I am getting into stock exchange?

Question

and I am going to do the day trade terminology to get some little money in a daily basis.

Any ideas or experiences to share with me? Please don't be over exaggerated in none of positive or negative ways cause I know that it can be a dangerous game.

Thanks a lot :)

Answer 1

BUY A no load mutual fund.  You dont know what the **** you are doing if you are asking queastions on Yahoo answers so just put it into a mutual fund and watch it rise.  You can find some good ones on morningstar.com.

Answer 2

Study, and don't expect too much. Day trading doesn't mean you get to "get some little money in a daily basis".  Sometimes, you just lose money.  

Daytrading is something extordinary complicated.  Until you are fairly sophiscated in regular investing (buy and hold), and learn how to read charts, you shouldn't get into daytrading.  It's not about terminology, but a lot, A LOT, of homework and quite a bit of luck.

Answer 3

Based upon your diction I would suggest you start with some research. Try http://www.marktetstock.net for starters.

Answer 4

Based on your question you should study about the market, the products sold in those markets and the rules & regulations covering those markets.

You get into the stock exchange, one gets into the stock market.  Getting into the Exchange will cost you about one million dollars.  

Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

Then try some of these

What Works on Wall Street by James O'Shaunessey

Beating the Street by Peter Lynch

One Up on Wall Street by Peter Lynch

Trading For a Living by Alexander Elder

Mastering the Trade” by John Caster

How to Make Money in Stocks” 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. If any site offers free information, take it.

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/

Good luck