I would like start Trading, I am biginner, so please let me know ultimate guide on this

Question

Ultimate guide for Trading for a beginner....

Answer 1

Before you begin trading, you must do some research and learning.  There are many great investing books and online tutorials out there.  My personal favorite web resource is Investopedia ( http://www.investopedia.com/ ).  You can learn a lot from that website.  They even have an online trading simulator so you can test your strategies before jumping into the real market

After you have acquired the knowledge you need to start investing, you will need a brokerage account to start trading.  I currently use Firstrade ( http://www.firstrade.com ).  They are cheaper than the big name brokers such as Scottrade, Etrade, Ameritrade, and Schwab.  Their website is also very easy to use, perfect for beginners.  I would definitely recommend you to check them out when you're ready.

However, I would not recommend using Zecco. First of all, their 10 free trades per month deal requires you to deposit at least $2,500. Plus, their website is very hard to use, definitely not beginners. They may seem cheap, but they charge all sorts of unnecessary fees for other services.

Answer 2

Before going to Trading, check any of your friends are doing trading. If yes, then keep talking with them regularly about trading. Take there help  while doing Trading.

Iam also done the same thing when iam a Beginner. Even if i mention here you may not be able to understand because practical experience is more important than Therotica knowledge.

But you should have through knowledge before you start trading.

Keep trking of all stocks. Rates how they are changing etc.

if you see practically you will understand rathger then theory

Answer 3

i started with zecco.....still use it, still very happy. only ones with no fee for stock trades, and no minumums.  it took me some time to see that most of my gains were lost to the fees i paid to actually buy stock and sell it....all the others will charge you fees for trading, but compare and see for yourself!

http://friends.zecco.com/r/a7a2877caab81...

Answer 4

Before you start trading , you should first learn about the working of the stock market. You should be familiar with the terms your broker will be using and all that you will come across , So at first try to learn about the stock market itself

You can visit the following website www.marketguruzi.com

And from my experiance i would like you to first try online stock trading stimulating games .

and also that when you start trading with real money , dont go for intraday trading and margin trading for atlest 6 to 12 months  

Answer 5

There are lot of resources available on the internet regarding trading approaches.  You can start studying the different trading approaches and strategies used commonly like swing trading, elliot wave trading etc.

But before you start actual trading, make sure that the strategy really works by trading in stock market games.

You can also look at this link below :  

Answer 6

There are plenty of free resources on the internet about trading.

However, I would suggest picking up a few the "Dummies" books if you are a complete novice.  They explain things in a way that is easy for novice investors.

Answer 7

If you are new to the stock market, some research is necessary to be done on your part.

Try the below url:

http://www.sogotrade.com/help/faq.aspx.....

For New visitors, it has extensive information available like:

How do I get started?

How do I fund my account to buy stock?

and Investing section gives information like:

How does the stock market work?

What are the risks and advantages of investing in the stock market?

How do I choose what to buy?

What are some tips for beginning investors?

The following tutorials might be helpful to you:

Definitions: http://www.sogotrade.com/Help/Glossary.a...

http://ezinearticles.com/?Stock-Investin...

http://ezinearticles.com/?Things-to-Know...

http://ezinearticles.com/?How-To-Buy-Sto...

Answer 8

This is the ULTIMATE GUIDE to learn how to trade-- LEARN BY DOING.

If you want to learn how to trade stocks, go to http://updown.com and open a virtual trading account. If you wish to learn how to trade foreign exchange, open a demo trading account with http://fxtrade.oanda.com

- trade as much as you can with that demo account each day. You are doing this so you can define what your trading method will be: when to trade and when not to trade.

- after you have defined your trading method, fine tune that some more, trading in both rangebound and trending markets. Trade your method also in different time frames from 5-minute charts to day charts. Your method should work in all time frames.

- when you are able to trade with your method and consistently make profits three months in a row, open a live trading account.

- with a live trading account, you will learn that this is entirely different from trading a demo account. You will find that your ego, and your emotions take over. Learn to control them.

- when you are able to trade your live account using your own methods, and consistently show profits three months in a row, add more funds to your account.

It's that simple. Along the way, everything that you need to learn to be a successful trader will either come to you, or you will seek the answer for them.

Good luck!

http://jsforex.blogspot.com

- Jim Syyap, Managed Forex Accounts

Answer 9

Stock market is a place where you are required to take immediate and quick decision. It means you have to be informed. Buy or sell a share only based on concrete information. Find a friendly broker who can help you along. There is no priciple in market to study but you learn by practice.  

Answer 10

You may start tracking few stocks and see how does it work. Do a thorough analysis why it is going up or down. Is it only because of the market going up or down or is there any other news which makes it go high or low. You may also track the free stock tips given on www.bsestocktips.com and see if they are correct. You may follow the same for sometime and once you are satisfied, you may go ahead and start trading.