Advice for beginning to play the markets

Question: I was wondering if anyone had any suggestions as to the best online site to use to begin investing. I’m not looking to use a broker but rather make my own decisions and see how I could do because I find myself getting increasingly more interested in the markets and would like to start to get a feel for them. Preferably a site with smaller commissions and an abundance of technical information would be best. Thanks for your input.

Also, I believe RIMM, the company who makes blackberries, is due for a big drop in the near future for more reasons besides the iPhone and wondered if anyone had any input on that.

Answer 1: You just want to buy and sell stock shares? Or do you want to invest in bonds and the money market? Have you ever done it before? Do you have a nice amount of money to play with? If the answer to either of those questions is “no,” I don’t know if you should just dive in.

Do you currently invest in a 401(k), 403(b), or IRA? If so, what about those investments leave you unsatisfied? If you’re just interested in learning and experiencing more about stocks and stock prices, you can find out the holdings in your retirement account and watch those.

If you want to learn by doing, but don’t want to risk anything, you can buy and sell shares of stock with play money at Investopedia.com. It’s a great learning resource.

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2 Responses to “Advice for beginning to play the markets”

  1. Great advice. Agree and recommend you learn about the different investment strategies for picking stocks and find the approach you are most comfortable with. Pick some stocks but, rather than buy them right away, play with some “what-if” scenarios and adjust your strategies accordingly. This is a good time to be thinking about stock investing, some great buys out there. Good luck!

  2. Ruben says:

    I would highly suggest http://www.stockcaster.net

    It has a lot of technical data, and it is designed for the technical analyst investor. It is also free. I asked them for a free account and they gave me one.