If you are serious about investing, you will want to understand the latest trends in business and the stock market. Is the market turning bullish or bearish? Which industries are in favor and which are not? What is the outlook for the economy? How do you keep abreast of the trends in investing? It might seem overwhelming at first, but there are ways you can stay informed and up to speed on what is happening on wall street.
1. Visit the stock quotes section of your browser’s front page
If you scan down to the middle of your browser’s home page you will see a brief section on investing, giving the Dow Jones Industrial Average for the day, as well as the NASDAQ and NYSE figures for the day. Usually there are two to three pertinent articles written by investing gurus about current market conditions. These articles are a good place to start learning about the current investing trends. This is something you can do fairly quickly while checking emails or getting started on a day of work.
2. Take online and classroom courses offered by your brokerage firm
Most brokerage firms will offer online courses in investing, and some firms will offer classes scheduled at their local branch offices. Scottrade, Charles Schwab, and TDAmeritrade all offer online courses. If you have never invested before and you need quick information, this is a great place to start.
3. Subscribe to one or more investing newsletters
There are many excellent stock investing newsletters to which you can subscribe, many of which are free. There are general knowledge newsletters as well as numerous newsletters on special interest subjects such as penny stocks, oil and gas stocks, energy stocks, and other topics. If you are just getting started, you’ll want to start with a more general investing newsletter, but once you have the hang of how the stock market works, you can read the more specific newsletters to get more detailed knowledge about the areas you are interested in investing.
4. Read a financial newspaper
If you seriously want to understand investment trends, you should read a financial newspaper such as the Wall Street Journal or Investor’s Business Daily. If you cannot afford to subscribe to one of them, your local library will most likely have a daily edition which you can read for free. Oftentimes, articles from these publications can also be found online. You don’t have to read them cover to cover, even reading an article here and there that interests you will help you gain further understanding of market trends.
5. Join an investment club
There are investment clubs that only offer information on investing, as well as investment clubs that actively invest the members’ small contributions to a general pool. You can find investment clubs that specialize in options, penny stocks, and other topics. Perhaps the premier investment club is AAII, the American Association for Independent Investors. If you don’t know where to start looking for an investment club, you can get online and find a list of investment clubs in your area which you can easily join. This is a great option because you can meet and talk to other people about the stock market and trading trends. Many of them may be more advanced than you and can help answer questions about the latest news on wall street.
Investing in the stock market can be a great way of growing your savings. If you have never invested before, you might be overwhelmed with all your options or have trouble understanding how it actually works. If you try some of these tips for keeping up with the latest trends, you should be trading like a pro in no time at all.