Where To Start Trading
Hello to anyone reading this and thanks for taking the time to answer my questions. I am a total beginner but a quick learner with a real drive to try this out and get a well rounded understanding of how it all works. I recently got a good tip on a stock but I am overwelmed when it comes to actually finding and picking a online trading company. I looked at itrade, Ameritrade, Fidelity but the start-up fees are…well for a beginner, financially crippeling. I signed up for free at Sharebuilder but I did not give my checking account# yet because I am a little hesitant on how it works. If anyone can give me some solid advice it would be greatly appreciated. I just read Real Money by Jim Cramer and I have kept up on stocks for years now. Now I would like to put my feet in the water and try some small trades just to see how I do. I have a great job to be a investor/trader. I am a self employed communications technician. I go out to work for a week or two and have a week or two at home and this gives me real time to do my homework. I know what you might be thinking, he just read the book and watches Mad Money and now he wants to be a daytrader, this is true to a point but I used the book as a 101 course and a motivational tool. One of the main things I am wanting to know is if I buy a stock and see I have made a gain how do I get the money out, where does it go? I know they might be silly questions to some but you all started somewhere. If anyone can give me some good advice I will be more than happy. If you have any good links for me to read over or just some sound advice would help. Thanks for reading and I will give you a follow up on how my stock did.
Hi,
I don’t think it would be a great idea to start one more thread on this topic, there really exist lots and lots of them in the beginners forum, please get bothered to look at there and you will find everything you need to startup.
Hi,
Following thread is started for the purpose of letting beginners know where and how to start:
http://www.moneytec.com/forums/showthread.php?t=18439
This forum is full of forex trading info, please run a search on any specific thing and you will get to know almost everything.
The best way to start is to invest in companies you understand. I started investing when I was 16 with the help of my dad. Most of those trades had to do with what was going on in the world. Just pay attention and you can find value. I remember my first live pick I bought shares in air canada and there workers were on strike, picked it up cheap and did very well. Build up a portfolio of several stocks over time and you can see your investments work for you. The basic idea is to keep it simply and stay calm. One of the first things i did was the year before I had started was I traded stocks on paper, so you make pretend picks and track them and see your results, get a feel for investing. Best of luck.
Hi,
I just registered n im been in forex tarding (demo) for almost 2 years. I wnat find out whats the best forex trading platfrom around which is NFa registered thats is.
my answer may not satisfy you but it’s half the answer i found that has got an excellent trading platform but they are not registerted in NFA but i think this will not be a great harm because many brokers are not registreted by they are good.
For beginners in Forex, suggest to read The Foreign Exchange Market Fact Sheet by BoE first.
I would suggest Forexsurge as the company for beginners, thay have demo account and everything is online.