Question about the stock market

Question

Ok, I have a question for you guys, when I check a certain stock and it says it went up 1.56 does that mean it went up 1 dollar and 56 cents???? And if a stock says the last trade was 20.54 does that mean each share costs 20 dollars and 54 cents?? Also if there is any other good advice you have about the stock market rules feel free to tell me because I am interested in getting involved in the stock market, also is there a website I can go to for free stock predictions?? Thanks to all who answer, your advice is very much appreciated

Answer 1

Yes, 1.56 means the stock went up by that price.

When it says last price of 20.54, that means that each share/stock is at that price.

My advise to you- if you want to make money, i recomend that you by mutual funds or ETFs.

With a etf or mutual fund you get to buy into a basket of stock, which lowers risk. Remember stock market can be very risky, especially if you dont know how to diversify(lower risk).

I recomend you watch CNBC. See if you like Jim Crambers Mad Money.  

Answer 2

I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

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

Answer 3

Yes you are correct.  I've been happy w Schwab for the past decade.  It has low account minimums and $12.95 per trade.  Very good research off the website and they have offices, and helpful english spreaking support staff, you can visit in many cities if you want.

Also good info on Yahoo finacial and the Motley Fool websites.  Free learning is out there.