How to trade shares

[costargh]

Who has shares? What's the best way to buy/sell them. I've been doing some investigating and I probably should have started this thread prior to my actions but I made an application to Commsec to use them as my broker (I think thats what they do) lol.

There was also this thing about them being my 'sponser' whereby all my shares are kept in this Commsec portfolio rather than 'being scattered at individual companys', if i was to say have shares in 5 differnt companies.

Does anyone know how this whole thing works?

[excal]

Who has shares? What's the best way to buy/sell them. I've been doing some investigating and I probably should have started this thread prior to my actions but I made an application to Commsec to use them as my broker (I think thats what they do) lol.

There was also this thing about them being my 'sponser' whereby all my shares are kept in this Commsec portfolio rather than 'being scattered at individual companys', if i was to say have shares in 5 differnt companies.

Does anyone know how this whole thing works?

Basically, sounds like they'll manage your portfolio for a percentage fee.

[costargh]

I really coodnt be bothered readin thru all the shit they had. I'm allowing them to rip me off.

[bturville]

I really coodnt be bothered readin thru all the shit they had. I'm allowing them to rip me off.

Sounds like a good plan, especially with the markets they way they are.

You are destined for success

[costargh]

nah i read the brokerage fees and stuff and they seem pretty reasonable. I just dont know what all the hidden fees and shit are. too confusing.

[Velox]

There was also this thing about them being my 'sponser' whereby all my shares are kept in this Commsec portfolio rather than 'being scattered at individual companys', if i was to say have shares in 5 differnt companies.

If I'm reading your post correctly, the 'sponser' thing is refering to CHESS. CHESS (or Clearing House Electronic Subregister System) basically consolidates your holdings under one HIN. You can read more about it http://www.asx.com.au/products/shares/how/chess_faq.htm

Who has shares? What's the best way to buy/sell them. I've been doing some investigating and I probably should have started this thread prior to my actions but I made an application to Commsec to use them as my broker (I think thats what they do) lol.

Unless you have a large sum of money, or are willing to negatively gear (the ideal scenario), then you won't be 'buy/sell(ing)' unless you want to destroy your capital. On Comsec, brokerage is $30 a trade, so thats $60 for buy and sell - which is 12% on a lot of $500.
Comsec is a respectable broker, and if I was going to use an online broker, it would definitely be Comsec or E*Trade

Before putting any money into the market, I would have a read of anything investment related you can get your hands on. I would also have a look at some different markets. From your post (I may be totally wrong here) you seem to want to 'day trade'. If thats the case, I would check out the Forex market. Forex brokers don't charge brokerage (in the traditional sense), but rather have a 'spread', and all offer leverage, some upto x200. Oanda is a respected online broker, and also has 5sec charts, which means you can scalp without having large capital.
Some forums to check out are
http://www.aussiestockforums.com (Shares and Forex)
http://forums.babypips.com/ (Forex)

[AppleXY]

There was also this thing about them being my 'sponser' whereby all my shares are kept in this Commsec portfolio rather than 'being scattered at individual companys', if i was to say have shares in 5 differnt companies.

If I'm reading your post correctly, the 'sponser' thing is refering to CHESS. CHESS (or Clearing House Electronic Subregister System) basically consolidates your holdings under one HIN. You can read more about it http://www.asx.com.au/products/shares/how/chess_faq.htm

Who has shares? What's the best way to buy/sell them. I've been doing some investigating and I probably should have started this thread prior to my actions but I made an application to Commsec to use them as my broker (I think thats what they do) lol.

Unless you have a large sum of money, or are willing to negatively gear (the ideal scenario), then you won't be 'buy/sell(ing)' unless you want to destroy your capital. On Comsec, brokerage is $30 a trade, so thats $60 for buy and sell - which is 12% on a lot of $500.
Comsec is a respectable broker, and if I was going to use an online broker, it would definitely be Comsec or E*Trade

Before putting any money into the market, I would have a read of anything investment related you can get your hands on. I would also have a look at some different markets. From your post (I may be totally wrong here) you seem to want to 'day trade'. If thats the case, I would check out the Forex market. Forex brokers don't charge brokerage (in the traditional sense), but rather have a 'spread', and all offer leverage, some upto x200. Oanda is a respected online broker, and also has 5sec charts, which means you can scalp without having large capital.
Some forums to check out are
http://www.aussiestockforums.com (Shares and Forex)
http://forums.babypips.com/ (Forex)

Excellent explanation <3

I'll add: www.moneymakergroup.com. Go down to Forex/Shares [others are scams lol don't even look at hyips lol]

[bubble sunglasses]

   Is it rare/difficult to be successful in the stockmarket without having studied Economics?

[Collin Li]

   Is it rare/difficult to be successful in the stockmarket without having studied Economics?

I heard from someone (forgot who) that understanding the fundamentals of macroeconomics is far more important (than the finance subjects you study in university) for predicting what will happen in the stockmarket.

[Velox]

   Is it rare/difficult to be successful in the stockmarket without having studied Economics?

Not at all. In regards to trading, a understanding of economics will help, but you can do just as well learning to read the indicators, rather then understanding the underlining principles.
With investing, a understanding of economic theory will definitely help you make decisions. Having said that, you don't need a phd from the London School of Economics, just a grasp of what makes the markets 'tick'.
Example;

• Australia's four pillar policy (unlikely to be relaxed any time soon)
• How banks create profit (always going to be profitable)
• Function they play in finance/society (unlikely to disappear)

and more technical indicators

• Low P/E ratio
• Good dividend yield
• Corporate governance

Tell me that at the moment CBA/NAB/ANZ/WBC are fantastic buys.

[RD]

I've always wanted to trade shares myself.. *goes through all the links*

[xox.happy1.xox]

When I'm 18, my parents are going to so buy me some shares.

[bubble sunglasses]

   If I acquire the expertise and money, I wouldn't mind investing in restaurants. I'm interested in the sociological side of it.