to start.  I find them very useful compared to other newspaper like Wall Street Journal.\n\nKeep post your question if you need further help.\nBest of Luck from THINKMAAN.
104003
Hi Frankie,\n  There are quite a few websites that you can go to for info. But if your just starting out I would suggest Yahoo finance page. From there you can browse through the listings on the left hand side. Go slow and learn the basics day by day. Before you drop one cent into the market, I strongly urge you to test you new found "skills" by paper-trading. This is trading without money. There are a number of sites that allow you to do paper-trading, virtualstockexchange.com being one. This will teach you discipline which you must have or you will lose your shirt & pants and underwear. Do this type of trading for at least 60 days. Iknow I know, you want to make money now. Be patient, this will be the best education you will ever get for trading. It's sorta like the difference between reading a book on swimming or getting in the water and you apply what you read, once your comfortable wading a bit, then you can go to deeper waters,(real cash). \nGo into each trade with a set goal of profit AND loss objective. Always use real or mental stops. Stops are prices you set for closing out the trade, both for profit AND loss, you can place them at the same time you place your order or any point after, I prefer the latter.  \n  Also, be highly skeptical of get rich quick schemes, programs and books/tapes, if their formulas were so great, why are they trying to make a few bucks from you buying them? I doubt it's because they really, truly love you, and they are hoping to receive the NOBLE PRIZE for humanitarianism. \n  I also suggest you spend some time reviewing the info the exchanges have on their websites, invaluable. And let's not forget our boys at the SEC. They have a great wealth of info on particular stocks and companies, a must site.\n  That being said, I wish you the best of luck, cause you will need it, and always remember, your trading points not dollars, this will keep you from getting too emotional, but you will anyways. \nSee ya at the bank...(hopefully not the blood bank)
1017513
You can open a share builder account. I can't tell you which stocks to buy, that would make me your broker.\n\nYou can also learn to trade options, which can also make you alot of money in a short amount of time.
328170
That question cannot be answered by anyone until they know what you need with a broker.\n\nDo you need service?\nAre you new to trading?\nWhat are you looking to invest in & how much at a time?\nDo you need research?\nAre you trading Penny Stocks?\nAre you trading ETF's?\nDo you know what an ETF is?\nAre options important?\nDo you need a DRIP program?\nWill you need mutual funds?\nDo you need access to foreign stocks, or are ADR's just fine?\n\nFigure out what you need & read financial publications. Check the web (and magazines) for survey's. Read more then two.\n\nGood luck!
407887
I would recommend checking out the website www.investopedia.com  You can learn some things about the stock merket and also use play money with it's stock market simulator.\n\nHave fun
1076880
Nowaday's there are alot of basic how-to's on investing. I suggest taking a financial accounting course at a local college (audit it) to attaina more thorough understanding.
601056
You may want to talk to a financial advisor and discuss investments that would help you meet your financial objectives. \n\nIf you are interested in individual stocks you may want to consider a hypothetical portfolio, on paper, in order to experience how difficult (proper) investment selection and diversification can be to achieve.