advice on trading on the stock market

[mschef]

l wish to start trading on the stock market,but l am a total novice to this,could anyone give me some advice or good websites to look at

[Oneeyedvic]

I want to say buy low sell high..... but I won't ;-) Very simply the way I started (but I am no longer a player) is to read the papers, look at the main shares and see how there is a pattern between trading figures / news /legislation etc and share prices.Start by concentrating n one comany eg Marks & Spencers is a good example at the moment. Then when you think you can see patterns emerging, start buying them BUT ONLY ON PAPER. after a period of time (6 months minimum) see what you have made on buying and selling. I made a lot of money but no longer play. My brother also made a lot more than me - even went into a garage and purchased a �30k sports car for cash) but he also lost it all. Ended up losing his house and living in a caravan. You can make a lot of money / you can lose a lot of money. If you want safety, put the money into a stocks and shares ISA or similar. DO NOT RUSH if you are going to start trading.

[sharp1]

Very wise advice oneeyedvic. look for trends and after you do have an idea you can start trading. You can now trade online by setting up an account with a broking firm (Hoodlessbrennan.com charges are the cheapest) this is called execution only...meaning you cannot ask or recieve any advice on the stocks your trading. Or you can entrust your money into a broker and let him/her build a portfolio for you, they will charge commision though and theres no guarantee that you will make money. goodluck

[rekstout]

The Motley Fool used to provide a great deal of info for the private investor

http://www.fool.co.uk/

[Oneeyedvic]

Forgot one more thing: DON'T take any advise or insider trading - do this yourself and you only have yourself to blame - as I said before this is a high risk venture. If you want low risk I really suggest using a bank.

[el duerino]

yeah expect to lose money to start with. eventually I hope to trade full time self employed. Do you have a time frame? A bundle of money you can afford to lose? targets, stops etc etc www.trade2win.co.uk is also useful