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Does anyone know what's the best way to get started in the stock market? |
I'm looking to get going with the stock market but I can't speak the language. How can I enhance my knowledge and make wise short term investments? First of all--the stock market is not a good vehicle for short term investments (though I am well aware that some people became rich quickly). Go to Fidelity, E-Trade, Charles Schwab, or many other (Yahoo Finance) and you can read about the terms. You can also try the Motley Fool. Or, I could tell you, if you have specific questions. A safer way to start in the stock market is by investing in mutual funds. These are families of stocks grouped together, there are many differnt types from aggressive to conservative. First, don't quit your day job. go and buy the book, investing for dummies, it is not for dummies, it is packed full of good info, may even find a used copy at amazon.com First, you should gain some knowledge, and I suggest you to read the book, "Understanding Wall Street". Then take some inexpensive courses in stock market investing at your local community schools, they have courses for adult education. Learn all you can about technical analysis. What I did was read alot of books on the stock market and investing. Started with a few books that are meant for those who have no clue about it. No such thing as a wise short term investment. If you trade frequently you'll probably lose. There's a lot of good info on Yahoo finance and it's free. There are lots of good books on the subject and don't invest until you understand how things work. There's no easy way to make a lot of money fast. That goes for the market too. If you take the time to learn how to invest you'll be glad you did. I think the best way to learn about investing, is to see what the best investors are buying and selling. Go to http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500. The best program to make income fast is http://tinyurl.com/ylkczs |
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