Don't worry about opening a brokerage account, this is easy any child can do it, what you need to do is to educate yourself about securities and the markets they trade in
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
From Riches to Rags, by I.C. Freeley
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
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
What Works on Wall Street by James O'Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
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.
I like daves answer... goood for you dave.
You really need to be asking a different set of questions.
What do you want to do? And more importantly Why?
Make a plan and set some goals. Investing is investing. there are good ones and there are risky ones. Making money in the stock market is easy, just set up a plan, find an easy strategy and stick to it.
As you are young you have plenty of time to make your own mistakes along the way if you so choose, then again you could find someone that has already done what you would like to do and learn from them (that would save time and money).
Secondly stay away from small no-name brokers as they may be suseptable to buy-out and take overs. Then you will have to learn a new platform again (been there done that... no fun)
Learn some basics on many different investment strategies then find one that will allow you to sleep well at night.
Making money in the stock market is easy as long as you stay focused and stick to your plan ... what ever that may be.
Good luck to you.
it's good to work for an employer that has a retirement plan for you and contributes to your account. Then you also contribute and you'll be ahead of the game later on in life.
Otherwise go to the bank and tell them you want to open a retirement account, then ask for the paperwork and read the small print on it.
Oh, you're thinking of gambling by investing in stock, that's something totally different....then you need to learn about stocks. There are commissions that need to be paid and also when you sell or buy you have to pay, and I'd say unless you're a lot older and have money to lose then not to invest in stocks. You'd invest in good stocks and keep them forever, so you need to read up on them, follow them fore a while before you invest.
You can make good money like me with this binary option signal software ( http://forexsignal.kyma.info ) Binary options trading has always been popular, however, this investment fad globally exploded around 2008. Originally known as digital options, binary or the name "two values" was added to give a simpler explanation for trading options. Binary is defined as two values or up and down movements. Binaries rely on underlying assets or derivatives. You can trade in commodities, the forex (foreign exchange market), commodities as well as stock indices.
depends on what you want to do . do you want to play the stocks everyday ? or do you want long term investments ? a 401 K ? a keogh ? a mutual fund ? munis ? tax free ?
i recommend Vanguard , or Fidelity .
I want to start investing but what are the requirements to create an account?
I don't even have my own credit card yet... I just graduated uni and am working in an intern so I got some money to invest. I want to invest now as I see potential. I am not urged to invest but I at least want to have an account so that I can invest, when I am ready.
I am planning to use quest trade as I was recommended this to be a good broker... but I am also planning to talk to my bank.
What should I look for in brokers.
Regards,
