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View Full Version : Stock Trading


TU144
05-15-2007, 08:05 AM
I want to learn how to trade stocks. Maybe try day trading. Also interested in learning about penny stocks. Anyone know if there are lessons I can take somewhere?
Thnx.


NTxpilot
05-15-2007, 09:01 AM
I would just start picking up some investing books and get to reading. Learn about the different styles of trading (of which day trading is one), find one that you are comfortable with and go with it. Just make sure you really understand the risks before investing.

Pick up some books by Joel Greenblatt, I think he wrote 2. I personally haven't read them yet, but I hear they are quite good.

Go to www.investopedia.com. Register for the stock simulator. If you don't have any previous investing experience, or just want to try your hand at a different approach (like options), it is a great place to learn. Free of charge.

Good luck.

TU144
05-15-2007, 10:13 AM
Thnx
Welcome to the forums


Flyby1206
05-16-2007, 12:49 PM
Penny stocks are very risky and rarely pay off. If you want to find a way to have leverage without putting down a ton of cash then learn about investing in options. Still risky, so be sure you understand what you are getting into. The investopedia website is great and has tutorials on all different types of investing to learn about. Good luck!

LarianLeQuella
05-16-2007, 04:21 PM
Make sure to understand all the fees and implications of stock ownership as well. I've seen some folks think they are making money, only to lose it oll in trying to buy and sell numerous stock to the fees. ;) As others have said, investopedia is probably the best bet as a start.

Of course, there is no substitute for good luck!

TU144
05-17-2007, 04:58 AM
Thnx guys. I wonder if there is any actual classes one can sign up for.

Flyby1206
05-17-2007, 06:25 AM
Thnx guys. I wonder if there is any actual classes one can sign up for.

I would recommend spending some time in front of the TV watching CNBC. It will all seem like gibberish at first, but then it slowly starts to make sense and you can see trends in the market. Go here: http://biz.yahoo.com/industry/index.html
And pick a specific industry that interests you. Focus on that and read lots of articles to learn as much as you can while you play around on invesopedia.

f10a
05-18-2007, 01:38 AM
Forget stocks, look into a managed forex account! I use Striker and have had excellent results.

http://www.strikerfx.com/forex_systems_trading_managedfunds_FX.php?page=06_ managedforexfunds

crewdawg
07-02-2007, 06:58 PM
Check this out, it even has a game section for investors.

http://vse.marketwatch.com/Game/Homepage.aspx

PLTwnab
07-06-2007, 09:58 AM
I don't trust stocks either. My grandpa lost $70,000 in stocks. Some of those people will have you believing you're earning money when you're actually losing it...they are smooth...you really need to know what you're doing...

as far as investment goes, you could try this: http://www.hsbcusa.com/

my uncle invested in these accounts and makes a decent amount. It's not like a certificate of deposit b/c you can withdraw from it within about 3 days if you need and it's fairly high-yielding...

172capt
07-06-2007, 10:05 AM
On CNBC great show called Mad Money the guy is great catch it sometime its on in the early evening.

JMT21
07-06-2007, 11:19 AM
I don't trust stocks either. My grandpa lost $70,000 in stocks. Some of those people will have you believing you're earning money when you're actually losing it...they are smooth...you really need to know what you're doing...

as far as investment goes, you could try this: http://www.hsbcusa.com/

my uncle invested in these accounts and makes a decent amount. It's not like a certificate of deposit b/c you can withdraw from it within about 3 days if you need and it's fairly high-yielding...

Like anything else, if you know very little about something it tends to be pretty intimidating. The stock market is pretty risky in the short term, but not so much in the long run. The S&P 500 has been a pretty a safe bet if you know very little about investing in specific stocks.

On CNBC great show called Mad Money the guy is great catch it sometime its on in the early evening.

Jim Cramer is pretty good. If you do a quick google search, there's people who have done research on his picks; most of the time he's about 50/50. He's a very smart man and it's worth watching regardless.

Ditto whoever said to just sit in front of CNBC, it makes a difference. Check out Street Signs at 1pm central. The hostess, Erin Burnett, is a goddess.

beechbum
07-21-2007, 12:19 PM
Stocks can be good if you buy good quality investments and hold on to them. When you try tading stocks a lot, like day trading, you should learn your lesson pretty quick.

maximaman
07-21-2007, 04:21 PM
I heard that investing for dummies is a good book to read if your looking for some investing advice.

determined2fly
08-07-2007, 03:57 PM
I want to learn how to trade stocks. Maybe try day trading. Also interested in learning about penny stocks. Anyone know if there are lessons I can take somewhere?
Thnx.

These questions sound all too familiar to me. A couple of years ago, I asked the same questions looking to make a quick profit. I ended up losing...

There are alot of great books out there that will help you with your online trading. Ive read a couple and they have helped me out alot with my trades...Peter Lynch is a good start. Good luck and happy trading.

determined2fly
08-07-2007, 03:59 PM
...you may also want to try a class at your local college. I took a ECON 130 class...i learned quite a bit about stocks there.

LAfrequentflyer
08-18-2007, 01:18 PM
I heard that investing for dummies is a good book to read if your looking for some investing advice.

Personal Finance is better. A lot of people lack the basic money skills past generations had....Sad...Not saying you are one of those people...

-LAFF

TU144
08-25-2007, 08:33 PM
...you may also want to try a class at your local college. I took a ECON 130 class...i learned quite a bit about stocks there.
ye i went to a business school but there was no classes that would actually teach one how to trade stocks