How do i learn to use and make $$ in the stock market?

Question

Any book recommendations? or advise would be appreciated!! thanks

Answer 1

Google the subject and read, read, read.

Answer 2

Here are some books about the market and those that have been successful in it.

What Works on Wall Street by James O'Shaunessey

Beating the Street by Peter Lynch

One Up on Wall Street by Peter Lynch

The Warren Buffett Way by Robert Hagstrom

How to Make Money in Stocks” and 24 Essential Lessons for Investment Success both by  William O’Neil

Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance.  (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why.  This site has some basic information for beginners.

Other website that can provide instructions and help with procedures and terminology are

Investopedia - http://www.investopedia.com/  Stock Charts - http://stockcharts.com/

http://www.investorshub.com/  http://www.1source4stocks.com/



Visit some of the more professional websites like Zacks - http://www.zacks.com/

Smart Money - http://www.smartmoney.com/  Schaeffer’s – http://www.schaeffersresearch.com/

Some of these web sites will have advertisers who are worth looking into also.  And remember, if they offer free information, get it.

Answer 3

We all learn by doing. Read as much as you can about the subject and open a free virtual trading account with http://updown.com

You then buy and sell stocks with that virtual account and see if you can make money with what you have learned thus far.

Good luck!

http://jsforex.blogspot.com

Managed Accounts in Forex Trading

Answer 4

Honestly...i read and read about trading and the stock market. I'd find answers here and there but never found a source that could answer everything without joining a forum or something. I signed up with Scottrade though and they have a local office. I found out sooooo much by going in there and talking to them one on one. At the very least just call one of their offices. You get to talk to the local guys, not some person in India, and they are extremely eager to help.

Also, if you do decide to go with Scottrade email me and i can get us both a few free trades (saves you and me both around $28)

Answer 5

Read as much as you can. Take what you learn and sign up at sites that allow you to trade a fake portfolio. Use this to test your different scenarios and trades.