How to Get Started in the Stock Market

by Contributor ; Updated April 19, 2017
On your marks... invest!

How to Get Started in the Stock Market. The stock market can be a valuable tool for gaining more income as well as strengthening your insight into the world of business. Playing the stock market is usually reserved for stock market analysts and financial planners but the average person can learn the stock market just as well as the professionals. Get started in the stock market and start managing your own financial portfolio with the ease of a learned pro.

Step 1

Start by doing some basic research into the stock market. Answer long standing questions you may have such as; what is the stock market, or how do you make money in the stock market. You should be working with a solid foundation of knowledge before you attempt to dabble in the market.

Step 2

Read a financial newspaper such as the "New York Times" stock section or the "Wall Street Journal" to learn more about what is happening currently in the market. Stay updated on financial news every day.

Step 3

Pick five stocks to follow and analyze their trends over the past four or five years. Utilize the Internet as a research to help you track their progress. Create a flow chart with information regarding those particular companies net inflow and outflow and try and distinguish trends amongst the various fluctuations in income production.

Step 4

Play a virtual stock market game on the computer. Check into various online stock market games as they are a great primer to playing the actual market. Engage in the virtual market for a while before starting on an actual investment opportunities.

Step 5

Decide what you want to invest in the market for; perhaps you are saving for your future, a house, a new car, or to amass a larger net worth. Determine your risk tolerance and how much fluctuation you can handle without getting nervous to pick on an adequate stock. For beginning investors, mutual funds are usually the safest and least anxiety provoking.

Step 6

Figure out where you will get the funds to invest in the market and set aside anywhere from $500 at first to buy a few shares of the stock you've chosen. Find a reputable stock broker to help you buy and sell your shares of stocks. With your new knowledge, you might not need a full service broker but for beginners it is often recommended.

Tips

  • Remember that your 401(k) is essentially a stock investment. You don't have to be debt free in order to invest in the stock market. However, make sure the amount of money you put into your stock portfolio is an amount you can easily part with should the market forecast change.

Warnings

  • Do not invest in a high stakes investment with a lot of money on your fist go into the market. You could get shell shock from a drop in value.

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lloyds lost card phone numberbenefits of rotc in collegewww craigslist com houses for rentfreddie mac home pathcitgoaccountonlinepreferred dividends income statementemancipation from a parenthow bad does a repossession affect your creditminimum credit score for car loantithe tax deductibleeservice.metlife.comsocial security last four digitsnon reloadable prepaid cardsfilling out a w4depreciation recapture taxenterprise rental credit card holdhow long does adp direct deposit takeblockbuster gift card balancefiling illinois state taxesmarginal tax rate calculationwhat is the responsibility of a cosignerdebit life insurance companiesstock dividends distributableinstitutional holdings of stockspreferred shares tax treatmentmedicare advantages and disadvantagesonline money orders uspscoverdell versus 529publicrecords.onlinesearches.comwhat does umr insurance stand forredeem chase rewardscommon stock distributableknee arthroscopy pricedo speeding tickets go awaystudent tax write offsindiana homestead exemptionpersonal loan using land as collateralhow to protect credit card from scannerssample letter of special circumstances for financial aidclaiming medical expenses on taxescar loan early payoff calculator650 credit score car loanhow does cosigning a car workwhen to fill out a 1099protesting the stamp actcredit card surcharge calculatorcompassgagovw4 married vs singleoregon health plan income qualificationscredit card for credit score of 650homeowners insurance cover roof leaksis a pell grant the same as financial aidassumption mortgage divorcedmo ppostatute of limitations credit card debt floridahow to calculate credit card debtssdi taxessellers disclosure michigandifference between depreciation and amortisationmichigan intestate successionfha loan foreclosure processrevoking bailhow to get a student loan for summer classesebitda calculation formulastatement of stockholders equity formatdeceased parent scholarshipposb bank account balancesimple ira rollover rulesdea prescriber lookupbarbri costaes student loan paymenteffective annual yield bondcapital gain on shares calculatorlow cost headstones
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