#1 Open up an account with one of the many on-line stock brokers. If you pick a discount broker or a deep discount broker, plan on doing all the research yourself.
#2 You need to do some research on the stocks you intend to trade.
For #1, you can type On-line stock broker into any search engine. For #2, there are many sources of information so why not start right here with Yahoo Finance.
Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.
Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.
You need to do two things to start stock trading.
#1 Open up an account with one of the many on-line stock brokers. If you pick a discount broker or a deep discount broker, plan on doing all the research yourself.
#2 You need to do some research on the stocks you intend to trade.
For #1, you can type On-line stock broker into any search engine. For #2, there are many sources of information so why not start right here with Yahoo Finance.
If you’re a rookie in investing or stocks, go to
http://www.finance.yahoo.com
Open up a portfolio without using real money. You can give yourself as much or as little money to try out the market. The stocks you want to focus on is consumer staples, consumer discretionary, and healthcare. These are DEFENSIVE stocks that will survive through good and bad times. Most of my positions are in these stocks. Some names include 3M, Procter & Gamble, Kimberly Clark, Exxon Mobil, Walmart, Costco. Everybody’s got to eat and wipe their butts regardless of the state of economy. Many of these companies survived through the Great Depression.
That’s the benefits. You can sleep at night knowing your money is doing well. There are NO guarantees that you won’t lose money. It’s just that these stocks are the best. They pay good dividends too.
Then once you’re comfortable and test the waters of the market, you can finally put some real money in. Go to Scottrade.com. They’re excellent for beginners.