<p>Okay, i'm clueless, I wanted to take up a hobby (i'm talking about a small amount of money here) and "play" with the stock market, I think it would be fun picking stocks and seeing how they do. Could anyone give me some starter tips, like where I can read up and pick up some strategies? The only tip i've gotten so far was to invest in corn because gas is going to start using corn at pumps, and that was from my english teacher.</p>
<p>How how are you?</p>
<p>Do you invest online?</p>
<p>I was interested in using Forex.</p>
<p>I saw an ad for Forex on TV today, that's a coincidence, although I didn't really understand it. I'm 18 and i've never invested in my life, although my parents have a broker.</p>
<p>Best idea would be to buy a few stock market for beginners books.</p>
<p>I'm think I'm going to invest on Forex. You only need a minimum of around $200, I think. Maybe $250.</p>
<p>I think corn is a good idea. :) I want to do that, the Canadian dollar, or the Euro.</p>
<p>Buy low.</p>
<p>Sell high.</p>
<p>Uhhh....dude I think you are talking about commodities not stocks.</p>
<p>Such as:</p>
<p>Corn </p>
<p>Natural gas</p>
<p>Pork bellies</p>
<p>etc.</p>
<p>Stocks:</p>
<p>Viacom </p>
<p>JP morgan </p>
<p>Target</p>
<p>Berkshire hathaway</p>
<p>but whatever.......</p>
<p>I used to play around with my dad.</p>
<p>Ummmm.....my dad had us read a thick dictionary type by Barrons! It's complex but it's pretty good. I didn't read all of it! :p I made it seem like I did though. :p</p>
<p>Okay, I didn't know, i'm just going to go buy a book.</p>
<p>No it's cool dude. ;) </p>
<p>When my dad had us start out I didn't no jack.</p>
<p><a href="http://www.investopedia.com%5B/url%5D">www.investopedia.com</a>, play around there for a while, read their articles, and then invest real money. Don't invest real money without the knowledge of the equity market.</p>
<p>your odds of beating the market are slim to none...</p>
<p>invest in a diversified set of companies...</p>
<p>or if you want to go play around and go a little more aggressive/risky... check out the international markets right now...greater chances of a much higher return...(meaning 30-40% if you hit the right companies and/or funds)</p>
<p>Invest in the pinks ;)</p>
<p>haha I'm stupid.</p>
<p>My grandfather made a few million in the stock market investing in Nortel, but then he lost a lot. Back then, Nortel stocks were hundreds of dollars, now they're like $3. lol.</p>
<p>Well then I think I'm going to invest in commodities. lol Any tips would be appreciated.</p>
<p>CAD and EUR are FX rates (I am guessing you mean USDCAD or EURUSD). </p>
<p>To the OP> I suggest you read about edges and know that 90% of market participants fail. If you have played any competitive games (poker, blackjack, chess, checkers etc) you will understand the meaning of edges and their importance.</p>
<p>Jonathan K., please don't invest in the FOREX market. The fact that you feel the FOREX is a commodities market scares me.</p>
<p>Its a currency market if I am not mistaken.</p>
<p>Yeah, it is.</p>
<p>FX=foreign exchange. You can trade FX in various methods: FX spot (most versatile with many crosses etc), swaps, futures (USD based traded on the IMM). </p>
<p>Spot and swap are not a centralized market. Futures are traded on the IMM market. Currencies as a whole do not have a centralized method for trading it. A massive percentage of all FX risks are traded on the spot and swap markets. Futures are a very small component.</p>
<p>Don't trade period unless you understand the concept of an edge, have a sound methodology, and proper capitalization to execute that methodology. Otherwise you will be part of the 90% losing in the market. (FX is more risky as it gives beginners a lot of leverage...beginners+leverage=blow ups).</p>