ALL NEWBIES WHO ARE STARTING TO INVEST SHOULD START HERE-
This is your starting point If you are new to investing or if you don’t know where and how to invest/trade and are little confused about how it all works.
This is also where you will get basic investing/trading knowledge to build on in subsequent portals.
Top Paper Trading Platforms for Beginners
If you are brand new to investing & have never traded a security. You may want to start by paper trading. This will mimic live trading, but it will be with fake money! It’s like a trial run before the race. You can create this account on many sites. You will be simulating live trading, with no real money. You can see how well you do. This also allows you to trade based on different strategies without having to risk anything…
Ready To Invest? Find The Best Broker
Before you can start investing and trading your money, you will need to open a brokerage account. Once you place a trade order the broker will execute that trade for you. There are many sites that will be competing for your business, so do your research. There is quite a bit competition out there, so way out the pros/cons. Here are some things to look for…
Ready To Place A Trade- Common Trade Orders Explained
Four most common order types you will be placing-Market Order: An order to buy or sell a security at once at current market price. This type of order guarantees that the order will be executed but does not guarantee the execution price. A market order generally will execute between the current bid (for a sell order) or ask (for a buy order) price…
How To Develop A Trading System
I’m a big proponent of creating and working in a trading system. Even if you are a novice, I encourage you to start the documenting process. As you learn more, you can modify this or add more nuance to this. You can create a stock investing journal and record keeping of your thoughts and vital information. You can start by documenting some basic things…
How To Research The Proper Way-Don’t Buy The Hype
Companies are marketed to you constantly! They are being marketed on blog, on CNBC, various other sites online, etc. You may not realize they are being marketed to you, but they are! Even if they are not touting a company, they will tout industry and then ever so slightly name few good stocks within that industry…
Invest In A Business But Trade A Stock
If you are not short-term trader but plan to be a long-term investor, then understand that you are INVESTING in that company! You must look at that company with longer term horizon. Just as you would not buy one business today and sell it tomorrow, you are not going to buy stock of that company today and sell it tomorrow…
Avoid Novice Investor Mistakes: Understand Stock Prices and Market Value
One of the biggest mistake novice investors make is they will see something or come across a product or service they like so they buy a stock in it. An example of this would be; I like coffee from “Starbucks”, so I’ll buy their stock. All my friends use “Facebook”, so I’ll buy their stock. I found my spouse from “match.com” and she is so awesome, so let me invest in their stock. President Trump tweets a lot so “Tweeter” stock must go up…
Price Of The Stock Doesn’t Determine The Value Of It
“I’m not buying that stock because the stock price is too high, it’s better to invest in stocks with cheaper stock price. I.e. Google is trading at $1,200/share and it’s too much, it has higher chance of coming down.”
You must understand that Google may not be worth it at $1,200/share or maybe a bargain, but don’t determine it just based on its price…
Learning To Trade Vs. Learning To Invest
If you are not short-term trader but plan to be a long-term investor, then understand that you are INVESTING in that company! You must look at that company with longer term horizon. Just as you would not buy one business today and sell it tomorrow, you are not going to buy stock of that company today and sell it tomorrow…