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MakingMoney said: "When I was younger, I wanted to become a stock broker but I changed my mind (but still in the business field). I was very interested and I got more interested in it after reading a book (Rich Dad, Poor Dad). Well, I just want to know what is the best way to learn about stocks so that when I grow up I know what to do. (like books, magazines, courses,etc...) I'm still in high school so some options are limited but anything would help me out. Thanks."

AlfredSokol said: "The only way to learn anything is by doing. Open up a brokerage account and begin trading. If you have any money left after a year, you're learning."

MakingMoney said: "can I do this at 17?"

Heather said: "If you have a year until you turn 18, a good newspaper is IBD. It's a little costly, but is available in both online and offline form (online is cheaper than the offline) Lots of info on swing plays in that one. Other magazines like Fortune and Money offer some tips and tricks, too.."

Grifter said: "Yeah, I did the trial for IBD, then after I cancelled, its way too expensive for my blood, when I become a more serious trader with higher profits and a lot more capital, IBD here I come! A free source though, [url]www.investopedia.com[/url] with a simulator and a lot of tutorials."

Harry said: "[QUOTE=MakingMoney]can I do this at 17?[/QUOTE] Oh God yes! There's lots of great sources of information out there. The best advice I can give is telling you that probably half the advice you get will be BS or wishful thinking or stock pumpers. More info is better than less info. More info tends to start delivering a clearer picture. Look at company reports...listen to conference calls. Also be wary out general influences on the market. Good stocks can still go nowhere. Another thing I learned... Initial stock losses can cause a bit of panic selling where as a most stocks will recoup losses. These reactionary trade fees can gobble up you account...even low fees."

emfb said: "Learn now before you actively trade. Trading stocks is the smart mans gambling table. You wouldn't show up to a poker tournament as your just learning the rules now would you? Check out [url]http://investopedia.com/[/url] There are three vectors to consider when selecting a stock (at least for me); News, technical analysis and fundamentals. 1) Forget those money magizines. Instead look at industry trade magazines [url]EETimes.com[/url], financial newspapers [url]ft.com[/url] and even the people around you. Trade on what you know, such as hobbies, fads such as clothing or gadgets, the busiest store at the mall, etc. The idea is to indentify trends and sentiments. 2)Lean how to interpret technical analysis chart indicators such as EMA, MACD & RSI. Understand what they represent. Throw in some candle stick indicators for good measure. This will let you now when stocks are "on sale" and can be purchased at a discount. Conversly, it will also let you know when they are too expensive and profits can be taken. 3) Focus on how to understand and read a companies fundamentals such as EPS, P/E, EBIT and market capitalization. This will let you know how well the business is managed and if they are making money. Create a simulated portfolio. Investopedia.com, Smartmoney.com and Finance.yahoo.com all have them. Keep a journal or spreadsheet of your trades. Buy price and date, sell price and date, precent return, the number of trading days held and most importantly what made you decide to buy the stock and also why you decided to sell it. This will help make yourself accountable for your decisions by exposing any bad trading habits/reasoning. When you enter your career, regardless of profession, you will probably get a 401k retirement plan or start your own IRA. So you'll need to learn this stuff anyway, hell everyone should learn this. Good Luck!"

jhealey said: "First read a book on Fundamental Analysis, then a book on Technical Analysis. Then read a book on Portfolio Management. Next, every 2 weeks read The Economist. Every week read Business Week. Every month read Fortune, Money or whatever you like. Everyday read The Journal. Thats what I do. The Economist shows aggregate trends/policy and indicators, business week shows developing/modify new business models, plans, moves etc. The investment mags have some decent stuff to consider but I rarely use their advice. The Journal of course is what keeps me up to tabs daily or whenever i pick it up."

jsoana said: "How does technical analysis allow you to know when to buy because i feel all it does is show current and present but you have no idea what investors could do in the future. A stock might open low and close high but that does not mean that the same will happen tomorrow or the day after."

jsoana said: "What books do you recomend for fundamental and technical analysis? [QUOTE=jhealey]First read a book on Fundamental Analysis, then a book on Technical Analysis. Then read a book on Portfolio Management. Next, every 2 weeks read The Economist. Every week read Business Week. Every month read Fortune, Money or whatever you like. Everyday read The Journal. Thats what I do. The Economist shows aggregate trends/policy and indicators, business week shows developing/modify new business models, plans, moves etc. The investment mags have some decent stuff to consider but I rarely use their advice. The Journal of course is what keeps me up to tabs daily or whenever i pick it up.[/QUOTE]"

Harry said: "[QUOTE=jsoana]How does technical analysis allow you to know when to buy because i feel all it does is show current and present but you have no idea what investors could do in the future. A stock might open low and close high but that does not mean that the same will happen tomorrow or the day after.[/QUOTE] The mutual funds and hedge funds guys push those incremental gains and losses each day that you see. You can't beat them at that game. Jim Cramer's book expalians this VERY well. Go for value buys and hold while monitoring activity that affects "the future"."

jsoana said: "[QUOTE=Harry]The mutual funds and hedge funds guys push those incremental gains and losses each day that you see. You can't beat them at that game. Jim Cramer's book expalians this VERY well. Go for value buys and hold while monitoring activity that affects "the future".[/QUOTE] Right, I have read Jim Cramers Real money book and all he seems to talk about is fundamental analysis which is what you are talking about when you mention value buys if I am not mistaken. Therefore whats the use of fundamental analysis rather than just for monitering day to day stocks. Does it give u any hints on what price to sell at? Thanks"

dreamland said: "[QUOTE=emfb]Learn now before you actively trade. Trading stocks is the smart mans gambling table. You wouldn't show up to a poker tournament as your just learning the rules now would you? Check out [url]http://investopedia.com/[/url] There are three vectors to consider when selecting a stock (at least for me); News, technical analysis and fundamentals. 1) Forget those money magizines. Instead look at industry trade magazines [url]EETimes.com[/url], financial newspapers [url]ft.com[/url] and even the people around you. Trade on what you know, such as hobbies, fads such as clothing or gadgets, the busiest store at the mall, etc. The idea is to indentify trends and sentiments. 2)Lean how to interpret technical analysis chart indicators such as EMA, MACD & RSI. Understand what they represent. Throw in some candle stick indicators for good measure. This will let you now when stocks are "on sale" and can be purchased at a discount. Conversly, it will also let you know when they are too expensive and profits can be taken. 3) Focus on how to understand and read a companies fundamentals such as EPS, P/E, EBIT and market capitalization. This will let you know how well the business is managed and if they are making money. Create a simulated portfolio. Investopedia.com, Smartmoney.com and Finance.yahoo.com all have them. Keep a journal or spreadsheet of your trades. Buy price and date, sell price and date, precent return, the number of trading days held and most importantly what made you decide to buy the stock and also why you decided to sell it. This will help make yourself accountable for your decisions by exposing any bad trading habits/reasoning. When you enter your career, regardless of profession, you will probably get a 401k retirement plan or start your own IRA. So you'll need to learn this stuff anyway, hell everyone should learn this. Good Luck![/QUOTE] can not agree more, thanks"