The Stock Market?!?

Question

I am young (19), and I am interested in the stock market. Just interested. It seems like somthing I want to invest a small portion of my money into it ($2200 USD), especially in foreign currrency.

The problem is that I don't have a proper educational understanding of the stock market, yet I do watch CNBC when the discuss about the stock market. The network, however, doesn't inform in the matter of a viewer who is absolutely new to it.

Because of this, and my growing interest, I want to buy a few books relating to the subject of investing in the stock market. I don't of any, so can any of you give me some suggestions?

Answer 1

Go to Vegas and gamble your money away, its the same just with more fun. The only people getting rich are the one who take suckers for a ride.

Answer 2

Never  watch CNBC or Cramer .

  It will ruin you .

     Let Jim Rogers and Buffett advise you..

      Set up a Jim Rogers news alert.

       Read the Mary Buffett books

         Read -The Intelligent Investor

         Read Jim Rogers books

       Invest in value stocks and funds

         Buy IEP run by Carl Ichan

          No currency unless you are and expert

Answer 3

CNBC is not going to help you too much,

Start your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs.

Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki

Then try some of these

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

Mastering the Trade” by John Caster

How to Make Money in Stocks” by William O’Neil

The Disciplined Trader by Mark Douglas

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.

Good luck, study hard and you'll trade well

Answer 4

First off STOP watching CNBC.

These guys will NOT teach you how to trade stocks.

Top 10 investment books (Stocks)

1. Reminiscence of a Stock Operator

2. The Disciplined Trader

3. Mindtraps-Unlocking Key Investment Success

4. Market Wizards, and the New Market Wizards

5. Secrets of the Millionaire Mind

6. Sedona method course http://www.Sedona.com

7. Invest Like a Shark

8. Breakthrough strategies for predicting any market http://www.LucasWaveInternational

9. Listen to Financial Sense Newshour every weekend http://www.FinancialSense.com

10. Keep a detailed record of EVERY trade you do win or lose.