So I am getting very serious about the stock market lately, and wanted some recommendation from people around here What are some recommendations on sites where I can get an account to buy stocks, and if you dont mind sharing your advice or what you have for stocks
fool.com may be a good resource for anyone before entering the markets, there are some good readings there. At this moment, the fluctuations make easy money but can also cause great losses.
True but normally the problems are in gauging how high is high and how low is low, you may buy thinking it is low, but it can end up lower and vice versa.
I use Ameritrade. There are many different strategies for playing the stock market. I prefer buying/selling on short term trending indicators. I think it's a bad idea to try to "buy low & sell high" as guessing the bottom of a dropping stock is next to impossible.
I don't recommend you using digitial point as a form of reference when it comes to investing in stocks. I'm sure there are a lot of experienced traders/investors, but for the most part, most here seem to be website makers and such. The best source of information are books. Go on amazon and checkout the most popular books on investing in stocks and read up on those. Good luck.
I don't usually talk about the market over the web, but I feel compelled to after reading some posts. First, read before you enter the market. Learn TA, read on the INs and OUTs. Second, what are you looking for in a discount brokerage? Low fees? Penny stock friendly? Canadian-based? Insurance? etc. etc.. Third, now that there is so-called recession, one might think this is not a good time to enter the market. But there are many, many techniques one could use to use a recession to their benefit. Shorting for one. What I am trying to say is that be careful of the choices you make when in the market. DomainKing's 2cents; Have the money? Long term investing? Go for resources -GOLD! DomainKing
I'll tell you the secret to making lots of money in the stockmarket: Buy low, sell high if going long or sell high, buy low if going short
That concept of buy-low-sell-high has been around. That is beyond common sense. One should always look for a low opening with an opportunity to get high fast. Another tip? Instead of looking for how much you can make on an investment look how much you can lose... Strange eh? Look for the buy-back options on each stock to see what there fall back price is. Also, Zecco has free trades but I have never tried them I am currently with TD Waterhouse (Canada). DomainKing