Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing for Dummies” by Eric Tyson.
To continue your education select some of the following
Beating the Street by Peter Lynch
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
What Works on Wall Street by James O'Shaunessey
Your Money and Your Brain by Jason Zweig
Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks - http://www.1source4stocks.com/info/stock... or Smart Money
http://www.smartmoney.com/
Visit some of the more professional websites like Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/ Investors Business Daily - http://www.investors.com/default.htm?fro...
Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.
And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/
and/or http://www.tradingsimulation.com/
After you feel comfortable with what you're tryng to do, visit the Web sites of some of the more popular brokerage firms. So if you feel comfortable with what you see on line and look at the cost and/or charges. When you are ready to go, just open an account on line with the firm. Please remember, the cheapest is not always the best. Even though you’re opening an account on line. you can always call the firm's "customer service" area for help
You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.
Good luck on your journey, study hard and you’ll invest well.
Go to Yahoo Finance for an hour a day. Read the articles, follow the links, and with a little study and concentration, in 30 days, you will know as much as 90% of the investors out there.
Read about Warren Buffett. Learn to "do it" as Buffett "does it".
If you want a stock tip: Consider Facebook (FB) Look beyond the hype. FB is rolling in dough because of their current advertising revenues. FB is positioned to make a ton in "mobile advertising".
Apple has told its suppliers to ramp up production of iPhones. Which means those prices will come down and there will be more "mobile" users in the next few years. More users, more ads, more money, more profits.
Zuckerberg has shown a willingness to pay (maybe, overpay) for new, possible, revenue streams such as Instagram and WhatsApp. With a bucket of cash FB can buy into the "next big thing". So even if naysayers say "the young people are not on Facebook", the young people will migrate "somewhere", my thinking is Zuckerberg is watching and will anticipate ways to make money off that "movement".
When the stock price was in the low 60's (a month or so ago) the "experts" said the stock could go up 50 to 300%. It is now 75. Half way to the 50% prediction. Jim Cramer is bullish on FB, now pegs the stock price at 92.
If the American economy improves and world events don't lead to a cataclysm of biblical scale, FB should profit more than 99% of the companies out there.
(I bought some FB at 62 and then bought more at 66, but I have been wrong before. And, by the way, Warren Buffett WOULD NOT buy FB)
Good Luck!
websites:
investopedia
yahoo finance
morningstar
tv:
cnbc
mutual funds are the best for people who have low risk tolerance or don't want to spend a lot of time on stocks. if you want outsized gains, you'll need to pick individual stocks.
go to your library and read every stock book they have, then try the strategy you like the most. there is more than 1 way to be successful at making money through stocks, so what strategy you use (i.e. what stocks to buy, when to buy and sell) is up to you.
You are still just starting out. I do not recommend investing in individual stocks unless you have hundreds of thousands of dollars to invest, and even then, I don't like it. Start with a savings account, start building credit, if you feel the need to invest in the stock market, a broad index fund would be best, but make sure you have enough in cash to cover 6-12 months of expenses, college, and any emergencies. I applaud you for your eagerness to learn about investing and money management!!! I hope this is the beginning of a very successful road for you. :-) You have no idea how happy this makes me!
How does Trading Work? I can say you that take a look at this site ( http://forexsignal.kyma.info ) may be it can help you. It 's one of the best course about trading. It seems like Trading is almost totally based on Macro-economics. It also strikes me that since there are not nearly as many currencies as there are stocks/bonds/derivatives etc etc, there must be a large number of market players in each currency bracket. So logically, currencies must be very liquid true? Also, what is the risk of Currency trading, high or low? When I read the business section every day I notice that the Canadian loonie moves hardly a tenth of a cent on a regular basis (in comparison to the US dollar). So it seems like theres very little room for growth in currencies unless you leverage. On that note, whats the maximum leverage permitted for forex trading. I know in stocks its x2, and in derivatives its x10. Anyway the only way to know how to start a profitable buisness is by following some methods like the one that I suggested.
Start by reading "Investing For Dummies" - it gives you a broad overview of investing (including stocks). Then, if you want more detail, read "Stock Investing For Dummies." Great books.
So I'm 17 and I'm really interested in learning about stocks, I've been wanting to for a while, I don't know why but I've tried asking teachers and I've had no luck. I know absolutely nothing about stocks so I need somewhere to start. Books, website, or any advice would greatly be appreciated.
