It will be my first time to do stock trading online through Zecco.com. I don’t want to take a risk until I know what I’m doin. Can Anyone tell me how to do trade stocks and what to look for so I can be a succesful trader. Also I need to know, what I need to look for to keep my out of trouble. Please help.
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6 Comments on “How to learn to do stock trades?”
Theodore B 14th March 2010
There are many great investing books and online tutorials out there. My favorite online resource is Investopedia ( http://www.investopedia.com/ ). It’s a great website to learn more about stocks and investing in general. They also have an online stock simulator so you can test your strategies before using real money.
When you have done your research and you are ready to invest, the last broker you want to trade with as a beginner is Zecco. Zecco’s website is very hard to use and definitely not for beginners. In addition, you should keep in mind that their free trades deal requires a minimum of $2,500.
I currently use Firstrade ( http://www.firstrade.com/ ). They are not as cheap as Zecco, but they are cheaper than big name brokers such as Etrade, Scottrade, Ameritrade, and Schwab. I’ve been with them for quite awhile now and have not encountered any problems whatsoever. I would definitely recommend that you check them out when you are ready.
picador 14th March 2010
The way to keep out of trouble is to keep out of the stock market. The only way to make money is to have both money and the means of getting information before anyone else. You have neither. You might as well blindfold yourself and throw darts. If you want to gamble, play blackjack – at least you have SOME idea of the odds against you.
drukawski 14th March 2010
You need a lot of experience AND money to invest in stock. Try investing in a mutual fund first until you learn how things work. Then once you understand why the person in charge of the mutual fund(s) youve bought into is doing what he/she does, THEN you can start taking a stab at it yourself.
tom 14th March 2010
i’d go to a bookstore and get a get a good book on personal finance, first, maybe a good book like bryant quinn’s "making the most of your money" . first you need to find out if you even should be in the stock market trading stocks to begin with. do you have savings stashed away for emergencies, have you maxed out your 401K, do you have core investments like mutual funds already in your investment portfolio etc. ?
THEN, i would look into investing in individuals stock by geting a good book on investing in stocks and learn about diversification, allocation and valuation etc
If you haven’t educated yourself and know what you’re doing, then you’re not investing. you’re speculating. PLEASE educate yourself before you do anything. Not knowing what you’re getting into could be an expensive mistake in the stock market.
good luck
Terry S 14th March 2010
Listen to Financial Sense Broadcast every weekend.
They will help you understand how to trade stocks.
http://www.FinancialSense.com
A nobody 14th March 2010
The last thing you need right now is a brokerage account.
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.
Start 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.
Here is some reading material that can get you started in the right direction, The first book you should read is Rich Dad Poor Dad by Robert Kiyosaki
Then try some of these
What Works on Wall Street by James O’Shaunessey
Beating the Street by Peter Lynch
One Up on Wall Street by Peter Lynch
The Warren Buffett Way by Robert Hagstrom
How to Make Money in Stocks” and 24 Essential Lessons for Investment Success both by William O’Neil
Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )
While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners.
Other website that can provide instructions and help with procedures and terminology are
Investopedia – http://www.investopedia.com/ Stock Charts – http://stockcharts.com/
http://www.investorshub.com/ http://www.1source4stocks.com/
Visit some of the more professional websites like Zacks – http://www.zacks.com/
Smart Money – http://www.smartmoney.com/ Schaeffer’s – http://www.schaeffersresearch.com/
Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.