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What Is the Purpose of the Stock Market?....5

Learn stock trading by using practice software that allows individuals to set up fake portfolios and make pretend buys and sales. Avoid jumping into the stock market without some experience with advice from a financial analyst in this free video on the stock market.

Part of the Video Series: Stock Market Tips & Facts
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tWell, there are a couple ways to go about it. First off, recognize that people have been doing that for many many years and they're really good at it. If you go up against them, they are easily going to take your money for you. So, caution to the wind is not something you want to do here. There are many practice websites though where you can set it up, fake portfolios, and practice trading, where there's no money involved. You pretend like you bought something and you pretend like you sold something, and then you go about trading it on paper and become accustomed to how the events occur. Now, maybe other things you could do to learn about techniques to make money and stock trading, would be to look up the masters. Look up perhaps some of Warren Buffett's information or Graham and Dodd or Peter Lynch. Some of the traders really were focused on two second trades or one second trades. Some of the traders have longer views of the day or two or a week or a month or longer time periods. And really you have to decide what's best for you. But remember, somebody there has been doing it a lot longer than you have. They're good at it and they're looking for rookies to come to fleece, legally. I'm Roger Groh, be careful, practice before you play. Thank you very much for spending time with me.

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