penny stock resources
[mage lang="" source="flickr"]penny stock resources[/mage]
how do i begin investing in the stock market?
I am interested in investing some money i have recently come into as a kind of ‘retirement planning’ – it isn’t much but i figure if i start now it will mature in the long term; but here is my problem; i know nothing of investments or shares or the stock market. my knowledge of finance is slight at best and I have no idea where to begin researching.
please can someone point me in the right direction and provide some clues as to what kind of specific knowledge i should seek?
An introductory book like _Stock Markets for Dummies_ is a good place to start. This will give you a basic explanation of most things there are to know about the mechanics of stock investing including useful websites to surf and full-service vs. self-directed brokerages.
Investors Business Daily (IBD) is a solid daily resource (and its complement, www.investors.com ). It’s a better newspaper than the Wall Street Journal and it is built around a particular approach to trading. You could read _How to Make Money in Stocks_ by William O’Neil too–he’s the founder of IBD.
Search your local library for other books on stock investing. Try to absorb as much knowledge and understanding as you can.
After you have extensively researched and gained a solid foundation/education then look to open a brokerage account and paper trade–this is trading with play money before you put real capital at risk. You should do extensively before you eventually place your first trade live. Your early live trades should be with a very small position size. Only increase position size when you have done well to limit losses when the market has turned against you.
Minerco Resources, Inc. (MINE) Penny Stock Trading Chart_8/9/2013