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Thread: Interested in the shares market. Where to start?

  1. #1

    Default Interested in the shares market. Where to start?

    With all those big ups and downs recently, it's getting interesting.

    so where do i start reading and learning how to trade, especially in our local SGX board?

    thanks in advance!

  2. #2

    Default Re: Interested in the shares market. Where to start?

    i also learning leh. and also how to buy foreign share for example Nintendo?

  3. #3

    Default Re: Interested in the shares market. Where to start?

    Lose some money first and considered that learning fees then you will know what to buy and avoid Learning from mistake is the best advice

  4. #4

    Default Re: Interested in the shares market. Where to start?

    Quote Originally Posted by Sniper ShutterBug View Post
    Lose some money first and considered that learning fees then you will know what to buy and avoid Learning from mistake is the best advice
    but how do you even start trading?

    erm, specifically, like how to open a trading account? where and how to trade?

    sorry and pardon me from asking these lame questions thou..

  5. #5

    Default Re: Interested in the shares market. Where to start?

    There are alot of online trading for you to trade.
    Philips Securities POEMS, UOBKayhian, Kim Eng, DBS Vickers....etc.
    (Google it.)

    Just go any of the online website..and download the form...mail to them.
    You will receive your cdp acct, password. and you can start trading online.


    For online trading, there is a trading limit imposed by your broker.
    You can request to "upgrade" the limit.

    If you are daring and rich enuff, you can open a CFD account too.



    In Stock trading...basically there are 2 schools of investors.
    TA (technical analysis)
    and FA (Fundamental analysis).

    Some combined these 2 to do their investing.


    Before you do any HUGE investing...take a small sum of your money to invest to get the
    "experience"......eg you have 20k savings.....take about 5k....to invest.

    Reason is....most of them have begineer luck....will strike "lottery" within the first few buys.
    but subsequently will lose...when they fails to do homework or understand market trading.

    This experience is valuable....and you won't lose up your savings.
    Once you accumulate more experience and knowledge on stock trading...you can always
    "invest" more.

    Rule of thumb: Don't invest more than 50% of savings and always have a safety margin in investing.

    G'luck.



  6. #6

    Default Re: Interested in the shares market. Where to start?

    Read read read. Investopedia.com is a great start. You do not want to go in without knowing anything. Learn how to read the graphs and candlesticks. There are a few discount online brokerage sites i.e scottstrade or ameritrade.

  7. #7
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    Default Re: Interested in the shares market. Where to start?

    Quote Originally Posted by Stratix View Post
    With all those big ups and downs recently, it's getting interesting.

    so where do i start reading and learning how to trade, especially in our local SGX board?

    thanks in advance!
    first of all u need to set up an CDP account with SGX located near Lau Pa Sat.

    next, u may take a trip down to Raffles Place to uob or ocbc bank.

    these are the two online trading brokerages i trade with

    www.uobkayhian.com

    www.iocbc.com

    so far, none has gave me any problems.

    as a start, i advise u to to wait for correction to come first.
    Last edited by raincool2005; 7th October 2007 at 10:25 PM.

  8. #8

    Default Re: Interested in the shares market. Where to start?

    For a start, you'll have to tell us if you are investing or speculating.

  9. #9

    Default Re: Interested in the shares market. Where to start?

    This may sound lame,meaningless etc etc but this is how it worked for me

    Make sure you are ready to throw about 10k down the drain...do not be suicidal if you lose money.

    Next, get stocks you are familair with i.e you've heard of it. like F&N, Ascott Reit, Wing Tai, wheelock,SGX etc the more common names (just a few to name...much more in the market) .... Next try diversifying, getting about 3-5 stocks, one lot each. get those within $3 per share. Though less volatile, works well with ammatuers... In the current Bull market, the prices would most probably do very well.
    Not to boast, but my portfolio thus far seems satisfactory to me.
    Wheelock,Wingtai,Comfort Delcro have at elast doubled
    SGX has five folded.
    So has SPC, digiland etc etc.

    After you have been familiar with the market, go for more volatile Penny stocks i.e within a few cents........ <-- Do this only if you have the time. The volatility is like a roller coaster ride >.< but you'd earn much more.


