Stock Market Beginner?

Question

What would be a good book or internet school for a person that wants to learn to invest but has no possible idea were to start.

i would like a book that teaches you evrything about the market including. Market Terms, currency trading, internet trading, explains what hedge funds and bonds are, and tells you how to invest when starting with nothing.

I am 14 and plan to start investing within the next month

also i will be taking a general business class this year in school and i would like to excel in that class.

Answer 1

There are classic about investing in general:



Intelligent Investor: A Book of Practical Counsel by Benjamin Graham and Jason Zweig

  

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel

Then there is Investing for Dummies, and several personal finance and trading books ....for Dummies.  These are actually very good intro books plus vocabulary lessons.  Too bad about the dumb titles.

Answer 2

Start at http://finance.yahoo.com and on the investing tab, choose education.  That will be a good set of primers.  Then you will better be able to know if/what you want to learn more about.  But in the mean time that will cost you nothing and get you started.

Answer 3

Here is some reading material that can get you started in the right direction,

What Works on Wall Street by James O'Shaunessey

Beating the Street by Peter Lynch

One Up on Wall Street by Peter Lynch

The Warren Buffett Way by Robert Hagstrom

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/

Visit some of the more professional websites like Zacks - http://www.zacks.com/

Smart Money - http://www.smartmoney.com/  Schaeffer’s – http://www.schaeffersresearch.com/

Some of these web sites will have advertisers who are worth looking into also.  And remember, if they offer free information, get it.

Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses.  Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

Good luck,study hard

Answer 4

This is not meant to be insulting at all but "Investing for Dummies" is a great book that covers a wide range of information about investing, the markets, investment options, strategies, etc.  Also, as the previous answer mentioned Yahoo! Finance and Motley Fool are also good options for free education.  Congratulations to you for making this wise choice at such an early age. This is an incredibly important topic for people to be informed about.

Answer 5

I have a free book on hedge funds here: http://hedgefundsbook.com