Help! Total noob at share trading! (1 Viewer)

[Green Pup]

I've been thinking about my future a lot lately, and decided that trading shares would help it somewhat.
The problem is, I've never paid attention in Commerce in Yr 9 when we played the ASX share game.
I started a game on Stock Watch so that I'll be able to practise...

So I've come here to ask the absolute basics:
You buy some shares now what?
Any general strategies that would help me?

 

[powlmao]

There isn't a universal strategy.

You need to derieve your own through your own independent research and skill.

But rule of numb
-buy shares which are viable and will definitely make a profit
-don't put all your eggs in one basket


Remember you buy shares of others and resell them to others, so sometimes it will be hard to sell/buy shares hence it is risky.

Also remember, prepare to make a Substanial loss in the short term. No one Is perfect and it is likely the value will decrease one day hence you loss money. In this case be prepared

 

[Dash8]

Don't rush out and buy shares just yet. You need to research first. Have a look at strategies such as fundamental and technical analysis. Warren Buffet mostly uses fundamental analysis to choose his stocks and ended up making around $50 billion.

Use the ASX Sharemarket game to test your strategies. This is what I am doing now. Don't go out and buy thousands of dollars of shares until you know your strategies work otherwise you will not succeed.

This is a fantastic site for learning about share trading - http://www.investopedia.com/#axzz1rIeNh8Kw
Type in technical and fundamental analysis and it will tell you all about them.

Hope that helped!

 

[SylviaB]

http://www.new2shares.com.au/

 

[SylviaB]

if you don't know what you're doing, then buying shares won't help your future

either be prepared to spend a lot of time researching, or do something else

if you have $10k or more you want to invest, go to a financial adviser or someone who will invest it for you

otherwise just put it in term deposits or something until you know what you're doing

asking for "strategies" from a forum will not help you

 

[Ritz1024]

if you have $10k or more you want to invest, go to a financial adviser

Do not do that op.

Read this Intelligent investor by Benjamin Graham.