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Stock Market For Beginners - Learning The Ropes Without Losing Your Shirt

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  • Stock Market For Beginners - Learning The Ropes Without Losing Your Shirt

    Stock market for beginners is just one article. It is not a complete stock market education. You will need to learn a lot more than anyone can tell you in a 500 word article before you put your hard-earned money at risk in the stock market.

    What I'm going to do is just hit the highlights.

    If you remember these things, your trading capital will be better protected.

    Use limit orders. Avoid placing market orders until you have enough experience to anticipate the market makers' responses.
    Place your stock trades online during market hours (9:30-4:00 Eastern Time, Monday-Friday). Do not call your brokerage just to place an order unless you want to pay 3-4 times the trading fees. Do not place orders after hours for the same reason.
    Take only long trades for now; it's simpler. Shorting stocks is a little more complicated than just executing long trades in reverse.
    Finally, stock market for beginners' most important rule: Always trade with the trend, never against it.
    The trend is nothing more than the general direction of the market as a whole, or that of a particular equity. You can easily find out which way a stock is trending by simply looking at a chart. One you open an online trading account you'll have access to their interactive charting software. Until then, there are several websites that offer free stock charts. I use the ones on http://www.Zacks.com when I don't feel like logging in to my account.

    Since you're running with the bulls right now, trading with the trend means that you will only open a new position if the stock you want to buy is in an uptrend and the market (as determined by a chart of the S&P--symbol SPX)is also in an uptrend. If either your stock or the overall market is headed down, stand aside.

    Profitable trading requires patience. One of the most common mistakes stock market beginners make is they take too many trades. Trades a more experienced trader would have let go.

    Losing trades.
    I know you're excited to begin making fast money in the markets. I also know that, over time, your returns will be greater if you wait for the right set up before entering a position. Yes, you can sometimes make 20% in two weeks. What the "make money quick" people don't ever seem to mention is that you can wait three months for that 20% gain opportunity to come along.

    With time, knowledge, and patience; today's beginner can become tomorrow's stock market winner.



    Article Source: http://EzineArticles.com/3023109
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    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."


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