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Im looking to get in to trading some stocks
Posted on 8/1/08 at 3:42 pm
Posted on 8/1/08 at 3:42 pm
I got out of college in May and i want to take some money and start "playing" around on the stock market. starting off with no more than $1000. What is the best way to learn how it works? any good reading material? What are the best websites to go through to trade(preferable no fees)? Thanks for the help i just dont want to go into it blind and would like to get some advise first.
This post was edited on 8/1/08 at 3:52 pm
3
Posted on 8/1/08 at 4:20 pm to CarRamrod
First you need to understand that it is basically gambling these days. Doesn't mean I don't do it. Only "play" with money you can afford to lose. If you pick a few winners to start off with, don't fool yourself into thinking you "can't lose." Don't get greedy. Good luck.
Posted on 8/1/08 at 4:29 pm to CarRamrod
Jim Cramer's Real Money was good for some basic stuff, as is the stuff by Bill O'Niel. The Black Swan was great. Dhando Investor is good. Jut go to the investing section of the library and grab stuff.
Posted on 8/1/08 at 4:32 pm to CarRamrod
Hold on to your money. $1000 will not even meet the minimum requirements with most online trading sites. The market is very volatile right now and doesn't have a real sense of where's it's going. This is mainly caused by the constant bailout's from the FED. It would be much wiser on your part to sit back and pay attention because we are going through some very important times that will change the way we do business and invest in the future.
You can gather plenty of info from The Wall Street Journal, Barron's, Marketwatch, Reuter's,Bloomberg, Forbes etc.... all available through the net.
There is much more to this synopsis I just gave you but this is no market for new comers. Financials and Equities are down year over year and we have been in a commodities bull market (Oil) for some time.
Wait for the bottom to occur, which I believe will not be for some time, then get in. Remember, a wise investor buys a good business when he/she thinks it is being offered at a on sale price.
If you have to invest right now, get out of the dollar and diverse into foreign currencies.
You can gather plenty of info from The Wall Street Journal, Barron's, Marketwatch, Reuter's,Bloomberg, Forbes etc.... all available through the net.
There is much more to this synopsis I just gave you but this is no market for new comers. Financials and Equities are down year over year and we have been in a commodities bull market (Oil) for some time.
Wait for the bottom to occur, which I believe will not be for some time, then get in. Remember, a wise investor buys a good business when he/she thinks it is being offered at a on sale price.
If you have to invest right now, get out of the dollar and diverse into foreign currencies.
This post was edited on 8/1/08 at 4:47 pm
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