No offense, but you don't "play" the stock market. By doing the proper research you could reduce the "luck of the draw". When your research meets your trading rules and your plan, THEN you invest your money.
Trading can be or is a very isolated and "hermit-like" way to live or exist.
It doesn't have to be that way. THE BEST suggestions I can offer:
Join a trading group, an investment group or investment club. BELIEVE ME, they can be wonderful experiences.
Like everything else, you get out of it what you put into it. For your own benefit and the overall benefit of the group or club, you must be active.
You should continue saving your hard-earned money AND at the same time, you learn about trading and the proper ways to invest.
You DO NOT put the entire amount in your trading account in one stock. In other words, "DON'T put all your eggs in one basket."
You SHOULD stay away from "cheap"/inexpensive stocks. This includes "penny stocks" or "penny shares"; In brief, any stock less than $10. Those stocks are far too risky. It's better to invest the same amount of money in fewer shares of higher-priced stocks, instead of a whole lot of shares in the inexpensive stocks.
In the beginning, you should investigate the different investments you have available to you. Make THE BEST investment you can: Invest THE TIME to educate yourself. Do on-line searches; read books; enroll in investing and finance classes; seek out and use mentors and coaches; ask Qs about those investments which truly interest you: stocks, options, currencies, commodities, bonds, real estate, etc. Once you have that knowledge, no one can ever take it away from you.
In the beginning "newbie" traders & investors DO NOT INVEST any money. It probably won't be too long when you'll feel you're ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in.
You should LEARN HOW:
A] the stock market works.
B] to invest in many, many various ways.
C] to properly trade
D] Properly manage the money in your trading account.
"Newbie" investors & traders ALWAYS make mistakes. In fact, throughout a person's trading hobby, avocation or career, he/she makes mistakes.
In the beginning, you READ & LEARN about the market & how it works: Read the very basic books about what the different investments are, how each investment works and learning how to trade that investment.
As you read & do research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before. Use an on-line investing site or an investment dictionary.
There are also free sites where you can set up a virtual account & almost trade as though you were trading with real money. Since Google is providing the ads for this site, you can do a Google search for those. There are quite a few of them. You might want to try a few different virtual trading sites, THEN make your selection.
Trading can be or is a very isolated and "hermit-like" way to live or exist.
It doesn't have to be that way. THE BEST suggestions I can offer:
Join a trading group, an investment group or investment club. BELIEVE ME, they can be wonderful experiences.
Like everything else, you get out of it what you put into it. For your own benefit and the overall benefit of the group or club, you must be active.
You should continue saving your hard-earned money AND at the same time, you learn about trading and the proper ways to invest.
You DO NOT put the entire amount in your trading account in one stock. In other words, "DON'T put all your eggs in one basket."
You SHOULD stay away from "cheap"/inexpensive stocks. This includes "penny stocks" or "penny shares"; In brief, any stock less than $10. Those stocks are far too risky. It's better to invest the same amount of money in fewer shares of higher-priced stocks, instead of a whole lot of shares in the inexpensive stocks.
In the beginning, you should investigate the different investments you have available to you. Make THE BEST investment you can: Invest THE TIME to educate yourself. Do on-line searches; read books; enroll in investing and finance classes; seek out and use mentors and coaches; ask Qs about those investments which truly interest you: stocks, options, currencies, commodities, bonds, real estate, etc. Once you have that knowledge, no one can ever take it away from you.
In the beginning "newbie" traders & investors DO NOT INVEST any money. It probably won't be too long when you'll feel you're ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in.
You should LEARN HOW:
A] the stock market works.
B] to invest in many, many various ways.
C] to properly trade
D] Properly manage the money in your trading account.
"Newbie" investors & traders ALWAYS make mistakes. In fact, throughout a person's trading hobby, avocation or career, he/she makes mistakes.
In the beginning, you READ & LEARN about the market & how it works: Read the very basic books about what the different investments are, how each investment works and learning how to trade that investment.
As you read & do research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before. Use an on-line investing site or an investment dictionary.
There are also free sites where you can set up a virtual account & almost trade as though you were trading with real money. Since Google is providing the ads for this site, you can do a Google search for those. There are quite a few of them. You might want to try a few different virtual trading sites, THEN make your selection.
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