Top Places For Stock Market Education For a Beginner

Stock market education for a beginner should begin with an understanding of where to go to for company and market research and it should constantly involve how to evaluate and monitor your stock portfolio once you have chosen stocks to invest in.

Perform Company Research to Find Valuable Companies

You can find out about a company that you’re considering investing in by looking at company profiles in your local newspaper, by going through a firm’s annual report, and via internet research. Some excellent websites for financial company research are Business Week, Wiki Invest, Market Watch, Standard and Poor’s and Yahoo Finance.

Conduct Market Research to Determine Investment Opportunities

Once you have identified companies you like, the next step is to do a thorough analysis of the stock market environment, for which you will need analytical reports such as those produced by Market Watch, Moneycentral at MSN, Reuter’s Investor Page, and Hoovers. Carrying out company and market research is just the beginning of stock market education for a beginner investor.

Find an Online Broker

If you’re willing to learn as you go and have an appetite to analyze risk accurately, then you could set up an online broker account and manage your own stock portfolio. Obviously you cut down on brokerage fees but you add time and effort on your part to carefully select and monitor your stock portfolio. Many sites offer both free and subscription based services to help you set up an online account. Investopedia and Ameritrade offer such services.

Monitor your Stock Portfolio

Stock market education for a beginner does not end with finding the right stocks to invest in. No, a savvy investor must constantly keep abreast with the latest development with his stock investment and also stay updated on the varying factors that will affect stock price. For this purpose, he needs to monitor stock tables and stock ticker tapes such as those that can be found in the local newspapers or on TV channels such as Bloomburg or CNBC.

Stock Market Investing Essentials for Beginners

Other places that can help you in your beginner education are books, brokerage sites, financial planners and government and exchange resources. Books such as Standard and Poor’s Stock Guide and How to Pick Stocks like Warren Buffet, are well-known and offer valuable information. Magazines such as Forbes, Money magazine and the Wall Street Journal are also valid reading for a knowledgeable investor.

Brokers such as Charles Schwab, Ameritrade, Scot Trade and Merill Lynch offer various services ranging from full service brokerage to online stock management. And finally stock exchanges like the NYSE, NASDAQ, S&P500, and AMEX, as well as financial planners such as The Financial Planning Association or The National Association of Personal Financial Advisors are places to visit for background and current information on the share market.

If you’re looking to understand some basic share market terminology and abbreviations and trader-speak, then look no further than Investopedia’s financial dictionary and a website called Investor Words – both offer an easy reference for starting stock market education for a beginner.

These are just some of the places to help a beginner investor get started with learning about the stock market so he can turn it into a viable financial venture.