Your Questions About Paper Trading

Chris asks…

What should i use to print trading cards?

i wanted to make some trading cards, similar to Yu-Gi-Oh, but with pictures of my friends etc, just as a commererative gift of our times together. what should i print the cards on?

John answers:

I’d suggest card stock. You can pick it up at office max, it’s a thick, greeting-card like paper that easily runs through most printers. You can usually pick up small amounts of it for a couple bucks.

Something like this… Http://www.officemax.com/office-supplies/paper/colored-paper/product-ARS20908

But you can usually get lesser amounts in-store.

Linda asks…

Where did you learn how to trade in the stock market?

did you take a class? Did you learn in business school? Or did every one of you learn through
self-study and trial and error? I am amazed at how much some people know about the stock market
and trading, and I wonder where they got their start on knowledge. As for me I am watching Youtube
videos, which are a waste of time, and reading web sites, also a waste of time because both sources
just give you tid bits of info designed to direct you to their web site.

John answers:

The first distinction to make is if you want to be an investor or a trader? A trader is in and out of stocks on a daily, weekly or monthly basis. An investor is in for a longer term.

After you decide that, then the suggestion about reading a few books reviewed by Amazon reviewers is a good way. Then you’ll want to identify what kinds of strategies will work well for you and fit into your available time, how to read charts, how to manage risk and such.

Online stock trading is a terrific thing to learn and do in your spare time and continue to do into retirement. A good book is How to Make Money in Stocks by William J. O’Neil. It’s the first book I read when I started my stock trading and a very good start for stock investing or trading.

I’ve been trading for many years now and it is really fun. Definitely one of the first things to pay attention to is money management/risk. While you are learning, be careful about how much you trade so you don’t lose too much money. Another great thing to do is “paper trade” as you begin to learn strategies. That’s basically where you keep a fake portfolio of your trades. Yahoo Finance offers this service.

I also have a new educational stock trading website that is free, I don’t have anything to sell and there are no ads on the website. The “trading system” page has a good overview of what stock trading entails.

Best of luck Pat!!

Ruth asks…

What is the best way to trade stocks online?

Im talking less amount per trade, easiest to add money to account, any other bonuses you can point out. Im eighteen so ill be dealing in small stock to penny stock

John answers:

I would absolutely not trade penny stocks or any stocks under $5.00.

Rather, an introductory book like _Stock Markets for Dummies_ is a good place to start.
Investors Business Daily (IBD) is a solid daily resource (and its complement, www.investors.com ). It’s a better newspaper than the Wall Street Journal and it is built around a particular approach to trading. You could read _How to Make Money in Stocks_ by William O’Neil too–he’s the founder of IBD.

Search your local library for other books on stock investing. Try to absorb as much knowledge and understanding as you can. Eventually, you should open a brokerage account (check out TradeKing for cheap commissions) and paper trade for a while–this is practice (not real money), which you should do extensively before you put any real money at risk.

David asks…

Can someone please tell me about the prejudice and the economy during the British slave trade?

I’m writing a paper about William Wilberforce and i am suppose to address the prejudice and then the economy. And im having difficulties finding information. Thanks so much!

John answers:

Rent the movie Amazing Grace. From the moment Wilberforce introduced the anti-slavery issue, it was not a matter of prejudices he had to over come so much as an economic issue. Without the slave trade, the economy would collapse. They relied heavily on it. Rent the movie, though. It’s amazing.

Thomas asks…

What are some topics I can write my “Senior Paper” on related to finance and the stock market?

I have to write a Senior Paper for school, I really want to do something about the stock market but stuck on a specific topic. We have to do a 7-10 page paper.

John answers:

Ok..the better part of the question here is ..what do you know about what you want to write about?

Have you followed stocks n bonds/trades, etc or all new to you?

The markets are very volatile now…too many things going wrong in the world/unrest…..

The big boys in there playing can make it have really wide swings….by the amount of shares

in a company or overall that they buy or sell in a day….many investors lost their shirts when this

money crunch/credit defalut swaps/trading houses went under..

You can use Bear Stearns as a basis to write your paper on…how a really big and old trading

house crumbled due to bad paper…

How Merrill Lynch had to be rescued by the feds due to bad paper….

How Lehman Bros went under and wasnt rescued due to bad paper….

You can google any of these and read the history over the last couple years

and formulate where you want to go with it/take it from there……

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