Newbie with a small amount to invest

I know a large wad about it but i do not think i know enough to go in just yet. I am always reading an researching but you can never know enough and everyday i read and surf around the forums and other great sites i am slowly understanding the workings of it all.. thanks for the tips guys

Regards
Zam

Zam,
Did you ever try to pretend-trade?

Make a trading plan, and pretend buy for $500 and make another portfolio with $2000 or $5000 parcels.

Have stop; profit target or exit strategy in place and at least you can have some idea how it’ll be when you accumulate enough money to trade for real.

On this board we have strong opponents of pretend-trading, but jet fighter pilots do it in simulators too and they must to get into real cockpit, so why such opposition to use safe survival technique in trading, don’t know.

Clock up 10 posts and make your first punt on stock trading competition, and if you get it right you can earn real money, and get some safe exposure.

zam said:

Hi Guys n gals,

I am very new to the stock market and would like to get myself into it.
I initially thought that $500 would be a good start until i saw many recommendations of around 2k - 3k. would it be worth buyin $500 in a stable company or put it in a term account and add to it weekly.

any ideas would be great.

Regards
Sam

Click to expand...

$500 is enough to stast investing but not enough to start trading. There is adifferrence. My advice is to look for a stock which is low priced but is developing and make your own assessment a to its future potential. Look to hold for about 2 years. Brokers dont usually recomend this as there is not a lot of brokerage in it for them.

eg. I bought SMY 3 years ago for 35c. on the basis that they had nickel and were building their own processing plant. I have since sold some at $1.50 .
I recently bought AZR @ 17c on the basis that they are developing an iron ore mine & MOS @ 16c on the strength of their coal seam gas.
I take very little notice of charts. I examine their value.

There is good advice earlier relating to paper trading you would learn more there than most of the expensive seminars. If the people running them were as good as they say then they wouldn't have to charge for their advice as they wouldn't know what to do with all the money they would be making.
Give it a go
.

hello,

forget about reading anything

put all into any one of the banks or large diversified blue chips, and sit on it

thankyou
robots

robots said:

hello,

forget about reading anything

put all into any one of the banks or large diversified blue chips, and sit on it

thankyou
robots

Click to expand...

yes but which bank and which blue chip?
THATS WHY U READ

hello,

any of them

thankyou
robots