Options Trading Tutorial

How to learn the very very very basics of stock, trading?

To start off, I would like to introduce myself first. I am currently 18 years old, about to graduate from my school soon.I wish to help my family out financially and is lured by the seemingly 'fun' and lucrative world of trading. I know nuts about finance n stuff, and of course, have absolutely no idea on what is stocks,trading ..blah blah. But seriously, I wish to get a head start soon, attending professional talks on trading is not a viable option right now for some reasons, thus I wish to be able to learn the very very basics of stock n stuff..I tried searching the web on the basics but all i have gotten is concepts which are beyond my comprehension. I am asking if anyone know where to get good sites which offer fundamental insights on trading? Thanks alot !

Public Comments

1. Start with these two books: "Investing For Dummies" (general information about investing) and then "Stock Investing For Dummies." Learn how to invest before you try "trading." Most amateur "traders" loose money.
2. Just find yourself a very basic and straightforward book and read it all (see link). Then go ahead and build a fake portofolio of stocks and start trading. By fake I mean to pick some stocks and build a portofolio on Yahoo Finance or Google finance but in reality you haven't bought anything. All you are doing is picking some stocks based on what you have learned from reading and see how they perform. Once this gives you some confidence then you can consider using real money, slowly.
3. Two out of three of your Answerers are way off base, don't belong here, and are a waste of time. Why do they bother. Sorry. Yes, read the two books suggested. I don't think there are really "concepts beyond my comprehension," or you would ask about those concepts specifically. We can answer that, but we cannot teach you the "fundamental insights on trading" any more than we can teach you the fundamental insights of being an auto mechanic, other than in general terms that won't help you. You are being lazy, asking the wrong questions, trying to sound important with jargon you know nothing about. There is nothing wrong with ignorance, only remaining that way, or pretending you're not ... blah blah. If you wish to get a head start, you will study and learn, not ask silly, long-winded questions until you have a feel for what you're asking about. The terms are here: http://www.investopedia.com/terms/i/investing.asp Other books: "Which Is Better, Buy-and-Hold or Market Timing?" "Do You Have What It Takes to Be a Market Timer Lefevre, Edwin - Reminiscences of a Stock Operator Schwager, JackStock Market Wizards O'Neil, William J.How to Make Money in Stocks
4. I was in the same situation you are in about a year ago. I went onto amazon and searched for the books with the best customer reviews and then read them to see what appealed to me the most. I ended up with this book http://www.amazon.com/Youre-Clueless-About-Stock-Market/dp/0793143675/ref=sr_1_4?ie=UTF8&s=books&qid=1262280780&sr=8-4 All the books listed will give you the knowledge you need. This is the one that worked for me, the book is kinda like a friend breaking it down for you with some corny jokes here and there as opposed to a textbook-esque breakdown that most stock books provide. The book has great analogies and even gives a methods to invest your money that has been successful for the last 30 years or so. I suggest you go on amazon, read the reviews and pick based on that. Good luck and don't rush the process or you will lose money quickly
5. I was a newbie in stock trading before. You can visit my blog http://mystocksinvesting.com/category/my-reminders/where-and-how-did-i-learn-my-investing-knowledge-from/ to see how I can started.
6. I learned the basics through paper trading. Register at something like the virtual stock exchange. Then start trading. Lots of good lessons to learn without losing a cent. I started off by reading charts and technical indicators. When I figured out what worked, I kept milking it. Paid for college that way. Ended up creating a site to help people do technical trading: http://www.traderbots.com Hope that helps. g' luck
7. First I would like to congrats you. In 18 this is a really good job. I have some point to share with you. * Do ever think stock market as your primary income. * It is just like a business where you may have profit as well as loss. * You should be ready for any loss and your mind should be in a position if you loss money. * Your investment should be a part for your monthly investment. These all are some basic points to keep in mind before investing in market. ***************************************************************************************************************** Now some basics about markets. simply to say, if a company or organization needs money they bore from others. So the company can ask people to become thier partner. This is where the market comes here. They sell their stocks in NSE and BSE. This is been regulated by sibe. What can we do with these things? We can become a share holder of a company (Eg. SBI, RIL and so on) We can bid on a company saying that today the market will rise or today the market will go down. ******************************************************************************************************** # Intra day # Delivery # Futhers and Options (These some technical terms in stock markets.) Intraday We can buy shares and sell those shares on the same day. Delivery. We can buy shares and sell them when ever we need to sell them. (Eg: If we are buying a companies share today and if the market rises up we can sell them even after 10 years.) Futhers and options Baby this is very risky part in market. this the the place where you can bid the market. If you need more just get in touch with me at giri.senator@yahoo.in