posted
I am 19 years old. Currently attending University of Texas........ I have saved up about $5k.. I would like to invest it into the market........
My questioin is... where should I start?
Any recommend books? or Websites? I would like to learn as much as possible....... I am willing to put 1k for learning... . I will start out papaer trading.... so please help...thank you..
It'll take a while to go through all of the articles and tutorials it has to offer.
The very first thing you have to decide is: what type of investor are you going to be.... day trader?, swing trader? long term investor? All of these types are explained.
Once you decide that, then you need to find the corresponding online broker that will fit your investing needs.
There's more...but just go to the site and read...don't think about doing any trading yet....read first and pick your investing style.
Once you decide that, then you can paper trade your style and see if it is agreeable to you.
[This message has been edited by FloridaSwingTrader (edited November 13, 2003).]
Posts: 1869 | From: Sarasota, FL, USA | Registered: Dec 2002
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posted
I also am new. Listen to FST. DO NOT JUMP and start trading. I read this board for months and read books and sites before placing a first SMALL order to get started. Get a plan and stick to it. Learn to check charts, read company info. and boards. But make your own mind up before placing a order. This board has a lot of knowledgeable people. You will learn who. I recommend "Beginner's guide to Short-Term Trading" by Toni Turner. Good Luck.....
Posts: 172 | Registered: Oct 2003
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It would also behoove you to see where you are in your finance world, personally...before you start investing. What debts do you currently have? What debts do you see yourself incurring in the next 24-36 months.
Woody
Posts: 1 | From: Little Rock, AR | Registered: Dec 2003
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WOODY Great input for AC18, of course now days these kids have more bucks than we do. BOY do I wish I had $5k at that age with what I know now. HEY AC18 Buy as many solid companys and as many shares as you can now. Around Feb 1 watch for a stock pull back(means any stocks you have that have appreciated you will have a stop sell on). Then be prepared to get back in at a better price. Use common sense read the news and figure out what is happening into the future BUY.ie: Natural gas is predicted to be high for several years last july I now in 4 companys that produce.
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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