I always wanted to learn about stocks and other investments but never really had the right mentors around me to help me get started? What do you think is the best way for me to get educated in this field? Should I just buy and sell a few shares and play around with them?
If you're a rookie in investing or stocks, go to
www.finance.yahoo.com.
Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody's got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That's the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won't lose money. It's just that these stocks are the best. They pay good dividends too.
Then once you're comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They're excellent for beginners.
If you're new to stocks, DON'T DAY TRADE. You'll a rookie in a world of professionals. I tried day-trading with Citigroup and AIG when they were a little bit over $1. I had some luck at first, making about $30 a day but I was way over my head. My luck didn't last long and I had to rethink my strategy.
Day trading involves A LOT of commissions to the broker. With all the commissions deducted from each trade, you'll be lucky if you only lose half your money.
I would just day trade using Yahoo! Finance. Open a stimulation account, give yourself $100 worth of fake money and play it in the stimulation format. You'll see what I mean by losing money every easily.
Good luck.
No for you to go and buy and sell shares without any knowledge can lose you alot of money. I suggest if you really want to do it that you get a university degree in finace followed by a CFA.
If you want to learn how to do it in a short amount of time i suggest you speak to people you know about the stock market and investing.
I have a finance degree and a CFA and I am a cheif manager of currecy in maquarie bank. Do not think i am telling you bullshit because i know all about investments.
Best of Luck
Join a forum and post your questions. As you post experienced people will be able to assist you with those questions. Try the forum link below it is pretty new and has a lot of new people as well as some really experienced people to ask.
http://www.newstockslive.com/forum/cgi-bin/yabb2/YaBB.pl
Read "Stock Investing for Dummies." Seriously. It is a very informative resource. It is full of information and divided into sections so if you are interested in a particular field of investing you can go straight to that section without needing to read the previous sections beforehand.
Well i consider you as a no voice ,
Then i would suggest you
1, to read a book Finance for non finance executive .
2, to watch business news and business channels during the day .
3, to take a token amount and test yourself , in the stock market.
4,go to the banks some banks provide short term courses.
5, play online games tht will provide u risk free analysis capacity.
Hope this solves ur query .
Please watch bseindia.com, moneycontrol.com, rediff.com etc.
Start playing stock market virtual game in ibobo.com or rediff.com
Also you may take dmat account and trading account and discuss with broker and start investing in one or two scripts and continuously watch news.
You will soon be an expert and start helping others too.
all the best.
For that you should see
http://www.apnafunpoint.com
I hope that resolve your problem . I have also experienced this web on answers.yahoo.com
If you want any thing just open http://www.apnafunpoint.com and write on search box and find all things .
First of all why you want to learn about Stock Market?
If its for your personal investment i would sujust you Pls dont waste time Behind it if it for your carear go hed if you want for investment contact www.mycapital.in
Dear, I Suggest you http://helpkorner.com for this.
Best of luck and keep using answers.yahoo.com.
Dear, I Suggest you http://helpkorner.com for this.
Best of luck and keep using answers.yahoo.com.
for that you should see
http://bizsolbiz.com
i hope that resolve your problem. i have also experienced this web on answers.yahoo.com
Best of luck
spend that money on books and read them instead.