I want to learn how to play the stock market exchange...

Davao, Philippines
January 27, 2012 2:53pm CST
I know some MyLot users know how to play the stock exchange game. I know only just a tiny bit about it but because I really want to learn more about it, I search the web for some tutorials...to no success...yet. I have found games but most functions still confuses me. Most sites I went up to are so complex only people in their caliber can interact with them. Well I'm still stupid...for now... Can someone give me the rules of this game in a KISS(Keep It Simple Stupid) manner? Thanks in advance!
4 responses
@deodavid (4150)
• Philippines
28 Jan 12
Hi there sinful rose, Hope your doin great today. I feel the same way as you do since I also wanna produce money in the stocks industry moving your money around selling your stock in it's prime I like that but money is still an issue and also I am a slow learner but i hope that i can understand it someday, if only I have the patience.
• Davao, Philippines
28 Jan 12
Determination and Motivation is our greatest weapons to fight off those that gets in our way, called problems, in our life. Speed in learning is not a problem as long as you feel and is VERY interested in doing what you're doing. Try to question your self. These might help: 1. Why do you wish to learn investing? 2. Do you feel strongly to your answer in #1? If not, it's better to think of other reasons why... 3. You have your reasons, now, choose: Do you want to learn investing or not? If you do, use your time today to learn something new about it. (Ask this to yourself everyday) Hope this helps...Happy MyLotting!
@Lunar01 (153)
• United States
27 Jan 12
The things you need to learn about stock is HUGE! Personally I don't play the game because I buy real stocks. From my experience of (some) gains and (many) losses, I can tell you a bit about it. If you want to learn info on stock market in general, I suggest checking out Investopedia. It's a really good site with useful information you can learn. If you are comfortable taking the time to learn about individual companies then you should read the annual report of that company, they are usually available online. From what I'm reading you are not very experienced with the stock market yet so I highly recommend you to just buy stocks from company you use everyday. Examples come to mind is Coke, Pepsi, Apple, Microsoft, Walmart, etc. This is to make sure you understand what they do. The biggest thing about buying stock of a company is that you need to know what business they are in. If you want to buy real stocks, hold your horses. I wouldn't even recommend you buy anything with real money yet. If you REALLY want to keep it simple. Buy an Index Fund, that's as simple as it gets.
• Davao, Philippines
28 Jan 12
Thank you very much for introducing to me Investopedia. This is just what I need! Don't worry, I am a gamer, not a loser who wants money desperately that I will suddenly rush into real stocks without knowing every rule that guides the game. This is my reason why I asked for assistance. Have a nice day and Happy MyLotting!
@nykel88 (1003)
• Philippines
20 Oct
I have been trading for a year now and I've learned that there are two ways on how you would analyse the stock market which is Technical or Fundamental Analysis. There not many free sites that would share their lessons and they usually have a subscription fee. If you are trading with our PSE you may want to invest on books to read. I bought "The Trading Code" by Jason Cam which covers more in technical analysis. It was mentally challenging at first because I was not use to look at chart patterns in a particular stock and with youtube's help all the stock terms and strategy just went in a breeze.I then applied it onto my portfolio and was please with the results.
@sheliaj (39)
• United States
28 Jan 12
good discussion, i think investing is good for the future, i as well have some interest but for now it is good to do alot of research as said. i am not really a gamer so i really don't have any advise on that, sorry, i wish i did. was just thinking about the investing part.