How To Invest In Stocks   by crazyeddy

#6954 in Business
Rating: 1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic (by 4 people)   Your rating: 1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic

How To Invest In Stocks: Where To Start!

First of all, if you're looking at investing and how to invest in stocks as some kind of get-rich-quick, buy-a-lamborghini-in-a-year deal, think again.

I'm not saying it's not possible, but it's the kind of mindset that's going to cost you in the end.

If you're going to be sucessful at learning how to invest in stocks, you need to commit to learning as much as you can about investing before you even think of putting in a single cent into the market.

So let's get on to learning how to invest stocks.

A Solid Foundation For Beginners 

Harvey Walsh is a full-time Nasdaq day trader.

He's put together a very good eCourse (2 eBooks & 2 Workbooks and a couple of bonuses) in which he details some very low risk trading strategies that he's discovered through his years of research.

The reason I particularly like this course is because it's low on hype (which makes a change) and gets straight to the point.

But above all else, it incorporates, what I consider the cornerstone of trading success - an opportunity to practice what you learn (in the form of exercises in the two workbooks).

If you want a good, solid foundation to day trading, then I recommend you take a look at his course here.

This Means Doing Your Homework... 

What? You Didn't Think It Was Going To Be Easy Did You?

Like everything in life it takes work to see results - you wouldn't expect to be able to run a marathon or fly a plane without any training, investing is no different.

Commit to spending at least an hour a day learning how to invest in stock.

Commit to reading high-quality financial newspapers and high-quality financial web-sites at least once a week.

Commit to reading the books of successful investors like Warren Buffet so you can begin to absorb the mindset of how to invest money.

Does This Sound Like a Lot of Work? 

Learning How To Invest In The Stock Market Takes Work!

It should. You see, far too many impulsive, amature investors think they know how to invest money and in the end just end up loosing money.

Instead of learning how to invest in stock and how to invest in the stock market, they treat it like gambling.

And the problem with gambling is that most of the time you loose.

But if you do the work, if you put in the effort learning how to invest in stocks (from high-quality sources), then you will see the results.

Daytrader? You Might Decide Swing Trading Is More Your Style... 

This assumes that you've had some experience with trading - maybe you're even a day trader, but you're not seeing any results.

If this is the case, then swing trading may be the right option for you:

Kevin Brown is an independent trader and the author of The Definitive Guide to Swing Trading Stocks.

This guide outlines the most effective strategies he's developed over the 15 years he's been trading.

His bottom line:

"Swing trading stocks makes more money, in less time, with less cost than other trading methods. "

If you're already trading, and you're looking to broaden your knowledge, then take a look at it here.

Warning: Avoid Hype and 'Pump and Dump' Scams 

Yup, that's what they're really called

1) Hype:

Never make significant investments based on 'tips' you see online, or hear from a friend - if it sounds promising, thoroughly research the company first.

Never be afraid to 'miss this opportunity'. Investing requires patience, there will be plenty more opportunities - the stock market will still be there tomorrow and until you know what you're doing, you might as well be throwing money away.

2) Pump & Dump:

We all get those e-mails about the latest 'amazing new opportunity' but 'you need to act now before it's too late'.

Well, the influx of people buying stocks in the company pumps up the value of the stocks (yes, some people actually do respond to those emails!).

And the dump? When the scammers sell the stocks for more than they bought them for. Leaving you with something pretty worthless.

These are the two most common traps that beginners fall into - avoid them!

How To Invest In Stocks? Practice! 

Once you start really learning about how to invest in stock and are keeping your eye on the financial papers you can begin to practice at home without actually investing.

You can practice buying and selling stocks on paper, and only once you're able to do this with a good degree of success, should you even think about investing any of your hard earned cash!

Thinking about how to invest money is one of the smartest things you can do, because if you do it right, your money starts working for you!

Practice before you do because hands-on experience is the difference that's going to make the difference.

You can even check out some simulated stock exchanges if you want to take it to the next level.

Stock Market Advice From Motley Fool 

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crazyeddy

crazyeddy

I'm always looking for ways to make my money work for me - because that's what it's there for.

 

 


Now, isn't it time you did the same with yours? 

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