Investing in Stocks?

Question

hey I just turned 17 and I am interested in investing in stocks but I dont know how to get into it. Am I to young? How do i begin?

Answer 1

First of all open a internet trading account. I would recommend you to open at Thinkorswim. It can let you buy stock using virtual money. Help you to study first before you trade life.

Answer 2

I am also a young investor. The best way to get into it is to watch the markets and read the sites the other post mentions, they are very good. I suggest just watching for awhile then investing. However, if you HAVE to invest go for it. Even if you lose money now it can turn into a profitable thing down the road as you learn the ropes.

Answer 3

Don't invest a penny in stocks until you do your homework. You will be taken advantage of by the professional traders and investors. You're only 17, take a couple of years and read books about investing, read  Investors Business Daily, read Barrons, subscribe to The Motley Fool or Value Line.  When you think you know enough open an on line brokerage account that allows you to paper trade (you don't use real money) for a while before committing real money. And remember do not try to fight the trend of the market. If US stocks are down as they are now do not buy stocks thinking they will go up.  Wait for the tend to reverse than buy. I know you're anxious to get started, but doing it the right way can save you a lot of pain and save you a lot of money. And remember emotions have no place  when investing in stocks. You must stick to the facts and buy and sell based ONLY on the facts. Good Luck!