What are Some Investing Tips?

Question

Yes hello I am a total new investor in the Stock Market. I am looking ot purchase stocks but I am not very clear with the stock Market.

Can you please provide a link to website that explains the basics of investing or list some key terms or common words used in investing. If you would like to, feel free to provide your own explanation of the common stock market.

Some Questions are:

- How do you purchase a stock?

- How are people getting rich off stocks?

- How do you invest in a product that a company is selling?

Thank you very much!

Answer 1

Check out www.investopedia.com if you are interested in stocks

Check out www.babypips.com if you are interest in forex.

- You purchase stock on an exchange through a broker or a special type of bank account. Nowadays almost everyone trades themselves online.

- You get rich off of stocks by buying low and selling high (or selling high and buying low, if you want to get complicated.) Most importantly to get rich you must KNOW WHAT YOU ARE DOING!

- You can't invest in a single specific product, only the company itself. For example you can invest in the company Apple, but you can't specifically invest in iPods.

Hope that helps

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Answer 2

you might want to buy stock in anefx i do and its doing great.

Answer 3

1) You purchase a stock through a stock broker. There are two main types of stock brokers. One type of broker is a Discount Broker, which simply sells and buys stocks on your behalf. Nothing more, nothing less. A full-service stock broker however, gives you info and investing information on a particular stock and it's industry. Full service is a lot more expensive in comparison to discount. However, I recommend you choose full service since your a novice in the stock market.

- Buying low, selling high and holding for the long term. You can't get rich by Day Trading as it involves too much risk and the commissions totally eat into your profits. Big name investors such as Warren Buffet, Peter Lynch etc all hold for the long term. That is arguably the most fundamental rule when it comes to investing.

- That statement is ambiguous.

You can, however, before entering the real world, practice online with Investopedia. It's stock simulator gives you $100,000 cyber money for you to practice. I'm currently using it and it's great. It'd also save you from a lot of tears and havoc in the real world.

Some major rules of investing in the stock market:

- Hold for the long haul.

- Don't buy stocks because the media recommends you to.

- Do your homework (e.g. reading it's financial status, of which you can learn more on Investopedia).

- Invest in yourself. Don't buy stocks because of your emotions.

Useful link: http://www.investopedia.com