I am a beginner when it comes to investing in stocks.I am hoping someone can shed some light on how to go about finding a online site, that is easy to use and provides either support and charts on the right choices i should make when it comes to what stock would be wise to start with and when to sell one.I am also wondering is someone able to purchase and sell stock as they please, without having to make large deposits in a online account and having to pay broker fees? If anyone can provide me with information it would be greatly appreciated
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You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to this free site, recognized by Y! A as a “Featured Knowledge Partner”: http://investopedia.com
Investopedia also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with your own hard-earned money.http://finance.yahoo.com is also recognized by Y! A as a “Featured Knowledge Partner”
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
Before you make a brokerage account I suggest you learn the basics of how to trade. This site will teach you a lot about trading.
Their is even a section in their that talks about brokers.
These are useful sites in Australia. Investsmart has a broker consensus section which orders stocks according to the number of recommendations from brokers. Also Directors’ Interest tells you if the directors are buying more shares in their company – this shows that they are confident of the stocks performance. Yahoo Finance has useful charts and statistical data about listed companies.
I would recommend making use of DRIP’s. This takes the guess work out of making constant decisions about which stocks to buy.
Go to: low-cost-stock-recommendations
.com
Click on the “DRIP’s” Button on the Navigation Bar
These plans are not well known, mainly because brokers do not like to recommend them. They are inexpensive for the investor and the brokers make very little money off of them. However, these plans are one of the most effective investment strategies known to Wall Street.
If you decide you are interested in the plans, click on the “$4 stock purchases” advertisement on the same page. This will answer your next question…..which is …..how to get started.
I would strongly recommend doing a DRIP instead of buying individual stocks, I don’t think you are ready for individual stocks yet.
Good Luck
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