Learn 10 Great Ways to Learn Stock Trading in 2023
Beginning stock traders should have access to a variety of high-quality educational tools. It’s similar to learning to ride a bike: trial and error, combined with persistence, will eventually lead to success.
One significant advantage of stock trading is that the game lasts a lifetime. Investors have had years to hone their skills, and strategies created 20 years ago are still used today.
What exactly is stock trading?
First and foremost: Let’s define stock trading briefly. Stock trading is the purchasing and selling of publicly traded company shares. Apple (AAPL), Facebook (FB), Disney (DIS), Microsoft (MSFT), Amazon (AMZN), Google (GOOGL), and Netflix are among the most well-known stocks in the United States (NFLX).
In the stock market, there is always a seller for every buyer. When you buy 100 shares of stock, someone sells you 100 shares. Similarly, someone must buy it when you go to sell your stock.
When there are more buyers than sellers, the stock price rises (demand). If there are more sellers than customers, the price will fall (over supply).
10 excellent techniques for a novice to learn stock trading
Here are ten excellent answers to the simple question “How do I get started?” for beginners interested in learning how to trade stocks.
1. Open a brokerage account.
An online broker is required to trade stocks. Every broker has a unique offering.
For a list of recommendations, see my guide to the top online stock brokers for 2022.
Some brokers are known for their trading platforms and tools, while others are known for their excellent research, and still others give a straightforward, user-friendly experience. Do some research to determine which is best for you.
2. Read books.
Books contain a wealth of information and are inexpensive compared to the prices of workshops, conferences, and educational DVDs available on the internet. Check out my list of 20 outstanding stock trading books to get started. How to Make Money in Stocks by William O’Neil (more on him below), the founder of CANSLIM trading, is one of my favorite books.
3. Go through articles
Articles are an excellent educational resource. With competitors such as Investopedia, educational websites have flourished in recent years. I also highly recommend reading billionaire Howard Marks’ (Oaktree Capital) memos, which are fantastic. Searching on Google is also an excellent approach to uncovering instructive things to read.
