I am a beginner in online investing and would like to know a good book to start off with.I would like to mention I also a novice in share market.Although would love to dabble in it.Any help.

 

  • Gary C 7:00 am on September 28, 2009

    First there is a lot of vocabulary to learn. Many of the sites already suggested can help you with that.

    The next step is to understand the types of investment strategies. Google or Yahoo search for "index fund" "investment strategy", "value stocks", "growth stocks", and "technical analysis". You should understand these before deciding how you are going to invest.

    For investment strategies, one of my favorites is
    http://invest-faq.com/fiveminute/
    Read the short, free online book. I think he gets most of it right. Importantly, he presents a technique that will maximize the $ you invest in "winners" and minimize the $ you invest in "losers".

    Before you invest your first dollar, do pretend trades. Using a spreadsheet, pretend that you have a bit of money and pretend to buy and sell stocks at the prices the day of your decision. Subtract out the fees for buy, sell, and stop orders. See if you make money on paper. It is s-o-o much cheaper than using real $ to learn with.

  • dete49 7:00 am on September 28, 2009

    I would read and study all you can this site has some good books that you can purchase and read.Trading knowledge & truth on both commodity futures and stock indices, web trading, trading systems, commodities futures, stocks, indices, forex and commodity options, investing, trading software, commodity trading systems, investment newsletters, tradestation, "day-trading methodologies," stocks and commodities commodity brokers, stock market traders, gann, kondratieff wave analysis and various types of market technical analysis.

  • invEST 7:00 am on September 28, 2009

    i agree. first You have to learn what are You doing first place.
    first reading should be http://www.investopedia.com/university/.

    then choose area where You are going to play(medical, energy etc.)

    then find yourself a broker. try first local brokers.
    You can find fees in here http://www.stockbrokersnet.com/Default.aspx?pID=0

    good luck

  • John F 7:00 am on September 28, 2009

    I´ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.

    If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you become much richer than you are today.

    My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:

    We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.

    Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don’t ever forget that.
    Don’t marry a stock, marry the idea of making money trading stocks. That’s the only way to do it.

    For me "All stocks are equally worthless”

    I don’t hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
    I could care less which way the market goes. It’s irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.

    Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin… That´s why so many new traders (and investors) lose money.

    Take a look at any daily chart of any index or stock and you’ll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market’s opening.

    The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.

    But if you do, you’ll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their
    online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.

    It’s easy to see why trading the open is the market’s prime time for profiting from other online traders.
    The market’s open is very volatile – that is the perfect environment for LARGE, FAST profits.

    Learn to trade as a professional Market Maker ,not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.

    There isn’t any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points
    in minutes OTHER than during the first hour the stock market is open. That’s why I love trading the open so much.

    I trade only when I have an edge and that means "only the first hour the market is open".

    If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.

    I can carry on with the advises about how to make money trading, but if you ask me:

    "What is the best thing you can do for me?

    I will say:

    Give yourself a BIG favor and go to this "Top Secret" site and learn how to get the BEST stocks that will make the largest and fastest day trading profits you´ve ever seen, all by yourself…

    http://www.onehourtrading.com

    After you review this site you won´t need system, strategy, book, software or mentor to tell you what to do,
    you will be able to profit HUGE every day.

    Good luck and good trading,

    John Fontaine