(by 5 people)
Trading Stocks for Beginners
Learning to trade stocks for yourself is an exciting journey which can result in you taking control of your financial future and in some cases turning a greater profit on your investment than a professional could return for you. There are many resources on the web than can help you learn the stock market and help you learn and practice the art of trading stocks. In this article I hope to point you in the right direction to get you on your way to using the stock market to make money.
A starting point for people to learn about trading stocks
What is stock?
- By sale after appreciation of the share(s)
- By dividend, which is a regular payout the company pays to holders of their stock.
Stock Trading Resources
Free Resources
- OptionsXpress.com
OptionsXpress.com is an online broker, however it is free to sign up with them and they offer a plethora of tools and educational resources. They also offer a stock/option trading simulator which strongly mimics the interface you would be using if you were trading with them for real.
- Investopedia.com
One of the best free online resources to learn about trading stocks is Investopedia.com. There you can find tutorials, articles, definitions of terms used in trading and more. They even provide a free simulator so you can practice trading without having to risk real money.
- Bloomberg.com
Bloomberg provides a lot of free news and tools for the stock market. One of the tools I use from Bloomberg is the Market Monitor desktop tool. It lets you add different stocks into it and you will be alerted about news about the companies that you enter.
You can make money but you can lose money too
Trading stocks can be a quick way to make or lose money. Real money should not be risked until you have spent a lot of time reading and practicing the art and science of trading stocks.
Beware of scams!
There are a million get rich scams on the internet and offline as well. It's no surprise that get rich quick type scams exist as well that are related to the stock market. You should always be very cautious whenever someone claims they know a secret of how to make you rich easily.
Summary
With a little bit of brains and a lot of dedication you can learn to trade stocks for yourself. There is an abundance of info and tools on the web to help and trading through online brokers is easy.
Great Stuff on Amazon for Beginners to the Stock Market
Shares Made Simple: A Beginner's Guide to the Stock Market
Amazon Price: $13.60 (as of 10/12/2008)
If You're Clueless About the Stock Market and Want to Know More (If You're Clueless)
Amazon Price: (as of 10/12/2008)
The Stock Market Course
Amazon Price: $31.50 (as of 10/12/2008)
Disclaimer
The information in this lens is provided for educational purposes only and are not investing recommendations.
Under no circumstances does this information represent a recommendation to buy or sell securities.
Reader Feedback
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Bentrepreneur
5 star lens! Great overview of stocks. If you get a chance, check out my Stock Market Courses blog. I think you will find it helpful. Posted September 05, 2008 |
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richgerman
well defined the word:) very abstract actually! easy to understand! keep it up 5 stars for you! Posted July 14, 2008 |
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CliveAnderson
Highly interesting and resourceful lens. Thank you. Posted April 25, 2008 |
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