Stocks and Forex Day Trading , Buy/Sell

a beginner’s guide to day trading online

I want to start trading stocks this year, something that will give me a little extra money every month.?

I have absolutely NO experience whatsoever–very green at this! What are the steps I have to take? What broker is best to use or do you suggest that I do it myself? How do I add money to my account, analyze stock, see how it’s done in person? I think I would benefit by seeing it done by someone! Currently, I would like to earn about $500 to $1,000 a month extra from it but, eventually, I would like to do it as my sole income. I am currently reading,”Teach Yourself Investing in 24 Hours” by Ken Little and will read “A Beginner’s Guide to Day Trading Online” next. I would like to take some courses at the community college level but not earn a degree at it. Do you think I am doing the right thing and how might I improve in this process?

Day trading is very risky and very expensive. I recommend having your money managed by an advisor you can trust at a reputable firm (Merrill, Smith Barney, etc.) or even a local advisory firm. You will pay extra for it, but it saves you a great deal of time and worry.

If you have time to do it yourself, stick to highly rated mutual funds and ETFs. The key is to be diversified by owning large companies, small companies, bonds, international, etc. in all different industries. This allows you to be a long term investor and ride out short term volatility. Mutual funds and ETFs are the best way to accomplish this.