Stocks, Online Trading?
Wednesday, July 8th, 2009 at
11:00 am
I would like to know how can I invest in stocks, or online trading. Are there any teaching tools? I know nothing about either one. I am looking to supplement my income.
Tagged with: Invest Online • Invest Stocks • Online • Online Trading • Stocks • Stocks Online • Stocks Trading • Teaching Tools • Trading
Filed under: How To
Like this post? Subscribe to my RSS feed and get loads more!
The online services (TDAmeritrade, E*Trade) offer training tools from their service sites. I had used those offered by TDA many times to “train” myself, or should I say “educate” myself. Found them to be very helpful, BUT you still have to make the buy/sell decision alone. I did make some money, but it’s always a gamble, of course. Good Luck!
Hello Bambina:
This would be a good place to look as a starthttp://www.investools.com/
all the best to you
Here are some useful resources:
USEFUL BOOKS:
> Security Analysis by Benjamin Graham and David Dodd
> Contrarian Investing: the Next Generation by David Dreman
> The Aggressive Conservative Investor by Marty Whitman
> Buffettology by Mary Buffett
RESEARCH WEBSITES
- Yahoo Finance
- Google Finance
- Morningstar
PRACTICE TRADING/LEARN FROM OTHERS
- Xearn
STOCK BROKERS
- E-Trade
- Scott Trade
- Ameritrade
- Schwab
- Fidelity
Before you think about “supplementing” your income, you better educate yourself with investing. Yes you can try investools.com but you should also get into the habit of reading (daily) msn money.com and you can read Yahoo finance.There are several books that can help _”Beating the Street”-”One Up on Wall Street” both by Peter Lynch; “What Works on Wa;; Street”-James O’Shaunessey; “Trading for a Living:”-Alexander Elder” The Discipline Trader”-Mark Douglas. Educate, Educate yourself before you make any move
Check out;http://www.investools.com/
Also checkout;
http://www.thinkorswim.com
Also;http://webreprints.djreprints.com/166251…
Also;
The books suggested by A Nobody are great. Add two to the list and you’ll do fine; “Mastering The Trade” by John Carter & “Trading In The Zone” by Mark Douglas.
It takes years for someone to get good enough to trade online. So don’t do it just to make more income. YOU WON’T.
Instead read and study up on the subject as much as you can first. While doing this try some paper trading to get a feel for how it works.
I know it sounds like easy money, and it is easy money for the large brokerage houses who have computers that out think you all day long.
So start slow and plan your trade and trade your plan. Just like you would a business. Because it is one for the people you are trading against.
Good Luck
Go to the library and read some books about investing. Then you will know the next step to take.
A rookie without knowledge is like a chicken and a fox trying to dance.