    My take so far,
    Very Short term investing : Banks/ penny stocks
    short term ( weeks -months):$3-#7
    long term ( years): $1-$3

    *Buy into construction stocks...its currently doing crazily well (Its industry is booming)
    *Set rules. Say" i buy at 1 dollars, will sell at 2 dollars... and when it hits 2, Sell it." dont wait for 2.10, 2.20,2.30..cause you would never stop waiting....until economy crashes...then uh-oh.

    Reading so far, you may find it quite unbelieving, "how can a 15 year old make money -.-" ". Please disregard that thought.... with the market at this stage, its highly possible you'd do very well too!All the best my friend.

    my 2c

  10. #10

    Default Re: Interested in the shares market. Where to start?

    Quote Originally Posted by raincool2005 View Post
    as a start, i advise u to to wait for correction to come first.
    Almost every year have one correction leh.
    Either minor or major.

    but none of us hoping for a market crash.


  11. #11
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    Default Re: Interested in the shares market. Where to start?

    Quote Originally Posted by Deceased View Post
    Almost every year have one correction leh.
    Either minor or major.

    but none of us hoping for a market crash.

    there is one more coming, medium size, not a rout.


  12. #12

    Default Re: Interested in the shares market. Where to start?

    When everybody get's onboard the stock market, then it's time to leave.

  13. #13
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    Default Re: Interested in the shares market. Where to start?

    Quote Originally Posted by Parchiao View Post
    When everybody get's onboard the stock market, then it's time to leave.
    yes, it is an accurate indicator.


  14. #14

    Default Re: Interested in the shares market. Where to start?

    Ohhh forget to recommend TS some books to read.


    For a start, you may wish to borrow/buy this book...

    The Intelligent Investor http://www.amazon.com/Intelligent-In...1776363&sr=1-2
    and
    Technical Analysis of the Finanicial Markets http://www.amazon.com/Technical-Anal...1776263&sr=1-1


    The intelligent investor talks about fundamentals analysis of investing...and basically how one should buy stocks within the margin safety.

    while

    The technical analysis of the finanicial markets teaches you the stock chart reading...how to buy in during the "best" timing and sell at the "right timing. And also to recognise what kind stock charts to avoid buying...

    As for where to read and downloard the daily charts...you can always download FREE from chart nexus. http://www.chartnexus.com/

    Guess you will pretty excited to trade.


  15. #15

    Default Re: Interested in the shares market. Where to start?

    Quote Originally Posted by Parchiao View Post
    When everybody get's onboard the stock market, then it's time to leave.
    Just wondering...do you sell away your good dividends stocks?


  16. #16

    Default Re: Interested in the shares market. Where to start?

    That depends on your portfolio strategy, how you view your portfolio in relation to other investment opportunities, time span, risk appetite and view of the financial markets and view of the economy.

  17. #17
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    Default Re: Interested in the shares market. Where to start?

    I'd not mind comments on my blog.

    Just a place for me to put down some analysis and thoughts.

    Open to comments, definitely.

    www.bear-analysis.blogspot.com

    Thanks!
    I'm trading myself now anyway and definitely not a pro.

  18. #18
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    Default Re: Interested in the shares market. Where to start?

    we are in the correction.. it's not over yet.
    Quote Originally Posted by raincool2005 View Post
    first of all u need to set up an CDP account with SGX located near Lau Pa Sat.

    next, u may take a trip down to Raffles Place to uob or ocbc bank.

    these are the two online trading brokerages i trade with

    www.uobkayhian.com

    www.iocbc.com

    so far, none has gave me any problems.

    as a start, i advise u to to wait for correction to come first.
    “How fortunate for leaders that men do not think.” - Adolf Hitler

  19. #19

    Default Re: Interested in the shares market. Where to start?

    thanks all! you guys had been a great help.

    it's loads of reading now thou. =)

  20. #20

    Default Re: Interested in the shares market. Where to start?

    Quote Originally Posted by seanlim View Post
    *Set rules. Say" i buy at 1 dollars, will sell at 2 dollars... and when it hits 2, Sell it." dont wait for 2.10, 2.20,2.30..cause you would never stop waiting....until economy crashes...then uh-oh.
    Haha that's what happened to me. I planned to short AAPL once it hits 145, but I got greedy and decided to go for 160. Sub prime happened, prices went down, sold all off at 127.

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