I really want to start trading, where do I start, how do I learn, I want to make money quickly...!?
405416
Congradulations, you have decided to enter the markets at an ideal point in the equities cycle. The only drawback being it may lead you to believe trading is easier than it actually is.\n\nThe best place to start is by opening an account with an online broker. This requires a minium deposit/balance of $500 to trade. Scottrade is one of the few that offer low commissions, no inactivity fees, and pays interest on your account balance. With around $2000 in your account you can even write checks from it.\n\nAs far as learning, go to your library and borrow books and videos (a cheap resource many books/videos on this subject are around $100 each). Also watch TV business news (NBR on PBS or CNBC). Current stock market guru Jim Cramer(CNBC's Mad Money host) has an insitefull book "Real Money" not that this is all you'll need to know but its a very good start for a beginner.\n\nWishing you the best of good buys!\n\np.s. if you choose Scottrade tell'em account number 81739872 sent you, I'll get some free trades, you'll get the continued benefit of my experience, just email me.
546035
Open an online brokerage account with Ameritrade, Scottrade, Tradeking etc and buy shares for say 2000 USD. Sell it after you have gained atleast twice of commission (say 10*2) by looking at ur balances every day. It may go down initially butdon't lose heart on that. It eventually will go up (2min, 2days, 2 years...). Stock investing is basically finding a safe stock which doesnot give you a loss after your waiting period and investing in it. \nTo a beginner like you a safe stock could be EWD
1049884
learn how and become very good at investing.......how to short as well as go long........look into options also
755989
Your question reveals the fact that you are a complete newbie with very weak basic, fundamental knowledge in the stock markets and is about to do something you might regret for a very long time.\n\nListening to free, off the street advice is an expressway to disaster. Read more good books and articles on investments to expand your vision and horizon before you decide to go deeper into the subject. For some of the best investment books that I have ever read, please visit http://www.bestoptiontradingbooks.com\n\nInvesting or trading the stock markets never start from asking how to buy a certain stock ... it starts from adequate investment and trading knowledge. There are quite a number of things you need to learn before you can even start thinking of the stock markets ...\n\n1. You need to understand how the stock market works and what it is exactly about.\n\n2. You need to know what are the different styles of trading in stocks and shares. \n\n3. You need to read about why so many people lose their shirts in the stock markets so that you can avoid their mistakes and also decide if this is a risk you want to take.\n\nFor all these issues and more, you can read about them from some of the articles that I wrote at http://www.mastersoequity.com/articles.htm\n\nAfter you are adequately armed with the basic concepts and ideas, you need to know how to find profitable stocks to trade or invest in. You can do that the easy way by subscribing to stock pick services (example http://www.stockpickmaster.com ) or you can learn to use charting tools and softwares to find stocks with parameters that you can pre-define. (example http://www.worden.com ) \n\nAll in all, investment and trading is a lifelong education and non stop learning. No one is ever done learning and catching up with changes in the markets. \n\nIf you care to read about how I went from completely broke to retired millionaire trading stocks and options by 28 years old, you can go to http://www.mastersoequity.com/\n\nRemember, the slogan "Just Do It", Just won't do for the stock markets. If profiting in the stock markets is as simple as buying a single stock , then why are so many people still poor?\n\nAfter you have all the above mentioned knowledge, you need to ask the following golden questions before you can decide whether a stock is worth buying or not :\n\n1. Why are you of the opinion that this stock will rise?\n\n2. Is your opinion valid in the first place?\n\n3. When are you expecting it to rise? Can you hold on for that period of time or longer?\n\n4. What is your expected entry price? After what price would your expected profit margin be too thin to enter upon?\n\n5. Where is your expected stop loss point? What is your stop loss point based on? Where will you tell yourself that it is time to take a loss and get out?\n\n6. Where is your expected profit taking point? What is your profit taking point based on? \n\n7. Does the way you are buying the stock allow you to hold on until your expected profit taking point?