Question : what is the best way to do online stock trading for a first time starter who has no knowledge of trading?
I am completely new starter thinking to do online trading of stocks. But due to so many misleading informations and I am just confused which one to rely on. I think this place is where people share their own experiences.
- asked by santosh d
All Answers:
Answer #1
Go to Sharebuilder.com and check it out.
- answered by Jeff S
Answer #2
The first thing you must do before you begin toinvest in stocks is to define your long term andshort term goals. You will need to determine whydo you want to invest in stocks and not put yourmoney into other investmnet vehicles. Once youhave determined these factors, you must determinehow much time and effort you will have to devoteto your investing. There are different strategiesand styles that suit different people. What worksfor one perston may not suit another. Some of theinformation you will run across on the Internetwill be good and some of it will be worthless. Itis up to you to develop your own investment styleand objectives. Then go out and find stocks thatfit your defined creiteria. Just starting out youshould read all of the information that you canabout investing in stocks. There are web sites toteach the beginner how to invest in stocks. Yowwill need to learn how to pick your own stocks andnot rely on the advice of others. If you rely onanother person's advice you will surely lose moneyin the long run.So the bottom line is to become asknowledeable as possible about stock investing.Define your investment goals and develop a plan.Then just stick to your plan.
- answered by anthony s
Answer #3
Join:
http://finance.groups.yahoo.com/group/TradingZoom/and follow the pros' picks for a while.
- answered by slavaret2
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measure and fulfill your financial needs
