Financial Information
I have absolutely no experience in the stock market, how and where do I start?
All rights at the age of 14 years and I know nothing about stocks or the stock market. Im a TOTAL noob. Tell me everything a novice needed to know about starting the Exchange. Please.
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#4 written by JP 1 year ago
I don’t know what you have to invest, but I wouldn’t try putting any money in until you read something or attend schooling, trading seminars, or webinars, you are 100% guaranteed to lose money fast.
The book that made me understand the basics of the market is “Jim Cramer’s Mad Money, Sane Investing in an Insane World” good thing about the book…It’s not boring as hell. (for an investing book)
If you don’t read William J. O’neil’s How To Make Money In Stocks, you’re definitely cheating yourself but check out the other one first, if you’re 14, it’ll sound like alot of jibberish until your familiar with terms. I’d love to sit here and actually explain some stuff, but it would take a long time.
go to this cheap website http://www.alibris.com for books, some of them cost like $1 some may run ten or so.
Good luck!
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#5 written by mntndo 1 year ago
I suggest Motleyfool.com to learn all you can. You need your parents to open a broker account. The best bet is to find a crappy stock under $10 (most are) and short it (that is bet it will go down). Even if you get unlucky and it shoots straight up, I guarantee you it will crash just as fast. Most stocks just plain suck.
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#6 written by Al in NC 1 year ago
Since you are only 14 I suggest that you study the stock market and stock trading.
A good website is http://www.investors.com
Locate the “How To Invest” section, click on “Investor’s Corner”.
On the next screen click on “View Archive”.
Read the articles in the archive.Also, in the “How to Invest” section there is a “Financial Dictionary” you can use to look up the definition of terms that you are not familiar with.
Other good websites:
http://www.investopedia.com
http://www.optiontradingpedia.com
http://www.etfguide.com
http://www.mutualfundplanning.com
http://www.dripwizard.com
http://www.sec.gov/answers/options.htmSome good books on the subject:
How To Buy Stocks
Written by Louis Engel and Henry R. Hecht.All About Exchange-Traded Funds
Written by Archie Richards, Jr. -
#7 written by Aviator 1 year ago
get a book like from the “for dummy’s series” or buy a few magazines
like money magazine….read financial columns in your local newspaper
check into investment clubs…there may be one at your school…ask
economics teachersBe careful as there is a lot of bad information in the above answers. Now is an excellent time to invest as the market has already crashed and there are now lots of bargains out there….good stocks at low prices…an accounting course is good knowledge to aquire but will not teach you anything about the stock market. Also you cannot just take a course in managerial accounting without taking several other accounting courses (prerequisites) first. better course would be something in finance, but you do not have to take a whole course in business in order to learn the basics of investing.
The advice of Trevor S. is more akin to day trading which is the bain of serious investors. Too much panic selling causes wild fluctuations in the marketplace. If you are buying and selling all the time you incurr excess commission charges and you also have the potential of creating a nightmare for yourself when tax time rolls around and you have to account for all these transactions. it is better to purchase good value stocks or mutual funds with money you do not need in the short term and hold these stocks for several years. -
#8 written by Trevor S 1 year ago
The trend is your friend. If the markets are moving up, go long (buy). If the markets are heading down, sell short.
Never allow any position to run more than 10% against you.
Read several good books on technical analysis before you make any trades.
Read Reminiscences of a Stock Operator by Edwin Lefevre. It’s the Jesse Livermore story. Livermore was considered the greatest trader of all time.
IMPORTANT
Those are just a few of the basics. The stock market will clean you out if you’re ill-prepared. It is a cut-throat game. -
#9 written by Chris 1 year ago
go to amazon or barnes and noble and look for the book “Complete Money & Investing Guidebook” by dave kansas and the wall street journal. it’s an awesome book for this stuff. and actually, it’s a good time to invest in the market. Think about it this way… if you invest money into the market now (when everything is cheap) you can buy more shares. When those shares eventually return to their profitable state (high) then you will have made yourself a lot of money. Our economy is too strong, when we come out of it we will be stronger than ever. Think about it.
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14 years old and you are interested in the stock market? Wow, that must be some paper route you have.
The main thing to know about the market is that people make money from people who have less knowledge, experience and information than they do. In your case, who might such people be?
Actually, you are spared from such folly at this stage because you cannot enter into a contract until you are 18.