\n\n8. How much of your money should you dedicate to this one trade?\n\n9. What is the level of primary, secondary and idiosyncratic risk you are undertaking when deciding how much of your fund to use?\n\n10. What is your cashflow need? Does your cashflow needs allow you to hold the full lifetime of the stock?\n\nAfter you are able to answer all these questions confidently, THEN you are ready to... PAPER TRADE your stock strategy. Yes, even at this point, you are NOT READY to trade for real. You should trade on PAPER for at least 6 months and become consistently successful BEFORE you take your stock strategy into real life.\n\nThen.. you are ready to start... but there is still no guarantee of success as paper trading is very different from real trading. You will need another maybe 1 year or 2 trading very little money and be consistently successful BEFORE you are ready to increase your stakes.\n\n\nSo, as you can see, success in the stock market
191169
The best way to get started: LEARN as much as you can about the market. And then start trading on a paper trading account to gain experience.\n\nIf you are new to trading, then you should definitely take a look at trading systems.\n\nHere's why:\n\nEvery minute more than 150 Million Dollars change hands in the electronic index futures markets like the e-mini S&P and e-mini NQ. You can win or lose thousands of dollars in a few minutes; the futures markets can make you rich in a few weeks or months or wipe out your account with no mercy.\n\nIf you want to compete in the “game of games” and play against the best traders in the world, then you need to get ready. Too many gamblers are entering the arena without any plan or strategy, completely unprepared, and that's why they lose.\n\nTrading a system will dramatically increase your chances to succeed in trading, because it eliminates five of the top six reasons why unprepared traders fail.\n\nHere are the top six reasons why traders fail,\nand how a trading system eliminates them\n\nLet's take a look at the reasons why traders lose money:\n\n    1. Lack of a Trading Plan\n    2. Lack of Discipline to Follow the Plan\n    3. Failure to Control Emotions\n    4. Failure to Accept and Limit Losses\n    5. Lack of Commitment\n    6. Over-Trading\n\nBy all means you have to avoid these mistakes if you want to win.\n\nHere's how a trading system eliminates 5 of the 6 top reasons why traders fail:\n\nSolution #1: Having a trading plan\n\nHaving a trading system means having a pre-defined set of rules you have developed to guide your trading. Therefore you HAVE a trading plan, eliminating the No.1 cause for failure.\n\nSolution #2: Following the trading plan\n\nThe easiest way to follow a trading plan is to automate it. Almost every trading system can be automated, and you could let the computer trade for you. You won't have to worry about your discipline any longer, as the computer mechanically trades every setup for you.\n\nSolution #3: Controlling emotions\n\nTrading with a system removes emotions from trading. If you don't have a strategy and you try to make decisions when the market is moving, you are liable to become emotionally attached to positions. You may experience panic and indecision when the market does not move in your favor, as you do not have a prepared response. That's when most traders lose their money. If you follow a system you will know what to do no matter what the market does.\n\nSolution #4: Controlling your losses\n\nYou probably have heard the saying “Let your profits run”. Unfortunately most traders let their losses run. A trading system will get you out of a position when the predefined stop is hit. Unless you override the system to “give the trade a little bit more room” it will stop the loss and therefore limit your losses.\n\nSolution #5: Commitment\n\nYou won't believe how many traders show a lack of commitment and therefore lose money. Lack of commitment means that they stop trading after the first loss, and don't give their system a chance to make back the money they lost. Trading is not a one-way street, and losses are part of our business. If you can't accept the fact that there will be losses, you shouldn't trade. Fortunately a trading system can help you to overcome this problem; an automated trading system continues trading according to the rules, and therefore adds much more consistency to your trading.\n\nAs you can see, five of the six top reasons why traders lose money in the markets are simply eliminated when you start trading with a system.\n\nWithout any guarantee, your chances of making money rise incredibly when starting with a profitable trading system.\n\nHope that helps.
