Quote:
Originally Posted by skim7x
Hey guys... I'm starting to accumulate some money through a side job I have and I want to start getting into investing. Do any of you have any experience/advice you could give me about investing in the stock market?
1) What are some safer stocks to go with? Index 500?
2) Who do you trade through? or do you do it yourself through some site?
3) Where do you get your 'information' (I'd suspect you need to be on top of a company's policies and recent decisions in order to determine if they are worth investing in...)
4) Where can I learn more about trading? There isn't a http://www.stockmarketpost.com is there?  (ok i just checked, there IS... but if you have a site that is somewhat more helpful than stockmarketpost.com, I'd appreciate it) |
1) Penny stocks
2) Zecco, free trades (
www.zecco.com)
3) All over the place. Yahoo financial, mainly.
4) Google it?
I would suggest looking into the FOREX trading market. A little more sane and somewhat more predictable since it moves in macroeconomic trends.
www.babypips.com/school
When you trade on margin in FOREX, it's not like making a deposit on a loan like in the stock market, you actually get to use the trading company's money in ratio with your investment. You can do 1:1,2:1,4:1,10:1,50:1,100:1,200:1, etc. The higher the margin, the more you can make or lose. You don't pay them back the margin, you can only lose as much as you have in your account, it can never go negative.
Try:
http://www.Oanda.com/
or
http://www.odlsecurities.com/