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There are currently 3 responses to “Advice for Teen in Investing in Stock Market?”

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1. 1 On July 3rd, 2012, ron abdullahu said:

   Congratulation on taking the step toward making money. A lot of people are scared to invest right now but it’s the best time to invest. Before you invest you should open an account with e trade, Ameritrade, Scott trade, which ever one you feel meets your standards. I personally use e trade I like their customer service better but every one has different needs like I said. Now when investing at first invest $ 100 on a penny stock something that doesn’t move to much. When you first begin you don’t want to take huge risks. Take it slow and learn the market, read on the company’s, profit, # of employees, new contracts, new products, make sure they have filled papers with the SEC. If they do not file papers with the SEC don’t invest in that company because then they don’t have to share information with you. If you have no info you wont know if the company is doing good or going under. As far as fees go they all charge from $ 7-$ 10 per trade. There are no monthly fees for trading, unless you want to get advanced charting but you don’t need it when you first start. A good stock that I started with and its a pretty good stock is (SIRI) Sirius XM Radio Inc. (NASDAQ) right now its trading at about $ 1.80 which is a fair price for it and will go up as the economy does better.

   Good luck

   posted on July 3rd, 2012 at 1:20 pm

2. 2 On July 3rd, 2012, A nobody said:

   All brokerage firms provide their clients with on-line capabilities, trading platforms, latest market & financial news and research. Customer need to select the site that is best for them. Traders have requirements in a site, while investors have other requirements. All major firms have good reputations and are closely monitored by regulatory agencies.

   Although most sites are geared to general securities and commodities, however customers may have special needs for the types of products they trade, and the markets in which they trade. For example I use Fidelity for investing. Scottrade for equities trading and ThinkorSwim for option trading

   It seems that the most popular firms for on-line investing/trading all of which provide excellent platforms and services are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade and Thinkorswim.

   Sharebuilers is NOT a firm that any one should deal with unless they are going to make periodic investments and have a buy and hold mentality.

   Firms do not build platforms for “teens’ they build them for investors and/or traders regardless of their age.

   Using Investopedia to research the stock market is NOT always the best way to go, and “playing” the market in a simulation is totally different than the real thing

   Here are some books that can and will help you undertand the markets and the products traded in those markets

   Beating the Street by Peter Lynch
   Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
   From Riches to Rags, by I.C. Freeley
   Millionaire Traders, Lein & Schlosberg
   How to Make Money in Stocks” by William O’Neil
   24 Essential Lessons for Investment Success by William O’Neil
   The Intelligent Investor, by Benjamin Graham
   Common Stocks, Uncommon Profits, by Philip A. Fisher
   One Up on Wall Street by Peter Lynch
   Stocks for the Long Run, by Jeremy Siegel
   The Interpretation of Financial Statements by Benjamin Graham
   The Lazy Person’s Guide to Investing by Paul B. Farrell
   The Warren Buffett Way by Robert Hagstrom
   Trading for a Living, by Alexander Elder
   Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
   What Works on Wall Street by James O’Shaunessey
   You Can Be a Stock Market Genius by Joel Greenblatt
   Your Money and Your Brain by Jason Zweig

   Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp , http://finance.yahoo.com/
   Other website that can provide instructions and help with procedures and terminology are Investopedia – http://www.investopedia.com/ http://www.investorshub.com/
   Visit some of the more professional websites like Zacks Research – http://www.zacks.com/ Smart Money – http://www.smartmoney.com/ Schaeffer’s http://www.schaeffersresearch.com/ Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it. Or you can meet others who are trading at http://www.moneyshow.com/main.asp

   Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.

   And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ and/or http://www.tradingsimulation.com/

   You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.

   Good luck on your journey, study hard and you’ll invest well

   posted on July 3rd, 2012 at 1:59 pm

3. 3 On July 3rd, 2012, Kelly said:

   Hi guys now days there are number of commodity market site. which provide you commodity tips but as a fresher you have to choose which site is batter the one who will help you so this I can recommend you http://goo.gl/YjfMb as this is the same site which i am using for getting helpful free tips.

   posted on July 3rd, 2012 at 2:16 pm

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