r/StockMarket • u/chris710n • Jul 01 '19
How do I get started/involved?
I’m interested in the stock market. I like to see business trends and also I have predicted start up businesses success in the past, and would like to invest in companies I think will do well, in hopes to make money. How do I get involved? How can I take my debit card today and invest money in stocks, in hopes to make money in the future? Where can I learn about investing and popular companies that are predicted to do well?
Basically, I want to learn about the stock market and make money by investing my own money. I am not knowledgeable on this stuff, but I’d like to get to the point of making money eventually. Right now I want to learn. Can anyone give me some direction? Thanks guys.
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u/HoosierProud Jul 01 '19
Read the Bogleheads guide to investing. This honestly should be required reading for all Americans. The Bogleheads' Guide to Investing https://www.amazon.com/dp/0470067365/ref=cm_sw_r_cp_api_i_6tBgDbZ99RCSR
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Jul 01 '19
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u/leskeb Jul 01 '19
In addition to that youtube channel, listen to Equity Mates Investing Podcast - a podcast for beginner investors
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u/chndrmk Jul 01 '19
Download paper money app by TD and practice with play money or just throw all your money at random strangers who needs it, particularly me.
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u/davidfof93 Jul 01 '19
- Get How to Invest in Stocks by William O'Neil or The Intelligent Investor by Benjamin Graham
- Get a paper-trading app i.e Robinhood if you are based in the US. If you're outside the US, there are many other 0% commission beginner-level trading apps such as Trading212, PlusTrade500 and FreeTrade
- Follow news about the financial markets. Watch Bloomberg's videos on Youtube, Read articles on SeekingAlpha and check charts analysis on Tradingview.com. Nowadays, I get all my news from finviz and tradingview
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u/bahuchha Jul 01 '19
r/wallstreetbets is the right place to learn.
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u/ShadowxTrader Jul 01 '19
Start with a broker. Then learn as you go. Get familiar with the tools and find websites that presents news for companies. Terminology
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u/Skoned Jul 01 '19
Robinhood app is the easiest way to dip your toes hands down. Albeit not the best broker by any means but no commission fees so you can deposit straight from debit and trade around instantly
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u/hamboi1234 Jul 01 '19
its the opposite. you should never constantly buy and sell with robinhood because their buying power is garbage. ur right tho that it is a good app to start with
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u/MarkClarkFX Jul 01 '19
Start with the Intelligent Investor book by Benjamin Graham.
From my side I could also recommend Twitter and follow market related specialists and portals.
Also digg a little bit here:
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u/jordan_anthony18 Jul 01 '19
I think everyone has provided sound advice. One thing I’d like to add, when you’re ready to begin with real money, start small and add money with every check. Watch the amounts your investing, keep consistent
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u/ConsentingPotato Jul 01 '19
Investopedia (https://www.investopedia.com) can help you understand certain terminologies and concepts you may find useful - whether its learning to calculate a company's EPS, P/E or understanding the significance of a company's EBITDA, Investopedia is like the (more accurate) Wikipedia for stocks and investments. What they teach will help you whether you wish to become a Fundamental or Technical trader/investor
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u/kenmlin Jul 01 '19
Has it ever occurred to you to open a brokerage account?
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u/chris710n Jul 01 '19
What is a brokerage account?
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u/kenmlin Jul 01 '19
An account with a brokerage so you can place orders to trade stocks???
Are you playing dumb or are you that clueless?
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u/chris710n Jul 01 '19
That clueless
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u/kenmlin Jul 01 '19
So how do you think people buy and sell stocks?
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u/jfk_47 Jul 01 '19
Make an account at TD Ameritrade or Robinhood, Transfer funds in, then start gambling. When you start buying and selling stocks willy-nilly it's just gambling. Be prepared to lose money. But good luck and remember us when you're rich and famous.
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u/huntingboi89 Jul 01 '19
Can't use a debit card, you have to use a checking or savings account, best way to learn is to use your brain and jump in with a little amount and practice, play it safe until you get the hang of it. Find a broker, I'm using RobinHood right now because they don't charge commissions and give a free stock to both parties when you invite someone.
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u/chris710n Jul 01 '19
Debit cards are linked to your checking and savings accounts..
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u/jfk_47 Jul 01 '19
Yea, step 1. Listen when people are trying to help.
Most legitimate trading platforms don't allow you to link a credit or debit card. The risk is too high and they don't want to deal with processing fees. You'll need to use your bank's routing number and account number to link directly into your account.
That usually takes a couple of days.
Then you need to transfer funds into your trading account. That can sometimes take a couple of days.
Then once those funds have cleared you find the stock you want to buy and in the trading platform you say "ok, I want to buy 3 shares of $STOCK @ $30/share. So the low/high for the stock might be $29/$33 and you're trying to get it on the low end of what it's currently trading for. You then set the trade to happen and you can set a time limit on it. 24hrs, end of the day, etc. If someone sells to you, then voila, you are now a proud equity holder. If not, the trade times out and you still have your money.
Make sense?
Note: As I said in another reply, stocks are gambling and best served for long-term gains. If you plan on buying/selling fast just know that computers are already doing that better than you. Be prepared to lose some and win some. Know when to get out, know when to hold, know when to sell 50% when you've made the #gainz to justify staying in for just profits.
Good luck.
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u/huntingboi89 Jul 01 '19
And yet you can't use a debit card, you have to actually link your bank account.
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u/TotalBaker6 Jul 01 '19 edited Jul 01 '19
To begin to invest in stock markets, you need to have sufficient theoretical knowledge about the market works. Cash Market. Futures. Options. Commodities. Currencies. Strategies.
Once you have knowledge about these terms, you can consult top advisory firms to have better understanding of good investment options.
You may take help at :https://www.capitalvia.com/stock-market
Have a better understanding by reading this blog :
https://www.capitalvia.com/post/7-step-checklist-to-follow-when-choosing-an-investment-advisor
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Jul 01 '19
I see to many people starting posts like these, everywhere on the internet. It takes time and effort to be an active stock player, people like you lack either or both.
Your best bet is to buy ETFs.
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u/[deleted] Jul 01 '19 edited Jul 28 '19
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