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how Do I Initially Begin Buying & Selling Stocks? Should I Look Into Day Trading Penny Stocks ? Or Should I Invest Larger Amounts Into A Few Companies & Wait Until i Can Sell The Stock For More Than I Paid ?

Im Just Now Looking To Invest In a Few Companies To Make Some Money, I Just Have No Clue Where To Start.
#StockMarket #Business #HungryForInformation #entrepreneur

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Hammdy’s Answer

I would recommend reading The Intelligent Investor by Benjamin Graham to acquire a foundation of stock-trading knowledge.

Hammdy recommends the following next steps:

Read The Intelligent Investor
Thank you comment icon Okay, Ill Get On it Now Hammdy Thanks Alot Vernon
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Nicholas’s Answer

I would not recommend day trading penny stocks, especially for someone just starting off. Its importance to diversify your investments, owning stocks of different sectors, market caps, geographies. You actually don't need a lot of money either to begin. Purchasing ETF's or mutual funds is the better way to start off. These investments allow you to easily diversify because, one stock or mutual fund can own hundreds companies.
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Joseph’s Answer

Hello Vernon -

I would recommend focusing on research and getting overly comfortable with the markets before investing your own money. You may find it useful to open up a demo account first to help you get started.

I've included 2 links below:

1. A website with a few different options to open up a demo account.

https://www.daytrading.com/demo-accounts

2. A trading software that I personally use to chart and track the prices of different stocks.

https://www.tradingview.com/

As a final piece of advice; continue to ask questions and stay hungry for information. Focus on building your network - you will be surprised with how helpful staying in touch with people can be in the long run.

I hope this helps and wish you the best of luck with your future endeavors.

Joe
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Mark’s Answer

I would not recommend day trading penny stocks. I recommend setting aside a small amount of money, so you can invest in a successful profitable company.

Financial services like Charles Schwab and Robinhood will allow you to purchase fractional shares.
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