Lmk this, also anything else that is good advice, things I should know.

Going to make an account somewhere tonight(also lmk which site(s) you prefer please!).

Afk few hours

This post was edited by Prone on Jul 17 2013 03:32pm

I Didn't have to pay one when I opened my brokerage account. If I were you, I'd shop around. Each site has their own benefits

Also the market watch is a good site to just practice. The one thing it won't teach is how to lose real money. By that I mean, when you lose money, it's a lesson in itself

This post was edited by cialda on Jul 17 2013 04:42pm

I have some experience trading options and stocks. I profited maybe 500 total, but it was because I got lucky in buying options right when AMD spiked at the end of April. My dad has been trading stocks for ~30 years.

1) Research. By far the most important thing to do. Understand the company, what it does, the finances, the sector, what sector influences the companies and how the company influences others, technical analysis (reading charts) are all important things to consider. There is a saying you invest in what you know, meaning if you know a lot about computers, consider researching the tech industry.

2) Use stock screeners to find companies you might want to invest in. Each trader has their own method of screening stocks; its up to you to find a method that works for you. For example, I traded moderately to high volume stocks, under $20, with various technical indicators such as the MACD, moving averages, bollinger bands, etc. If you dont know what these are, research this before you start investing. You can also search by financial strength, such as year over year profit, earnings/ price ratio, etc. But when you find a good stock, dont stick to it only. Keep searching.

3) Let the trade come to you. The hardest thing is to actually buy and sell. Make sure you have a reason for buying at a particular point and try to set a stop and a limit to minimize your loses, but keep your profit at the maximum. STICK TO YOUR GUNS!

4) Any profit is good profit. Even if you dont make much money, and you sell to early, dont get hung up on the fact you could have made more. It wont get you anywhere.

If you are serious about it, you need to get books and read. Warren Buffet has some books on investing, and the Technical Analysis of the Financial Markets by Murphy is regarded as a tech analysis bible. The great thing about trading is that there is a) unlimited amounts of information to learn and you can make real money.

Depending on how much capital you want to invest initially, look at Charles Schwab (which is what I use, but it requires a heavy initial investment. However, the tools they provide are arguably the best in the business), TD Ameritrade, and Scott Trade.

Feel free to pm me for more info.

This post was edited by khemist on Jul 17 2013 04:54pm

See a financial advisor.

This doesnt really help someone trying to trade on their own. However, many of the trading platforms (and for example, Charles Schwab) provide free trading information to their customers. Because I have an account with Schwab, I have access to articles, videos, and web seminars (as well as live ones) to give me the most amount of information regarding the type of trading I want to do.

Keep in mind you dont have to only buy shares. You can buy options, calls and puts, which are a type of derivative that bases its price off the future price of the stock. There is also less risky alternatives, such as CD, ETFs, and mutual funds.

Thanks.



Ok thanks.
I actually have 3 businesses that I know for a fact that are going to boom.



Right now I just want to try out shares.

prone never sczn no 1 free my warn %s

Which sites do you guys use?

Fundamental Analysis
Technical Analysis

Look these up, decide what you prefer for prediction analysis. Or use both. Good place to start for sure.
Most banks offer some form of self directed investing program for a small fee as well as advice. I do my investing through Royal Direct at RBC (RBC Direct Investing).

I would help you but people pay me to do that so naht gonna do it for free tyty