Question : how can I get into online stock trading?
Hello. I like to study online stock trading and earn something. But i know nothing about commerce. where I can get a good knowledge and get into stock trading investing?
- asked by me
All Answers:
Answer #1
Go sign up on a site, first one i can think of isetrade but check them all out and see which oneyou like best.
- answered by JMS2060
Answer #2
TD Ameritrade and eTrade are good sites. You signup, transfer money into them from your bankaccount, and buy stocks directly. As far asknowledge, it's been proven that pigeons crappingrandomly on the Wall Street Journal can pickstocks just as well as any broker. Just usecommon sense, if you want to stay on the safeside, go with big companies that you know aren'tgoing anywhere, like Apple or GE.
- answered by Daniel
Answer #3
I got into online trading just a little under ayear ago and have been very successful with it(i've made several thousand since I started).WhatI did was monitor several stocks I was interestedin (i use the stock gadget available on the GoogleDeskbar) and see if I had a good eye for pickinginvestments. After I felt comfortable withplaying around, I looked at several of the betterknown online trading sites (Scottrade, Etrade,Ameritrade) and picked the one that offered thebest signup deal at the time (for me, it wasAmeritrade with free trading for 30 days and a$100 sign on bonus if you started with 10k ormore).I took advantage of the commission freetrading and earned a little profit for the firstmonth...honestly though it was my long terminvestments that yielded the most returns. Alsoyou have to be careful with buying and selling inshort periods of time otherwise you will belabeled a "day trader" which subjects your accountto more restrictive rules. Read up on some ofthese things, then find a good trade site andstart trading!Now's probably a good time to buyinto stocks...we're in a economic slump now sothere's some good values out there. My otherpiece of "newbie" advice is to go with well knownstocks, not the longshots...i put some money intoa few penny stocks and got burned. Good Luck!
- answered by ap472
Answer #4
I highly recommend learning about stock options.You can buy options much cheaper than buying stockitself, also you benefit from much more if thingsgo your way. I taught myself..I don't have muchmoney, and you don't need much to start. I useoptionsxpress.com they have tons of informationabout trading, not just options, but many types ofsecurities. I've used others before ameritrade,and scotttrade. So far OX is my favorite. Its hasa very simple layout and can project yourpositions based on your input. Options are kind ofa tough concept to grab because we don't regularlyuse options to make everyday purchases(wouldn'tthat be nice)..but it will make sense when youread the Education tab and start learning. Theylet you take practice positions(no money) also, tosee how you would do in a real situation. Try it.Enjoy.
- answered by DJ Curve
Answer #5
for online trading first u have a need of demata/c in indibulls or other. then u have to installthe on line software for trading in shares. thestockbrocking firm will provide u all thesethingin return u have to pay brokerage charge tocompany.
- answered by vipin meerut
Answer #6
Take a year before you open a trading account. Themost important thing you can do is learn. Startwith easy books like "Investing For Dummies". Then add additional books to increase yourunderstanding.You'll save tons of moneybecause;You won't buy penny stocks foryears.You'll never take stock investingtips.You'll always have an exit plan before youbuy a stock.You'll know that stockinvesting/trading is not about hitting "homeruns".Good luck!
- answered by Common Sense
Answer #7
There's no difference between on-line trading andregular trading. Unless you understand some ofthe basics, going to on-line trading sites is anabsolute waste of timeStart your investing/tradingeducation by learning why you should invest, andthe importance of being able to make your owndecisions. See how the pros have done it. Startby reading, What Works on Wall Street by JamesO'Shaunessey, Beating the Street and One Up onWall Street both by Peter Lynch, The WarrenBuffett Way by Robert Hagstrom, Trading For ALiving by Alexander Elder; “Mastering theTrade” by John Caster; “How to Make Money inStocks” by William O’Neil; and The DisciplinedTrader by Mark DouglasGet into the habit of makingdaily visits to some websites like MSN Money andYahoo Finance. While at MSN read the Commentariesby Jim Jubak, Jon Markman, Harry Domash, and LizPullman Weston. Following the strategy labanalysts to get a feel for what the pro’s aredoing and why. This site has some basicinformation for beginners. If any site offers freeinformation, take it. Other website that canprovide instructions and help with procedures andterminology are Investopedia.com, StockCharts.com, and 1source4stocks.comVisit some ofthe more professional websites like Zacks.com,Smart Money, Schaeffers.com, Trading Trend,Trading Markets, these website will haveadvertisers who are worth looking into also. Andremember, if they offer free information, getit.Attend all the free seminars you can, just becareful and don’t get pressured into anythingyou really don’t want or need. Most schoolsoffer courses in finance and economics, but veryfew will have courses on the mechanics of theinvestment markets, if they do try taking thecourse. You may want to consider on-line courses,the New York Institute of Finance use to have suchcourses. Try to get some fee information from thestocks exchanges they all have (had) freebooklets, SIAC and some of the regulators (FINRASEC MSRB CBOE) may provide some freeliterature.What do you need to go into themarket?1 - A written sound trading/investment planwith rules that will not only help you but moreimportantly protect you, mostly from yourself.2 -Sufficient trading/investment capital. Use yourown money, there’s no need to go into debt sothat you trade/invest.3 - A written moneymanagement program in place. Remember never invest100% of your capital into any one security andnever have 100% of your capital invested.4 – Afull and complete understanding of the rules ®ulations of the industry.After you learn thebasics, then you can go into the markets,but to doit the other way you're going to endup with a verycostly education.
- answered by A nobody
Answer #8
Open a brokerage account and I will help you forFREE. (I am a Portfolio Manager)
- answered by Formely known as Frank Castle
Answer #9
you can consider to take it look at
http://investment-blog.net/category/daily-investments/where it provide some personal stock picksactivity daily which is also go with the latestmarket trendsand you need a acc totrade
http://investment-blog.net/where-and-how-to-invest/
- answered by Investors_noob
Answer #10
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http://click2earn.rediffblogs.comAnd startyour earning.
- answered by Cham
Answer #11
Hi,I used "Seisma" to invest in Oil and GasIndustries.They managed to give me 35% return ofinvestment.It's legitimate.I came across thiscompany on TV business news.Check it outhere:
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- answered by Jennifer
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