Im 18 years old and would like advice on how the stock market works and how i could get started?

I would like to know is this a good investment and can i make lots of money off of itIm 18 years old and would like advice on how the stock market works and how i could get started?
Learn the basics before you get rich.





http://www.aarp.org/money/financial_plan…





http://biz.yahoo.com/edu/ed_begin.html





http://beginnersinvest.about.com/od/inve…





http://www.fool.com/school/basics/basics…Im 18 years old and would like advice on how the stock market works and how i could get started?
The stock market works by allowing companies that need to raise money to issue more shares (';secondary offerings';).





You should start out by going to a discount broker like Schwab or Vanguard, telling the Broker you want to open a Roth IRA (which will allow the money you make to grow tax free and come out tax free), and investing your Roth IRA in an ETF that tracks the S%26amp;P 500 (such as ticker ';IVV';).





If you have other questions, you should e-mail me directly!
you must go to bank and put in it a money which you will transfer it to any company you want in
Before any one jumps in and tries to buy stock, they must first decide if they are going to be a trader or an investor. (A trader is very short term holder of a stock – 1 minute to 3 months, an investor is a 6 months and beyond holder). Decide on how much capital you have available for investing/trading and how much of that are in going to spend. (You should never spend 100% of you investing/trading capital on a particular stock. Decide what industry in want. Look for good trades/investments in that industry and move with caution.


If you want to trade, NEVER NEVER, go into a trade without knowing where (or when) you are getting out of it. If you’re an investor, look for good company fundamental.





Start your life in the investment world by educating yourself. The first investment you should make is in yourself and the best investment you can make is in education.





Start your investing/trading education by learning why you should invest, and the importance of being able to make your own decisions. See how the pros have done it. Start by reading, What Works on Wall Street by James O'Shaunessey, Beating the Street and One Up on Wall Street both by Peter Lynch, The Warren Buffett Way by Robert Hagstrom, Trading For A Living by Alexander Elder – “How to Make Money in Stocks” by William O’Neil and The Disciplined Trader by Mark Douglas.





Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. While at MSN read the Commentaries by Jim Jubak, Jon Markman, Harry Domash, and Liz Pullman Weston. Following the strategy lab analysts to get a feel for what the pro’s are doing and why. This site has some basic information for beginners. If any site offers free information, take it.


Other website that can provide instructions and help with procedures and terminology are Investopedia.com, Stock Charts.com, and 1source4stocks.com


Visit some of the more professional websites like Zacks.com, Smart Money, Schaeffers.com, Trading Trend, Trading Markets, these website will have advertisers who are worth looking into also. And remember, if they offer free information, get it.





Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (NASD SEC MSRB CBOE) may provide some free literature.





What do you need to go into the market?


1 - A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself.


2 - Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you trade/invest.


3 - A written money management program in place. Remember never invest 100% of your capital into any one security.





You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest. Good luck on your journey