307372
Yes, click new user. But do you mean what to do once you have your account set up?\n\nI have to say, everybody wants to know how you make money fast in RS and I will tell you the truth. There is no way. Unless your idea of fast is one year. Or your idea of a lot of money is a thousand gp. The quickest and fastest and easiest and most mindless way of making lots of money in RS, even if you are lvl 3 and you just got off of Tutorial Island, is to mine Rune Essence (or ess). \n\nDo the Rune Mysteries quest, which is probably the easiest one in the game (find a complete guide to this and all quests at runehq.com). Then go to Aubery in Varrock City and have him teleport you to the ess rock, mine an inventory full and go back and drop the ess off at the bank which is just above Aubery (very little walking, that's good). Then go back for more and more ess, till you have over a thousand. 2000 is better. The more you have at one time, the more you can sell them for. \nOnce you have enough ess, stay at that same bank in Varrock (that's where everyone buys ess) and say that you're selling ess. You have to sell it 'noted' though. To withdraw your ess as notes, open your bank and look at the bottom of the bank window. There's a button that says 'note' on it. Click it and withdraw all your ess. \n\nIf you have under a thousand ess you could sell them for 20 gp ea. If you have 2000 ess or more and you sell them all at once, don't take less than 30 gp ea for them. You might be able to get more if you find a rich guy. If you had 10,000 or something and you found a rich guy who wanted all of them, you might be able to get 50 ea. I don't know.\n\nI would say that you could mine 500 ess in an hour. And at 30 gp ea that means you could make 15,000 gp an hour. Which is a lot of money for a little noobie guy. \n\nAnother tip is to never stand around and beg for things from other players. That is the worst part of the whole game and if you do I'll hurt you.\n\nI wish you luck, little buddy. Here's some sites that will help you.
45569
There are several platforms out there where you can do automated trading. This is very very difficult to do though. It is hard enough to make money trading while you are siting there watching. Anyway. I am pretty sure TradeStation will allow you to do this. It may take a little time to learn the programming language though.
258661
start learning, park you cash in a high yield money market until you know what you are doing.\n\nread the educational info @ bobbrinker.com
913782
trading from internet.. from ebay, or any others websites..\nright now i'm trying to used these sites, juz visit..\n\nhttp://www.cafepress.com/A88
589778
I would strongly recommend that you educate yourself first and foremost (http://www.google.com.au/search?sourceid=navclient&ie=UTF-8&rls=GGLG,GGLG:2006-01,GGLG:en&q=courses%2BUS%2Bmarket%2Btrading).\n\nNext you should develop some sort of trading system that you can test on historical data.\n\nOnce you feel your system will work, you should test it with disposable amounts of cash.\n\nThe most critical skills you will need to be a success, by the way, relate to controlling your actions and curbing the natural human instinct to self-sabotage.\n\nAll the best with it!\n\nCheers\nAlister\nhttp://www.marketscience.com.au
914956
As opposed to a previous answer, I for one think that trading or investing (big difference here!) can be rather profitable. Trading is a business like any other and one has to do their due diligence before starting. There will always be losses, that is inevitable part of trading. It all depends on what you trade and how you trade, and both these aspects are equally important.\n\nAs far as technical and fundamental analysis goes, you already know the best trainer for you--its you. You can watch people trade, read books and listen to 1000 lectures, but nothing compares to the experience you receive when trading yourself, even on a game account.\n\nI have been dealing with stock and FOREX analysis for few years now, so feel free to contact me through yahoo. I will give you some good starting points that will definately help you.\n\nThanks
1164430
NO idea about forex..\nbut can certainly teach you about trading NYSE stocks,,\nand make decent money ;-)\n\n\n\nGirish\nkgirishraman@yahoo.com\n\n\nLearn Free Day Trading Online,Intraday Trading Course, Learn Day Trading Free.\nhttp://lansing.craigslist.org/fns/172121865.html
408197
I would suggest not getting a trading account until you learn what these terms mean.  Also never open a trading account in a foreign country.  You may never get your money back.
1114990
I can't recommend a book but FOREX.COM is an excellent place to start.  Just subscribe to their mailing list and pick out the news you might want to read.\n\nBe warned though, it's not as easy as you think and if you want to make money off of it, you need professional tutoring.
897124
If you want to invest in the stock market I would suggest first seeing what the best traders are buying and selling.  Check out http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money.  Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors.  You can also read posts on investing from the best traders, as well as share your own investing ideas.\n\nHere are this month's best traders:\n\nhttp://www.top10traders.com/Top10Standings.aspx \n\nMy stock recommendation would be PWI, a stock I own personally.  This is a Canadian Royalty Trust that pays a great dividend.  The stock has sold off recently, so I think the price is good.\n\nGood luck!
1017513
You can open a share builder account. I can't tell you which stocks to buy, that would make me your broker.\n\nYou can also learn to trade options, which can also make you alot of money in a short amount of time.
124038
Day trading is like being a musician.  A few talented and lucky people make a bundle, but most people just get by.  (or worse, for day trading.)  It is easy to become one, just get an online brokerage account.  It is hard to be any good at it.  If you are serious, read William O'Neil's books on his method for "technical" trading, CANSLIM.