6 Responses to “Where is the best resource to learn the basics of stock and options trading?”

1. A nobody Says:
   April 30th, 2010 at 3:18 am

   Here is some reading material that can get you started in the right direction,
   What Works on Wall Street by James O’Shaunessey
   Beating the Street by Peter Lynch
   One Up on Wall Street by Peter Lynch
   The Warren Buffett Way by Robert Hagstrom
   How to Make Money in Stocks” by William O’Neil
   24 Essential Lessons for Investment Success by William O’Neil

   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/ )

   While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it.

   Other website that can provide instructions and help with procedures and terminology are
   Investopedia – http://www.investopedia.com/ Stock Charts – http://stockcharts.com/
   http://www.investorshub.com/ http://www.1source4stocks.com/, http://www.tradingstocksguide.com/trading-stocks/

   Visit some of the more professional websites like Zacks – 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.

   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.

   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

2. Ethan Says:
   April 30th, 2010 at 4:12 am

   Here is a resourcfule e-book on basic information and for the advance user. I hope this is of help.

3. Michael Says:
   April 30th, 2010 at 5:06 am

   I would invite you to have a look at http://www.safe-options-trading-income.com, an educational website devoted to learning about conservative ways to trade options. Happy learning!

4. James Says:
   April 30th, 2010 at 5:36 am

   Free DETAILED tutorial on every possible lingo, concept, strategies in options trading explained using layman terms, examples and VIDEOs… ALL FOR FREE…the undoubted king of free options trading education at http://www.optiontradingpedia.com . I learnt everything I knew about options trading from studying that site… I didn’t spend a dime on books or seminars.

5. kailash chturvedi Says:
   April 30th, 2010 at 5:40 am

   Hi the best way to learn any thing is that ,you must put your quarry at any of the search engine …and you will be able to see thousands of results and read and read …and you will be succeeded it is sure there are so many free sites.bloggers and forums too and few are charging very nominal charges too …so it is up to you what do u want …if you want to be master very soon then you must opt some guide for u who can put you on right track other wise all stuff is available at free of cost on net only on your single click away from you …feel free to contact us for further assistance …

6. Bea Says:
   April 30th, 2010 at 6:33 am

   The Wall Street Journal (used to?) publish the Guide to Money & Markets with a paid subscription, a free site is Investopedia.com University 101, I’ve referred my friends to this site since the sections are short enough that you can figure out quickly if you already know this part and can move on to the next one.

   http://www.investopedia.com/university/?viewed=1

   One of the common challenges of investor and trader education is since we are the most well informed group of consumers than anyone else in the world, most investor education tools are half boring and rehash. The Idiots Guides are a fine series of publications but these aren’t excempt from rehashing what we already know.

   The Investopedia site is very similar to the WSJ Guides which were being published before the web even existed and were equally modular and concise.

   Investopedia also has one of the largest online contextual dictionaries of financial terms when you’re curious and becoming comfortable with exploring strategies.

   I would also suggest you begin trading in a practice or demo account, this is also called “paper trading” where you can take positions with a fantasy dollar amount and those positions will fluctuate in value and in accordance with real world market conditions.

   A demo account is one of the best tools to help you determine your risk acceptance and volatility tolerance, but it is still never the same as the real thing.
   Some new traders are reluctant to explore demo accounts with the perspective they are childs toys or less than courageous, this is dangerous since “hero trading” results in poverty and many professionals today still use demo accounts or demo transactions to help assess the viability of new and modified strategies.

   PFG offers an excellent demo account at no charge and one you can trade all kinds of instruments including options and futures.

   http://www.pfgca.com/besttest.htm

   Marketwatch.com also offers Virtual Stock Exchange at vse.marketwatch.com but it is less than satisfactory in my own experiences since it only allows the purchasing and short selling of stocks and the orders can take hours to reflect in your virtual account and impact your virtual cash balance.

Trackbacks

Leave a Reply

Name (required)

Mail (will not be published) (required)

Website