Looking to start trading stock.?
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Answer:
Here are some of the basics that you must consider before buying a stock...
How is the sector behaving? Be sure to check out the Industry that the stock is in. 80% of stocks in the industry will follow the industry cycle.
Is there adequate trading volume? Without volume, when it is time to sell, you may have to take a lower price than otherwise.
Fundamentals look good? Find stocks that have steadily rising net profits (earnings), low debt, and good P/Es, lots of cash, companies buying back their stock.
What is the PEG ratio? Find stocks that have steadily rising net profits (earnings), low debt, and good P/Es, lots of cash, companies buying back their stock.
Technically looks good, my evaluation (charting). The best software is TC2000, for less than the cost of a soda per day you will be amazed at the amount of information and indicators available. I suggest taking one of their free all day seminars. Also, here is a free Web site for charting stocks: Bigcharts.com is very good.
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try http://investmenttalk.info
Well I just started a few months ago. I bought 4 stocks and they are all at about a 25% loss.. So the best advice I can give you is " don't listen to stock tips from other people"
Good idea trying to invest money! you need to be 18 to open a brokerage account. what you can do is this:
1. Learn about stocks and stock market.
2. If you have knowledgeable parents, maybe you can ask them to open an account for you, and then you and your parents can buy a stock and look how it performs. Maybe you like games, and maybe you can research Gamestop (GME). Or maybe you like McDonalds, and so you invest in MCD. This way, you get to participate in the stock market.
3. When you turn 18, you can open your own brokerage account.
There's a whole lot more info on this link including recommended books:
http://techfarm.blogspot.com/2007/07/how...
BTW, do not visit the website in the first post, by netdaddy2u, because his website is listed as a phishing web site, per Microsoft.
You will need to get a basic education on investing before you start. Any of these will get you started:
- Investing for Dummies, by Eric Tyson
- http://www.invest-for-retirement.com... has a free downloadable book
- The Boglehead's Guide to Investing
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