How so i start in the world of stocks and shares?

Question

I am very interested in starting out with small investments in the stock market. I have no experience and little knowledge of how to do this.

Also, i wouldn't know where to invest my money.

What are some good websites to help me out and can you please tell me how i can get started asap?

Thanks for your help.

Answer 1

go to the library and ask to see books by Susi Orman.

Check out the Fidelity.com website and read the investing 101 section.

Answer 2

1. Read up on the topic, lots of online information

2. Compare the different ways of investing

3. Jump in and buy some with small amounts of money, to see how it works

4. Build up your confidence and intelligence over time.

5. Spend money slowly, and don't invest all the money you have all at once

6. Most people advise you to do your own research.  This is because, it is the only way to really understand what you are buying.

7. Watch out for delays in the system, and look closely for sources of intelligence

Answer 3

First, you need money - then you need to research, research, research.

Answer 4

http://www.marketwatch.com/

http://www.minyanville.com/

http://www.stockcharts.com/

http://www.financialtimes.com/

http://bigcharts.marketwatch.com/

Answer 5

I think you are looking for a nuts and bolts answer - correct me if I'm wrong.

I assume that you have looked at some shares, seen their price fluctuations and decided which are the right ones to buy and at what price. If not then research is vital and much information on prices and what is happening with the companies can be gained from Yahoo's Finance section from the home page.

Then you need to contact your bank to register for their share dealing service. You can do this online and by phone. Once registered you can use the bank's website to get current prices to buy and sell, company information, set trade prices etc. Registration is free. Your bank will charge you for buying and for selling but it is all done online.

E-mail me if you want more specific information.

Happy trading.

Answer 6

If you have no experience and little knowledge about how to invest, you should definitely read some investing books or check out some online tutorials.  My favorite web resource is Investopedia ( http://www.investopedia.com/ ).  It's an excellent website to learn more about stocks and investing in general.

In order to start investing, you will need to open an account at a brokerage firm.  I prefer discount online brokers because they are much cheaper than full service ones.  I currently use Firstrade ( http://www.firstrade.com/ ).  They are cheaper than the big name brokers such as Scottrade, Ameritrade, Etrade, and Schwab.  I've been using them for quite awhile now and have been very satisfied with their service.  You should definitely check them out.

Firstrade currently has a refer-a-friend program, so if you're interested in opening account with them, email me for a referral code. It's a win-win situation because you'll get your first 5 trades free.

Answer 7

There're many websites dedicated to investing in the uk.

Try:

http://www.bloomberg.com

http://www.money.co.uk

http://www.independentinvestor.co.uk

Then you'll find more...