I need help learning the stock market?

Question

i am 15 years old and i want 2 start 2 practice buying and selling stocks 2 get the fill of things. i also wasnt sure if u had 2 be a certain age 2 get a credit card and actualy set up a account on a broker website and trade real stock. or if u had 2 be a certain age 2 have a account like that.

Answer 1

Go to updown.com and open a virtual trading account.

Answer 2

You can always discuss this with your parents and open a joint brokerage account.  I currently use Firstrade.  I'm not sure if they offer parent-child joint accounts, but you can definitely go check it out

Another options to invest through dividend reinvestment plans (DRIPs), where you purchase stock shares directly through the company.  One very popular choice is Disney.  You can find out more information here: http://corporate.disney.go.com/investors...

Answer 3

First off, you're too young. Problem with this generation is you all want something for nothing. Very, very few of you are willing to learn the right way to do anything. You all want an easy fix or get rich quick. Even seasoned professionals lose money in the market. I could easily tell you how to go about learning how to buy and sell stocks, trade and manage risk but like I said, it would require time; even money. Your generation just isn't willing to take that rout. Do as others have suggested, find an on-line website that will let you do virtual trading. It's more like a game then, that's what the X & Y generation are most intrested in anyway. Even virtual trading doesn't parellel real trading realisticlly.

Answer 4

You are too young to dabble in stock markets.

You must be age 18 to enter into any contracts. Hence please wait till you complet this age qualifications.

Meanwhile you can start learning by observing and noting the same in your records ( paper trading, as it is better known ). It will be very very good for you.

In case you need any specific information, do email me. Am in the same space and Mumbai based.

Best luck.