Tips for New/Beginner Level Traders


For those interested in investing in the stock market here are a few suggestions to help you out.To start trading simply find a brokerage ( Scottrade, Etrade TD Ameritrade , Charles Schwab). Most brokerages require a minimum of 500,1000$. From there you can work your way up. Before jumping into the water of the market, always do your own research. There are also many apps to simulate stock trading  for you to practice with if you do not feel comfortable learning on the fly with real money( Stock market Billionaire, Investopedia) . Prior to jumping in you should take time to analyze the trends occurring in the market. Assess your own risk tolerance. If you have a high risk tolerance you can look into highly speculative stocks or stocks that can be considered start ups. These stocks usually offer prospective investors high risk high reward opportunity. That way you know what type of investor you are. You can always start off with investing in a dividend stock which is a stable stock that offers very low risk. Examples are Microsoft MasterCard Berkshire GE  Apple Nike . These stocks will allow you to watch your original investment slowly grow which will leave you smiling. You can do your research and try to be on the prowl for companies that have a high possibility of getting bought out.  Another tip is that you cant let your emotions get the best of you. It is great to be ambitious to a certain degree. Trust your instincts and if things go well don’t let your greed take over. Never make any emotional decisions ( decisions out of anger or excitement). Keep I mind no one in this world knows in what direction a stock is headed in not even warren Buffett.

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2 Responses to Tips for New/Beginner Level Traders

  1. tommyb1984 says:

    Not a beginner anymore but great tips!

  2. will you care if I share this on twitter?

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