Lux Investing - Beginner Investing?

Beginner Investing?

I know absloutely nothing about investing, and don't have much spare cash, but I'd like to know if it's possible to invest a small amount of money and how to go about it. In Australia.

Public Comments

Congratulations on getting started. It’ll help you more than you know! Your first dollars should be spent on getting educated on investing. You don't have to train to trade them professionally, but we are talking about your future here. So the more you learn, the more it'll help you! So let's start there. You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks! How to invest depends on what you already know. We'll assume that you're beginning since you say that you are! A good primer is How to Make Money in Stocks by William O'Neil. You can get it cheap just about anywhere. It’s widely available new or used. Another good one is one of Jim Cramer's books like Real Money (he’s got a few). But books will only get you so far. At some point, you'll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com are both very good companies as is tmitchell.com For free, you can start by visiting thestreet.com and investopedia.com. That'll get you a pretty good primer so at least you'll understand what the markets are and what a stock is, etc. If you get a chance, watch Mad Money on CNBC. Don't trade any of his picks until you track many of them over time. Just use the show to get you to understand some basics and get a feel for the market itself. Next, subscribe to something like Investorsbusiness daily or something like that that can help you identify good stocks. Once you understand stocks, go to 888options.com. It's a website that'll help you understand options (what they do, how they work, etc). You don't need to trade them, but the more you know, the more you'll see how options can really be the safest way to invest (once you're educated). For discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin. Take your time, and let it seep in. As you get up to speed, you should papertrade to practice (highly recommended). This should help reduce your losses in the beginning as you get used to buying/selling. You can practice for free on almost any reputable broker site (optionsxpress, scottrade, thinkorswim, etc). And yes, you can definitely deal easily online. Australian brokerages should offer some similar features. Start slow, then as you figure things out, you can buy more shares. Congrats again on getting started. If you have any questions, please let me know. Hope this helps!
Trade Forex - but only with http://4xgenie.com services,because they will do it for ya,daily alerts to your PC, no need to study,or buy expensive learn-books. Free trial with no credit cad needed,(pay for services after you earn money in trial,good deal,ha?) code is MSMS555.good luck.
Open a brokerage account.
First step is learning. Check out www.thestockfather.com for beginning information!
YOU COULD INVEST HERE. YOU CAN START WITH 20 DOLARS ITS EASY TO USE CLICK HERE: ENTER HERE http://e-golddailypro.biz/?ref=16908 TO MORE INFORMATION CONTACT ME. tupropiadesicion@yahoo.com
I would suggest you to check the website http://money-review-site.com/shares.html to learn more on shares and stock trading and how to select the best stocks. You can contact online stock broker. Hope it helps
I am not sure how to invest in Australia. I like the Australian companies BHP and Rio Tinto, RTP. If you want to learn how to invest, I think the best way is to see what the best traders are buying and selling and why. You can find this information at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends. Here are this month's best traders: http://www.top10traders.com/Top10Standings.aspx Good luck.