Trading = short term. Lots of "trading systems" are marketed as short term get-rich-quick schemes. Those are SCAMS. Trading requires lots of experience long term investing, plus expertise specific to short term. As a novice, you would be a minnow among sharks. Not recommended.
To invest, you need a brokerage account. Vanguard, Fidelity, and Schwab are 3 very good firms with reasonable costs and excellent service.
Read up on a Roth IRA account. If you can afford to put away money long term, there are great tax advantages that you will appreciate when older and working full time.
Here are 3 great investing books that should be in any decent library:
One Up On Wall Street - Peter Lynch
A Random Walk Down Wall Street - Burton Malkiel
The Intelligent Investor - Benjamin Graham
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give http://penny-stock.keysolve.net
He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions.
Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago.
On just one of Nathan's picks this year I managed to make my investment back ten-fold!
Penny stocks are notoriously risky but if you follow the right method the risk is almost 0.
I suggest to invest only little money first and then reinvest the profits.
Go here for more information http://penny-stock.keysolve.net
Just open up an account at a local bank or brokerage. Whichever charges the least commissions fees.
After that, you should start off with buying long-term in blue chip stocks, as they're the most secure.
I'm a college student, and for a while now I've been interested in trading stocks. I work a part time job that brings in a good amount of money, and I wanted to start investing. What online based trading system should I use? Any advice? Thanks so much guys!
