Hi, i am new here and looking for some guides for stock trading for newbies but cant seems to find any (or maybe my eyes problem? )

Can anyone teach me how to start it ? I am 20 years old now and i have tried to register the maybank online stock exchange but get rejected due to age limit of 21 years old. Any ideas from where i can start ? One of my friend recommended me to try the e-trade but it dont have the malaysia stock exchange .

I got around 5K that can start off, is it enough ?

Thanks very much, pls dont flame me if this topics exist before...... but i really can't find any previous topics that relate to newbie.

beginner on the road, normally will encounter bump and speed trap on the road.. also minor scratch and accident..

but don't worry, those that doesn't kill you, will only make u stronger

5k will be enough for you to start off with one or two counters. i wouldnt recommend you spreading out too much with just 5k. if you want diversification, just pick ETF. or you could pick a few stocks , analyze them then decide to buy or not.

For one, I would recommend reading the the stock market FAQ on Bursa Malaysia website.

This sub-forum has a link thread where a lot of information can be acquired when visting those links. Unfortunately there are no "NEWBIE TRAINING" threads in this sub-forum yet, so you have to do some work to learn as much as you can before you dive into stock markets.

Good luck and keep learning and reading as much as you can. As long as you don't expect to be spoon-fed and ask sincerely, a lot of knowledgeble forummers will gladly help. Hope you enjoy your time here.

Thanks for all the reply. Did u guys watch those HK films before, some of plots state that they will earn money when the CI is up or down. What is this kind of playing method call ?

when CI is up, i basically means that most of the share prices are up (may not neccessary means all share price are up). People get capital gains which can then sell off to make profit.

When CI is down, its possible to do short selling of stocks(sell stocks which you do not have and buy back later), it is not allowed in Bursa Malaysia.

CI is made up of selected components of stock to represent how the overall market is doing. If those share goes up, CI goes up. even if the others shares drops.

Icic..... so, how is the trading like ? Is it all done by online or need to use phone to call them up, and then place order ? What broker should i use ? Any recommendation ?

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Added on February 16, 2008, 9:25 amOh ya, there is something call the CDs account , what is that and where can i get the account ? Cause according to the bursa saham website, i can open an account through the Atm and i required a CDs account to do so.

This post has been edited by chen9wei: Feb 16 2008, 09:25 AM

Sorry to hijack your thread I'm also a dummy trying to get into stock market.. am just official 21. Hope you wouldn't mind since i see the potential in this thread being a newbie guide hehe. Does most of you use maybank online stock exchange?

TS maybe we can share some info with each other to decide what to invest in if you dont mind?

Im not sure about the minimum age requirement to open a CDS account. In Msia, you need a CDS account to trade in share market. You can always go OSK Investment Bank and ask or open the CDS account.

If you're new in share investment, can always try in virtual share market. This is quite good, CIMB itrade.

CDS min age requirement is 18 years old.

there are currently 2 ways of trading
1. call up the remiser for trading
2. online trading

on the selection of broker would depends on your convinience. opening of CDS can be done through any trading securities office(RM10).