Hi everyone,
I am very interessted to get into stocks. Any tips you could give me? Is there like a newb start guide. Do you guys use any specific program or service to trade stocks? which is the easiest to use for somebody who does not have a lot of time to check? A service that could send you alerts is very helpfull.
Also do you guys give each other tips which stock to buy or is it just that everybody just trades on their own.
very eager to get into it to be honest.
Don't invest money you can't afford to lose and don't invest in risky stuff. At least that's what I do. No unknown small companies, no stuff with low volumes. Just normal companies like oil, cars, consumer products, finance, etc. I also stay clear of tech myself, but mostly because we have little of those in Europe. And I don't do companies that are not profitable. Might not make the big money this way, but whatever, I sleep better at night.
Also be a little patient. Multiple times already I set a certain target goal for myself, only to give in and have it reached a few days later. For example, had a sell order at a certain amount, caved yesterday and took a small profit, only to see it rise to my previous target this morning. Missed out on about 2% profit there.
As for services, I don't know the brokers in your country, but just look around and check the costs. Over here they vary a lot. Some charge a minimum of € 10 per transaction, one I'm at now only charges € 4 for example. Adds up if you do a few trades a week sometimes.
Don't know if there are any services that sent out alerts and such. Just watch the news wire on the stocks you follow and see that nothing sticks out in the negative. There are sites out there claiming to give the best stock tips and sell subscriptions, but that mostly seems like scams to me, so I'd stay clear.
Topic here is a little quiet, so not much tips and such going on sadly.
I'd just start with a small amount for a few months and slowly rise it with the amounts your comfortable with. Don't fall for hypes, don't panic and invest in solid companies you believe in. That's what I did when I started last year.