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Teach me about the Stock Market.
ricko
Registered User regular
Registered User regular
No witty title for this one sorry.
I have recently taken an interest into the stock market. I intend to invest one day, but for now I don't have anywhere near enough surplus credit to start a brokerage account.
I do however think it's a fascinating process, and would like to almost become a trading 'geek', someone who can identify with all the terms and who can begin to understand how the market works.
The past few days I've spent in my room have been consumed by reading various Trading 101's, using market simulator games (quite good fun btw) and even an attempt at a flick through the financial times. I think the problem is though there's just too much to learn at the moment so there's not a chance for the information to saturate my peasant brain.
So how then do I start learning? What to learn first?
tl;dr: I would like to savvy up on the stock market, anyone with experience or advice on how a small trader can start to learn about all this stuff?
I have recently taken an interest into the stock market. I intend to invest one day, but for now I don't have anywhere near enough surplus credit to start a brokerage account.
I do however think it's a fascinating process, and would like to almost become a trading 'geek', someone who can identify with all the terms and who can begin to understand how the market works.
The past few days I've spent in my room have been consumed by reading various Trading 101's, using market simulator games (quite good fun btw) and even an attempt at a flick through the financial times. I think the problem is though there's just too much to learn at the moment so there's not a chance for the information to saturate my peasant brain.
So how then do I start learning? What to learn first?
tl;dr: I would like to savvy up on the stock market, anyone with experience or advice on how a small trader can start to learn about all this stuff?
ricko on
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I'm almost like a paraplegic flailiing around at the deep end.
I come from an art based family, where everyone is quite visually expressive and shies away from business and finance. Suppose you imagine that one bastard child that strays away from the family heritage of law to become a poet. It's like that in reverse. But as a hobby.
Jokes aside, is there a reliable source where I can pick up these basics? I feel the information is out there I just don't know where.
http://www.investopedia.com or the link at the end of my sig.
Edit-....YOU KNOW WHAT ITS GOOD ENOUGH TO HAVE TWICE, DICKS.
also http://www.investopedia.com/university/buildingblocks.asp
Am I right in thinking the bait and switch is similar to what the banks did when they gave a loan and mortgage to anyone and everyone? Using teaser rates that actually inflate after a set time, to rip the borrower off and create vast amounts of money for the lender? (Which is part of the reason we are in recession now right?) No? I'm just trying to apply this knowledge.
Also is there a basic formula for how the economy works? Like an overall mind map that could help visualise the whole process? That would be handy...i'm not holding my breath though aha.
Most of the people that got mortgages got Adjustable Rate Mortgages, or ARMs. These usually have a low introductory rate and then increase to a higher rate than a fixed. A lot of people got what they signed up for, they just didn't really know what they were signing up for.