What would be the best form in which a novice can begin to invest in the stock market? Thank you?
(I’ve read about eTrade and the baby half sold me on the idea but i do not want to waste money on just trying to learn.vv)
Answer:
Go for low risk, low yield stocks first since you are new at this. Read as much as you can and watch youtube videos and documentaries. If you find the topic interesting then open a brokerage account somewhere and start buying stocks. Don’t open a forex account, I know lots of ads are out there promoting forex but trust me stocks are much better and safer to start out with.
I recommend a low fee brokerage like sogo who charge $3 a trade and also give you 100 free trades to start so make your first few trades really small ones.
And if you like to read then hit amazon and look for 5 star reviews on books. and get this book on options:
Option Volatility & Pricing: Advanced Trading Strategies and Techniques by Sheldon Natenberg.
Posted: August 11th, 2010 under US Stock Market.
Tags: Stock market