Buying / selling Shares info
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- Hombre_Lobo
Hi guys,
Im interested in learning a bit of stock market info to start buying and selling shares. I have no idea about it, I've never bought a share in my life, so im curious what resources you might recommend for a beginner.
I mean what sites, what software, tools and blogs etc.
Any help would be much appreciated.
p.s. this isn't just because Facebook went public, been planning it for a while! :P
- monospaced0
I use Charles Schwab to facilitate my investments. They have great research on their website (once you're subscribed) and will talk to you whenever you want. Otherwise, invest in what you feel you really know about (to start). Invest in what you believe in. Then, from there, start talking to people and poking around. Don't go overboard, test the waters.
Another thing to consider is to set up a Roth IRA and make some long-term low-risk investments (mutual funds). It's a way to save money and make it at the same time, and in the end the earnings are almost completely tax-free.
- clearThoughts0
Fancy buying some Facebook shares?
- maikel0
You can always ask Hedge, but if he's not around you can should do a little research into WHAT you want to buy/sell there are many financial products that you can profit from, depending on your risk appetite.
My suggestion is to talk to your bank to see if they have any products or platforms. They will have a limited range of products but it will be simpler.
To give a go as to how good or bad you are, you can try using a simulator. Most on-line trading platforms will allow you to use a simulation account to test strategies before using real money. You should use a simulator for at least 6 month before even trying to use the real deal. Otherwise you will have the same chances of winning that playing poker on any casino.
I currently use several platforms and various products. The one I like best is provided by saxo bank. MCM isn't that good and Barclays have very little products in offer.
One of the simplest products to trade or to understand are FXs - contracts for buying/selling currency highly leveraged. You can also make a lot of money with very little capital (or lose all in a couple of minutes).
The best recommendation I can give you is to avoid fantasising about become millionaire overnight. It does happen, but kind of rarely. You can expect to make A LOT more money that keeping your money in the bank, tho.
- If you want specific info, drop me a line.
- +1 on last paragraph.monospaced
- Learning that costed me a few thousands in losses : (maikel
- maikel0
Also,
Forexfactory: good agenda of financial events
forex pro: good for trend and technical analysis
bloomberg: good research, mostly fundamentals. the iphone app is good
financial times: all sort of general infoIf you are going to focus in a specific industry (bank, energies, raw material, hight tech, etc) READ what is going on daily.
Bear in mind most internet forums will be full of tips, of which 80% are rubbish.
- goldieboy0
Start reading the FT
- utopian0
TD Ameritrade's new website and trading tools are actually pretty dope and easy to use, I signed up a couple of months ago.
https://www.tdameritrade.com/tra…
BTW - whatever you do, do not get roped into the Facebook IPO hype and boondoggle!
- Facebook looks like a terrible idea atm, i suspect the price is gonna rocket beyond their actual worth.Hombre_Lobo
- and then the price will drop v quickly. (my complete amateur assumption! :P)Hombre_Lobo
- BH260
Do a search on "Forever Stocks" very Stable Low risk companies- that pay dividends.
I use TD ameritrade- very good.
Investopedia is good to check out also.
- robotron3k0
I use Fidelity, a bit more than the others but you have bigger range of stocks to invest in. I do my own trades, cost about 8 bucks a trade. I made a bit of money in rare earth, most of the other trades are up and down, I focused on penny stocks mostly. That way your day isn't ruined if you lose $60 bucks or so...
- What rare earth stock/ETM? Only one I know of is REMX.monospaced
- GMWGF, LYSCF, and more but all the bottom fell out last year. physical metal was my best investment.robotron3k
- I think LQMT is a risky buy but since they make Apple stuff, could be sleeper penny stock. still it's volitile BUT cheaprobotron3k
- if Apple's new iphone is made of Liquid Metal as rumoured it could be payday for me!! ;)robotron3k
- all those penny stocks are there to make their insiders money. You're lucky if you can ride along, but don't expect much.monNom
- ESPECIALLY anything the ends with .OB, or .OB.PK
There could be 3billion shares sitting in the caymans, you don't know.monNom - just can't know as they don't report like a proper exchange traded co.monNom
- ...to OP. I'm sure robo knows all this.monNom
- Fuzziest0
I use Vanguard, but any of the major financial institutions are fine.
I recommend the book, All About Assets Allocation.
http://www.amazon.com/About-Asse…