What site can I access that will tell me how to buy and trade stocks from a beginner’s standpoint?
I am new to this and would like more info, I went on a couple of popular sites and it gave me prices per contract, which I am not very clear on. Is there such a thing as "free" sites that enable me to this where I will only have to apply money via bank account or visa to actually purchase stocks?
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.
January 22nd, 2010 at 8:22 am
You should contact few online brokers, and request for information.
They will be glad to help you (hoping, that you will ever open an account with them). Shop as much information as you can first. Do not rush to trade.
Signup for some mailing lists to get more details.
References :
http://www.cyboforex.com
January 22nd, 2010 at 9:02 am
Scorpio. Forget the online sites and get a book on basics you can study and keep forever. A good choice would be The Wall Street Journal Guide to Understanding Money and Markets. Now go to a site like Yahoo Finance. Here you can learn how to keep track of stocks, read the financial news and watch videos of people discussing stock market activity. It’s all very confusing but the more you stick with it, the clearer it will be.
Learn how to use the interactive charts on Yahoo Finance. Those charts also have things called Technical Indicators you can play around with. Find out about government reports called economic indicators that come out frequently and have a big impact on stock prices. That’s on Yahoo Finance too. Read the news like the Wall Street Journal section on Money and Investing.
Save your money in a savings account for the day you will start investing. Once you think you are ready, do pretend investing for at least 6 months and figure out why you won or lost. When the time comes to invest real money, choose an online discount broker. You will sign a contract with them and send them the money you want to invest. They will keep it in a Money Market account until you are ready to trade stocks.
There is no easy path. You must force yourself to learn and spend a lot of time at it. I suggest at least 2 hours a day for starters.
And you are way ahead of yourself. There are no free trading sites and you’re not even close to doing that.
References :
January 22nd, 2010 at 9:46 am
Since you say you are not very clear, you should get some knowledge about stocks.
I suggest some on line courses – at least.
Many people suggest investopedia.
End
References :
January 22nd, 2010 at 10:29 am
If you’re a rookie in investing or stocks, go to
http://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.
References :