Getting Started in Stocks

[anarchy]

Hey guys,
I am interested in getting into the stock market and was looking for a site that simulates it and I could play around with that first.

I know it was mentioned in another thread but I can't find it for the life of me.

Also, any advice for a newbie would be greatly appreciated. I took an intro to the stock market course at Mt. Royal a few years back so I know the basics but I definitely need some dusting up.

Any sites/books etc that you could recommend would be great. And how are the online trading sites like E-Trade Canada? Which would be a good one to get started?

Thanks!

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[e36bmw///]

nm

[bball2]

Do you guys have any good links on getting started on selling / buying actual stocks? I looked at etrade canada, but their prices / trade is very high if your account isn't > 50k, or if you aren't extremely active in selling / buying.

[suranga]

Originally posted by bball2
Do you guys have any good links on getting started on selling / buying actual stocks? I looked at etrade canada, but their prices / trade is very high if your account isn't > 50k, or if you aren't extremely active in selling / buying.

www.questrade.ca

[Pacman]

Originally posted by bball2
Do you guys have any good links on getting started on selling / buying actual stocks? I looked at etrade canada, but their prices / trade is very high if your account isn't > 50k, or if you aren't extremely active in selling / buying.

www.thinkorswim.ca

[ExtraSlow]

I highly recommend that any beginning investor read a couple of books by Gordon Pape. The books aren't about stocks per-se, but they do give you a good idea about the concepts you need to build a portfolio, which really is what stocks should be a part of.
He also goes over Mutual funds pretty carefully, which is important.
Also, take a read through armchair millionaire, it has some good info.

I use Credential Direct, and so far I'm happy with it.
https://trading.credentialdirect.com

You can look at brokerage ratings at
http://www.surviscor.com/scorview/2008Winter/

Due to the pounding that most indexes have taken over the last year or so, right now is probably a good time to get into equities, funds and indices.

And for all beginning investors, I would recommend a conservative approach until you get your feet under you and understand all the investment options out there and their inherent risks.

Good luck!

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[Canmorite]

The book is a bio on Jesse Livermore, one of the greatest traders to ever live. Not fictitious at all!

Great book. It sits on my desk beside my computer.

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[Canmorite]

Ah yes.

[suranga]

Any of you experienced guys mind sharing some lessons learned over the years?

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[ekguy]

anybody have experience buying penny stocks?? like just for shits and giggles has anyone invested in those??

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