Friday, April 15th, 2016

I want to get into stock trading where to start?

I Only Have $ 1000 and I am not sure WHERE to start. I want to make good Educated Decisions About What stocks I buy But I do not know Where to start. I am not sure if I Should use something like Etrade to buy and sell or what. What type of stocks or Would Be best. I am a 20 yr. old college student just Trying to explore possible career fields.

Comments

6 Responses to “I want to get into stock trading where to start?”
  1. Shaun R says:

    You should first take time to learn how the stock market works. When you have a good grasp paper trade for a while if your making money maybe start trading with real money.

  2. TJS says:

    Before you start investing at all you need to eliminate a majority of your debt and have an emergency fund in place.

    After that – and only after that – you should read “The Intelligent Investor” by Ben Graham. This is the same guy that taught Warren Buffett how to invest. If you do 1% as well as he has you’ll be a millionaire several time over. Don’t buy a single stock until you’ve educated yourself.

    And don’t get sucked in by any of these get rich quick or day trading schemes. If it was that easy, they wouldn’t be selling their secrets for $99.95, right?

  3. Copse says:

    Go to http://www.moneycentral.msn.com. Click on stock. Good luck!

  4. joe says:

    Well, the best place for you to put your money, is probably zecco.com . You can trade for free when you open an account. Typically, $1000 is a small amount to invest, So if I was you, I would invest it into penny stock. You can buy alot of stock for very small amounts of money and it still rises and falls like the big boys. and who knows you might find a break out penny stock that soars. After all Priceline was a penny stock at one time!
    you can go to otcbb.com to do research on penny stocks.

    Hope this helps, If you need a loan for such venture you might go to http://www.merchantlinker.com

  5. cesarmartinez209 says:

    i recommend you open your account with zecco.com they offer 10 free trades a month. you cant really make a dent with 1,000 trading stocks so i recommend you invest in an eft or mutual fund.

  6. A nobody says:

    would you buy a car without knowing how to drive it,
    then why would you open a brokerage account without knowing what products are out there, what you have to do, or how to do it after you figure it out.

    Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

    Start your education by learning why you should invest, and the importance of being able to make your own decisions. See how the pros have done it. Start by reading, What Works on Wall Street by James O’Shaunessey, Beating the Street and One Up on Wall Street both by Peter Lynch, The Warren Buffett Way by Robert Hagstrom, Trading For A Living by Alexander Elder; “Mastering the Trade” by John Caster; “How to Make Money in Stocks” by William O’Neil; and The Disciplined Trader by Mark Douglas

    Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. While at MSN read the Commentaries by Jim Jubak, Jon Markman, Harry Domash, and Liz Pullman Weston. Following the strategy lab analysts to get a feel for what the pro’s 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.com, Stock Charts.com, investorshub.com; and 1source4stocks.com
    Visit some of the more professional websites like Zacks.com, Smart Money, Schaeffers.com, Trading Trend, Trading Markets, these website 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.

    Educate yourself before you make a fool of yourself or worse yet loose your money

    Go for it and good luck

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