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Learn To Trade Stocks
Adam Said:
Want to learn how trade stocks on line, any suggestions on websites to help me?We Answered:
TRy looking at the Scottrade, ETrade, or Ameritrade websites. They have great tutorials.Samantha Said:
Are ther any schools for a new investor who wants to learn to trade stocks?We Answered:
HiI have two resources for you to consider on learning to trade stocks.
The first is called money instructor, and they have paid schooling for learning to invest
http://moneyinstructor.com
The second is the American Assosiation of Individual Investors which has a good learning center that is low cost.
http://aaii.com
Hope this is helpful to you.
Irene Said:
Where do successful stock traders learn to trade?We Answered:
I know this may come as a surprise but I think the answer is quite different from what any of the other people have suggested.The most successful stock traders learn to trade by experience--although not necessarily by investing their own money or other peoples' money, but by experimenting with investment in a simulated environment. People used to do this by hand, tracking newspapers, but now with computers it's even easier.
You can take all the courses and read all the books you want, but you need to get your hands dirty by simulating actual trading in order to learn. The most important thing to remember though, is to be patient--the most successful investors think in the long term, so don't expect to start to get a feel for how the market works until you've been following it for a few years.
There are three basic things you need to know in order to trade stocks successfully:
* The basics--how the market works, what all the data means, how to interpret research.
* Experience and general research--you need to have a feel for how the market works.
* Specific knowledge about specific industries. If you have specialized knowledge that gives you some sort of insider view into certain industries, this can help you beat the market. Often, the most successful investments that individuals make are ones that are in some area that they have some expertise or inside knowledge into.
How do you get these? Well, you can start by reading, but I would advise you that it would be more helpful to create an account on Yahoo Finance, and start playing around with stock portfolios. It's free, and you can experiment as much as you'd like. You can also do extensive research on companies, looking at information about insider buying and selling, how much top officers are paid, comparing them to other similar corporations, etc.
Charlotte Said:
Where can I learn how to trade stocks on the internet?We Answered:
There are two excellent websites you can use to learn about trading stock.www.investors.com.
Go to their website, locate the "How To Invest" section on the left side of the screen, and click on "Investor's Corner".
When that screen comes up click on "View Archive". Read the articles in this section. The articles will answer many of your questions.
Also, in the "How To Invest" section there is a "Financial Dictionary" you can use to look up terms you are not familiar with.
www.investopedia.com is the second website.
Yes, your portfolio does need to be diversified.
Try practice trading (no real money involved) using either the CNBC stock game or the Wall Street Survivor stock game.
Donna Said:
What is a good site to learn about and trade stocks online?We Answered:
I think a good site to begin your education is The Motley Fool (www.fool.com). They are an investment site for all investors and have a site www.caps.fool.com which allows you to trade stocks as and learn from more experienced traders. Additionally they have all sorts of information on picking good stocks. If you just want practice you can use www.top10traders.com which is good for more of the momentum trader aspect.Herbert Said:
i want to learn stocks?We Answered:
Technical analysis is the most useful way of predicting stock prices.Without a doubt, Elliott Wave Theory is one of the most consistent and reliable technical tools
There are only a handful of clearly defined rules for the proper application of Elliott Wave Theory and even a basic understanding of these rules and the basics wave pattern recognition can help deliver consistent gains.
A good way for beginners to start off is through practice trading in a virtual StockMarket game as it is a great way to learn. It is a fun and easy way to start learning how to trade.
Online stock trading games add the bit of excitement into pratice trading that a standard paper trading account lacks and is completely risk free so it is a great way to start learning how it all works.