Total beginner looking for advice

Discussion in 'Professional Trading' started by stfarm, Oct 30, 2006.

  1. stfarm


    Hi all,

    I am sorry if this has been answered already, please don't shoot me right away...
    I am so tired of my day job, and I would like to try something new.
    I do not have a larger capital to invest, so I have a few questions.

    1.) How much do I need to start investing?
    2.) I have a ShareBuilder account, is that a good place to start?
    3.) What software is good to monitor the market?
    4.) And finally, how do I get info in what stocks to invest.

    I hope you find it in your heart to help a total beginner.
    I be happy to trade info for work. (I am a programmer)

  2. Steve, welcome to ET. Given that you're a programmer, managed to complete the membership form, and posted questions here - the best advice for you at this time is to use the Search function found in the upper right of your screen. Elitetrader is full of opinions and facts about every one of your questions that you posted and many more that will come to mind.

    Good luck.
  3. jho


  4. If you have at least 500, you can open an account with scottrade, and with that, you'll be able to watch the market in real time (streaming). I use them too, however have much more than 500 :) . Most software is provided by the broker, but you can get screening tools, news, and other specialized packages from different vendors.

  5. You used the word invest twice. I am not sure if that was your intention. You do realize this forum is entitled EliteTrader not EliteInvestor.
  6. Drew07


    Sharebuilder sucks, if you want to open a Scottrade account send me an email and I'll be able to get you 3 free trades when you open an acct. Good Luck.
  7. Drew07


    oh and welcome to ET, you're going to come across a lot of dicks here like TicketWatcher but don't let them bother you. I think you have to have a good understanding of how long term investing works before you start short term trading....just my opinion.
  8. What ticketwatcher wrote was actually pretty tame.

    But you're right, there are a lot of ***holes who post on here, but I don't think TW is one of 'em.

  9. rcj


    Steve ... This is very good advice from jho. Yahoo finance is a decent free source of information on current makets as well as
    some educational material. Exchanges have websites which offer education on trading/investing. For example, etc.

    best of luck to ya.

    ... rj

  10. Welcome to ET! I have answered the questions above.
    #10     Oct 31, 2006