Investing or trading the stock markets never start from asking how to buy a certain stock (lets not even get into why you want to buy mining stocks in the first place because you won't be able to answer why either.)... it starts from adequate investment and trading knowledge. There are quite a number of things you need to learn before you can even start thinking of the stock markets ...
1. You need to understand how the stock market works and what it is exactly about.
2. You need to know what are the different styles of trading in stocks and shares.
3. You need to read about why so many people lose their shirts in the stock markets so that you can avoid their mistakes and also decide if this is a risk you want to take.
For all these issues and more, you can read about them from some of the articles that I wrote at http://www.mastersoequity.com/articles.h鈥?/a>
After you are adequately armed with the basic concepts and ideas, you need to know how to find profitable stocks to trade or invest in. You can do that the easy way by subscribing to stock pick services (example http://www.stockpickmaster.com ) or you can learn to use charting tools and softwares to find stocks with parameters that you can pre-define. (example http://www.worden.com )
All in all, investment and trading is a lifelong education and non stop learning. No one is ever done learning and catching up with changes in the markets.
If you care to read about how I went from completely broke to retired millionaire trading stocks and options by 28 years old, you can go to http://www.mastersoequity.com/
Remember, the slogan ';Just Do It';, Just won't do for the stock markets. If profiting in the stock markets is as simple as buying a single stock , then why are so many people still poor?
After you have all the above mentioned knowledge, you need to ask the following golden questions before you can decide whether a stock is worth buying or not :
1. Why are you of the opinion that this stock will rise?
2. Is your opinion valid in the first place?
3. When are you expecting it to rise? Can you hold on for that period of time or longer?
4. What is your expected entry price? After what price would your expected profit margin be too thin to enter upon?
5. Where is your expected stop loss point? What is your stop loss point based on? Where will you tell yourself that it is time to take a loss and get out?
6. Where is your expected profit taking point? What is your profit taking point based on?
7. Does the way you are buying the stock allow you to hold on until your expected profit taking point?
8. How much of your money should you dedicate to this one trade?
9. What is the level of primary, secondary and idiosyncratic risk you are undertaking when deciding how much of your fund to use?
10. What is your cashflow need? Does your cashflow needs allow you to hold the full lifetime of the stock?
After you are able to answer all these questions confidently, THEN you are ready to... PAPER TRADE your stock strategy. Yes, even at this point, you are NOT READY to trade for real. You should trade on PAPER for at least 6 months and become consistently successful BEFORE you take your stock strategy into real life.
Then.. you are ready to start... but there is still no guarantee of success as paper trading is very different from real trading. You will need another maybe 1 year or 2 trading very little money and be consistently successful BEFORE you are ready to increase your stakes.
So, as you can see, success in the stock markets is not easy at all the the less knowledge you have, the more risk you undertake. I lost hundreds of thousands in the stock markets before I become successful.
Take heed and good luck.
http://www.mastersoequity.comI would like to invest in some shares in mining (uranium). Can anyone advise me what would be the best to do?
BHP Billiton is an excellent way to invest in Uranium. The company's uranium mines, in Australia, sits right next to the fastest growing economies in the world, China and India. And the company also produces many other raw materials to feed these economies.
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I would like to invest in some shares in mining (uranium). Can anyone advise me what would be the best to do?
Talk to a broker...how much are you planning on investing?
For uranium, Cameco is the best investment, symbol CCJ. If you are looking for other mining investments, here is a portfolio that is all mining stocks:
http://www.top10traders.com/ViewPortfoli鈥?/a>
This portfolio is from http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in ';play'; money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.
Here are this month's best traders:
http://www.top10traders.com/Top10Standin鈥?/a>
Good luck!
i see you have money to waste.
you'd enjoy LasVegas much more and a better Return On Investment (ROI). little guys always lose, sort of like gold mines.
better ROI would be a book store.
Buying uranium stocks or uranium mining stocks is not really ';investing';, it's more like gambling. There's nothing wrong with that, but you should understand that you are gambling.
There is very little information or even liquidity in many of these stocks, they are mostly played with by insiders.
If you want a piece of nuclear energy, why not invest in a company like Dominion Resources? (D)... They have a number of nuclear power facilities, make good profits, pay a good dividend, and have grown steadily over time:
http://finance.yahoo.com/q/bc?s=D%26amp;t=my%26amp;l鈥?/a>
Good luck!
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