February 22, 2010
What Is The Best Free Online Tutorial For Trading Stocks For Someone Who Is Not Absolute Beginner?
wondering if anyone has come up with a good online tutorial for trading stocks which is more than just a glorified piece of infomercial for a stock trading site? ideally looking for something suitable for beginners and medium to advanced traders.
Check out Investopedia. They provide a great deal of information through tutorials and articles.http://www.investopedia.com/university/
http://investsmart.coe.uga.edu/C001759/s…
This site is a popular site for high school and university student for stock trading simulation.You can even get together with some friends and compete to see who can make the most money.
Definately Xearn.com.
- You can practice trading and see how you perform on a number of metrics as well as how you rank
- You can follow successful investors to see what they are buying.
You are absolutely right. You have to update your knowledge to make money with stock market.
The only tutorial you need is self experience. I started trading stocks with little knowledge and $200 in my account. I’ve been day trading now for about 5 years and I now day trade with about $25,000 (I usually divide it up and buy about 3 stocks each day, but lately I’ve been trading domain names so I’ve been taking a break from the stock market, which is lucky for me because I missed all these big dips lately). Just put like $50 in your account and start trading. Buy a stock you think will do good just to practice and then sell it when your ready to sell. You will learn everything else as you go along. Im sure whoever you sign up through to trade will have a help option where you can read about how to do certain things as the questions come to you. I just used scottrades help section everytime I needed to look up how to do something. Learn how to buy stocks, how to sell them, how to set stop limits and what stop limits are…..those are the only 3 things I ever needed to know. Its not as complicated as you think it is. As far as how to pick winning stocks, thats up to you. Theres no guide in the world that can teach you how to be successful at stocks. It’s a skill that you either have or dont have. You can learn how to develop this skill by practicing everyday and pretend like you are trading with alot more money than you really are and learn to keep up with the news and conference calls. But the most important thing is you cant be emotional and pick stocks because of favoritism. Too many people buy stocks based on where they shop or namebrands they know and that is not smart. My friend owns a donut shop, he’s really into donuts, so he bought krispy kreme stock…..which he never made anything from. Lots of people want to invest in google and walmart and things like that because they are familiar with it and hear about people buying these stocks all the time…..dont follow the sheep like that or you fill fail like most of them.