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 Beginner on the road, I'm dummies

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TSchen9wei
post Feb 15 2008, 01:46 PM, updated 18y ago

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923 posts

Joined: Nov 2004
From: KK, Sabah --> Hk (HKU)



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.
TSchen9wei
post Feb 16 2008, 07:18 AM

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Joined: Nov 2004
From: KK, Sabah --> Hk (HKU)



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 ?
TSchen9wei
post Feb 16 2008, 09:21 AM

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From: KK, Sabah --> Hk (HKU)



QUOTE(ante5k @ Feb 16 2008, 08:16 AM)
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 ?


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

 

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