Places for a beginner to learn about stock trading...

[Accipiter22]

see subject please. Assuming I know nothing about the stockmarket, where can I learn about it online, and what are some good simulators?

 

[remagavon]

I'd like some more information too. Bump.

 

[alien42]

http://clearstation.etrade.com/education/cover.shtml is a great place to start and quotemedia.com is a great place to get all the basic info on a stock.

 

[Mr Pickles]

Google some paper trading sites. You'll find that there are quite a few "fake trading" site and programs that will help you record your history of trading.

IMO things like that aren't needed though. I started out a long time ago with a pencil and paper. When I thought buying a stock was a good idea I wrote down the date, the stock and how much I bought. After 6 months I looked at the stock and saw how I did. 12 months later I actually started trading and it's been good times every since.

Of course you've heard of Cramer's Mad Money. Believe me he is an idiot on the show be he gives good advice to newbie investors. Listen to his long term advice and try not to get distractc with his bulls/bears fighting. He has a lot of good tips such as "do at least 2 hours a week for each stock you own" and things such as this that will help out quite a bit in the long run. Am I diversified is actually pretty good too, pay attention to that.

Try to avoid brokers for now, and if you find resources then I don't thik I would start trading for at least 3 months. This is serious money you are talking about.

 

[mindmaniac]

I'll have to check out some of those links. I'm 21 and really don't understand investing much at all being a science major. I've been contributing to my Roth IRA for four years now and my companies 401k for a year, but have been only investing in large mutual funds with low risk.

 

[coolred]

NM, wrong thread

 

[Gimli43Orcs]

For the first while, and maybe all the time, only put in as much money as you can afford t and willing to lose.

 

[S Freud]

Check the link in my sig, I started the site for people just like you

 

[ElFenix]

don't even bother. better just to let your money grow at the same rate as the market by investing in indexes.

 

[UglyCasanova]

How much is a reasonable amount to start investing with? If I have only about 2k lying around is that too little to even bother?

 

[spliffstar69]

Go to your local Barnes and Noble pleny of good books on the rack about investing and trading.

When you understand trading you will also need to understand how to use the tools available to traders like technical data and level 2 and such
Here is some cramer rules to help set some guidelines

Here is some Cramer rules in my opinion are very good.

 

[spliffstar69]

Originally posted by: S Freud
Check the link in my sig, I started the site for people just like you

cool site btw

 

[alien42]

Originally posted by: UglyCasanova
How much is a reasonable amount to start investing with? If I have only about 2k lying around is that too little to even bother?

2k is worth investing

 

[everman]

Read the wall street journal every day.

 

[UglyCasanova]

Originally posted by: alien42

Originally posted by: UglyCasanova
How much is a reasonable amount to start investing with? If I have only about 2k lying around is that too little to even bother?

2k is worth investing

word.

 

[compnovice]

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