What do I need to do to begin investing stocks?

Question

I'm not looking for a get rich quick scheme. I do not have a lot of money to play with, and just want to try to make some sort of nest egg for the future. Who would I talk to in order to begin such an endeavor?

Answer 1

Pick the best stock broker, one with low fees.., it took me some time to see that most of my gains were lost to the fees i paid to actually buy stock and sell it, i suggest zecco, they were recently given a great review by wall streets "smart money", and are the ONLY ones who offer free stock trades.

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

Answer 2

I suggest that you start with a mutual fund. Since you are young, I would start with something a bit more growth-oriented and aggresive, like a global fund that invest in US and stocks around the globe. This is a global economy afterall.

T.Rowe Price has a good global fund, so does several other mutual fund companies.

Answer 3

If you want to start a stock portfolio on your own, you can go to scottrade and open an account for as little as $500. If you want advice you can go to several others.

What I would suggest is starting with books from famous investors (audiobooks are a quicker way to go) and they can be found at you local library.

Answer 4

Go get yourself a book or two on trading stocks. Read them when you fully understand how stocks and options work. It will be very rewarding. When I first started trading stocks I didnt know how to use options.

    Once you understand how to use options you will learn how to protect your investment as well as rent out your shares for a monthly profit. Go take a look on youtube search for stock options of something. There are a couple good tutorials and a couple bad ones.

     Once your confident you can make money when stocks are going up and going down then its time to invest. Stocks are risk if you dont understand how to place trades.

Answer 5

You don't need to talk to anyone.  Everything can be done by yourself.

First, I would recommend that you first read some books on investing and explore some online tutorials.  One of my favorite sites is Investopedia ( http://www.investopedia.com/ ).  You should definitely check them out.

Next, you will need a stock broker.  Since you do not have a lot of money to play with, I would recommend that you open an account at an online discount brokerage firm for cheaper commission rates.  I currently use Firstrade ( http://www.firstrade.com ) and I would definitely recommend them.  Their commission rates are cheaper than big name brokers such as Etrade, Ameritrade, Schwab, and Scottrade.  I would also not recommend using Zecco because they only give free trades if you deposit $2,000 or more.  Plus, unlike Firstrade's, their website is not beginner friendly at all.

Answer 6

I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.

If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you to diversify your money and become much richer than you are today.

My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:

We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.

Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.

Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.

For me "All stocks are equally worthless”

I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.

I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.

Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin… That´s why so many new traders (and investors) lose money.

Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.

The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.

But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.

It's easy to see why trading the open is the market's prime time for profiting from other online traders.

The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.

Learn to trade as a professional Market Maker, not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.

There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points in minutes OTHER than during the first hour the stock market is open, that means: if you are buying or selling short a 1000 shares per transaction, you´ll make $1000,$2000,$3000,$5000 or $7000 Usd "IN MINUTES !!!" not in a day, not in a week, not in a month or in a year, in less than 60 minutes... That's why I love trading the open so much.

I trade only when I have an edge and that means "only the first hour the market is open".

If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.

I can carry on for hours on how to make money trading online, but if you ask me:

"What is your best advise?

I will say:

Give yourself a BIG favor and go to this "Top Secret" site and learn how to get by yourself the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen.

www.onehourtrading.com

After you review this site you won´t need any system, strategy, book, software, guru or mentor to tell you what to do, you will be able to profit HUGE every day.

Besides, you´ll learn:

• The right amount of money to start trading…

• The best Online broker out there…

• Learn how to enter and exit a trade in seconds making Huge profits…

• Make more money than most day traders simply by trading one hour a day!!!

• How to reduce stress, limit risk and stay disciplined like a Pro.

• The 4 basic rules you should know, that every successful trader know, and amateurs don´t even imagine.

• How to trade against the amateurs and avoid like the plague doing it against the professionals , and why this will put you ONE STEP AHEAD of all traders.

• What causes more devastating trading loses than any other factor... and... How to avoid this pitfall! (Even savvy traders often fall victim to this! )

• Not to spend most of your day in front of a computer dealing with complex charts, software or technical analysis.

• Learn how to read the market´s open to make a huge profit just a few minutes after the opening bell.

All this and a lot more…

Good luck and good trading,

John Fontaine

Answer 7

- First open a virtual trading account with updown.com.

- buy and sell stocks with that demo account until you will know when to invest, and when not to invest. This defines your investing method.

- when you can buy and sell stocks with this demo account and show profits three months in a row, open a live trading account with an online broker of your choice.

- buy and sell stocks with your live account using your trading method.

Good luck! - jim http://jsforex.blogspot.com