stock market

Philippines
March 3, 2007 2:02pm CST
I am currently being influenced by a friend to try the stock market using the available online tools. How safe it is? Anyone currently into this?
2 people like this
4 responses
@im_anna (717)
• Philippines
4 Mar 07
i would prefer forex for several reasons like: you take profit on both bull & bear markets unlike stocks when you only take profit when you "buy" a stock; 24-hour market; high leverage, superior liquidity; transparency of market information; lower transaction costs than equities & futures; ability to go long or short with equal ease; so on & so forth. safety & security depends on the kind of trading tool that you use & the company you're dealing with.
@rocky777 (353)
• India
15 Mar 07
I would agree with anna, only I've only just started with forex, so I would not want to claim to be a forex expert. Forex is probably more risky than stocks, with higher volatility, higher leverage, etc. That said, yes I do invest online - seems to be pretty safe, I've been doing it for 3 years now, no problems. I would recommend ICICI at http://www.icicidirect.com
@rocky777 (353)
• India
15 Mar 07
If you would like to try out forex, I can give you a forex trading account for free with $10,000 to virtual trade and $5 to live trade. Message me after adding me as friend.
@rocky777 (353)
• India
15 Mar 07
Oops, I am sorry I did not see your location - you are in the Phillipines, ICICIdirect is only for Indians and Non Resident Indians. I don't think you can yet open an account with ICICIdirect if you are not an Indian.
• Singapore
13 Mar 07
If you are talking about fundamentals analysis of stocks, you can visit sites like http://finance.yahoo.com/ http://www.marketwatch.com/ http://moneycentral.msn.com/ For technical analysis, you can set up technical charts at : http://bigcharts.marketwatch.com http://www.prophet.net/analyze/javacharts.jsp http://stockcharts.com/ Trading requires skills, accumulation of trading & market experiences, discipline and perseverance. Don't rush into it. Yours Truly, Tony Chai experiences from a disabled trader http://options4u.blogspot.com
@cefaz_21 (2596)
• Philippines
5 Mar 07
I had been contemplating and wanting to try this also but am a bit hesistant, because don't know any thing about it like how it goes..etc.etc.what tools are available online? can you share with me also if you're into it na? thanks!
1 person likes this
@jlamela (4898)
• Philippines
25 Jun 12
Hi! My only advice to you if you really want to invest in the stock market, choose mutual funds than go directly for a broker (online or physical) because in the mutual fund, your investment in the stock market is being managed by the fund manager who is expert in that field and knows how to increase your earnings/profit while the direct stock trading especially the online type cannot be controlled and it's you who will trade which is very risky.