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kyle asked in Business & FinanceInvesting · 4 years ago

how do I get started in the stock market?

Please be specific, I know I need to find a broker but where? I know there are online brokers out thee as well, what sites do I use to do the trading? I know Etrade is one, I need as much info as I can possibly can

6 Answers

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  • kswck2
    Lv 7
    4 years ago

    Before even starting, take a look at a website called Investopedia.com

    The site will be able to explain stock market lingo. What a stock is, what a bond is, what a dividend is, what ex-dividend dates are, etc.

    The open a brokerage account. You may want to see if there is local office near you.

  • 4 years ago

    Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it and make sure you have the money to do it. Also, you must have an understanding of the rules & regulations that govern what you’re trying to do. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.

    Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing for Dummies” by Eric Tyson.

    To continue your education, select some of the following

    Beating the Street by Peter Lynch

    Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea

    From Riches to Rags, by I.C. Freeley

    How to Make Money in Stocks” by William O’Neil

    24 Essential Lessons for Investment Success by William O’Neil

    The Intelligent Investor, by Benjamin Graham

    Common Stocks, Uncommon Profits, by Philip A. Fisher

    One Up on Wall Street by Peter Lynch

    Stocks for the Long Run, by Jeremy Siegel

    Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.

    What Works on Wall Street by James O'Shaunessey

    You Can Be a Stock Market Genius by Joel Greenblatt

    Your Money and Your Brain by Jason Zweig

    Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks - http://www.1source4stocks.com/info/stock-analyst-o... or Smart Money

    http://www.smartmoney.com/

    Visit some of the more professional websites like Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/ Investors Business Daily - http://www.investors.com/default.htm?fromad=1

    Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.

    And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/

    and/or http://www.tradingsimulation.com/

    After you feel comfortable with what you're trying to do, visit the Web sites of some of the more popular brokerage firms. So if you feel comfortable with what you see on line and look at the cost and/or charges. When you are ready to go, just open an account with the firm using their on-line services. Please remember, the cheapest is not always the best. Even though you’re opening an account on line. you can always call the firm's "customer service" area for help

    You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

    Good luck on your journey, study hard and you’ll invest well.

    Source(s): From The Street
  • 4 years ago

    Open an account with the broker of your choice. Call them to find out their minimum cash required. If you deal with a broker the commissions for each transaction will be many times the $6.95 Scottrade charges. Research prospective purchases and when ready place your orders online. GOOGLE "online stock brokers" and phone some and get your questions answered.

  • 4 years ago

    To start buying or selling stocks, you should open an account with a brokerage house such as Scottrade or TD Ameritrade.

    ►If you live in the U.S., the SEC requires you to fill out some forms.

    You must put money into your account before you can begin to order trades. They will give you a password to access their trading site online. You select the stock you wish to own and place your order with the brokerage either by phone or online electronically. During the business day, the brokerage makes the trade for you, usually within seconds. They charge you a fee for each trade, typically 6 to 10 dollars to buy or sell a “lot” of 100 shares.

    The shares that you buy are kept on file at the brokerage. Many companies no longer issue certificates for shares but keep track electronically.

    When and if your company issues a dividend, the money goes directly to your account.

    You can get more information at their websites.

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  • Anonymous
    4 years ago

    You cannot figure out to open your favorite web browser, type "discount online broker" and hit the Enter button?

    Oy vey.

    If you can't do a little comparison shopping to figure out which brokerage meets your needs, I shudder to think how you will choose your actual investments.

  • Box
    Lv 6
    4 years ago

    Be nice to know what your goals are, how much you wish to invest, risk level, trading style and time frame. Without more info, can't really say. Etrade has excellent customer service, a great mobile app and is said to be lowering their commissions

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