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How do you learn about the stock market, trading, and everything involved?

I've always had a broker do my deals for me, and admit I am ashamed that I am virtually clueless about the whole process. How did you learn? Any ideas for me? I'm not looking to get in the business, but I want to learn the processes and how and why you would buy stocks for my own purpose.

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  • ?
    Lv 4
    1 decade ago
    Favorite Answer

    I bought a book called "Investing for dummies" and really studied it. The rest you will learn from experience of doing it. You will make mistakes, but you can't be right 100% of the time. Each time you invest, you will learn how the market works. I lost $5000 making mistakes, but then made $10,000 after wards because I learned from them.

  • 1 decade ago

    The maket is made up of buyers and sellers. The more people that buy a stock or the market as a whole the higher the prices will rise. In other words if there is more buyers than sellers the market goes up. If there are more sellers than buyers the maket goes down. If you buy a stock a 30 dollars and it goes up to 40 dollar then you have made money. This is called directional trading. But there are other ways to profit. You can also profit from volitility and time. This is the safest way to make money in the markets because you can limit your risk and not care if the market goes up or down.I would recommed opening a Think or Swim account at TD ameritrade. This is truly a powerful platform. You can also paper trade with it to practice. If I was you I would start learning about using options to profits from the markets. This is a great way to generate monthly income and limit risk on your stock positions. In fact, you can put positions on where it does not matter if the market goes up or down. The main thing is to manage your risk and manage your portfolio by the numbers (Greeks)

    Source(s): <a href="http//www.protradercourse.com"></a>
  • 1 decade ago

    Read several good books.

    Best books about investing, in general:

    - A Random Walk Down Wall Street, by professor Burkiel

    - The Four Pillars of Investing, by William Bernstein

    - The Little book of Common Sense Investing, by John Bogle

    A really good book about investing in individual stocks is The Five Rules for Successful Stock Investing, by Pat Dorsey

  • 5 years ago

    examining books with regards to terminology and approach will very much help get you began. with reference to penny shares, attempt to no longer get caught up in those. As a dealer with over 14 yrs. of journey, I stay away from those considering you get what you pay for. There are motives those commerce at that time and in particular you will blow out your account, grow to be discouraged, and prefer majority of folk come to a determination to no longer make investments and say the markets are rigged. do no longer take care of the industry like many of the commonplace public does as a on line casino. be attentive to why you're paying for those shares and while you're incorrect, make certain which you do study out of your blunders. only like numerous different company, journey is top. Get attentive to procuring for and promoting equities. understand fee action. sustain with international financial information/documents. analyze companies and hear convention calls. All this might make you a greater advantageous dealer in time. in case you put in the time, you would be surprised how the markets paintings.

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  • Anonymous
    1 decade ago

    Your purpose is to make money right? If yes, why headache yourself. Just learn up the market strategy and you will gain more in months.

    Just visit the site here to learn more. All the best to you.

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