I'm still in college and study cs. I'd like to get into the stock market. I have no idea how to go on about this. What would be the best way to get on about this? Atm I got literally 5euros in my pocket.
A fwb of mine told me that her father does this and makes sick money on the side, like buying stocks for 1cent and selling them for 5euros (she babbled sth about speculation or sth).
Now I know there are sites that show you the trend of buisinesses on the stock market.
Good taste in some of those books on the shelf there. A few good films too.
If you study CS, i suggest studying mathematics too. Technical Analysis is the best side to this.
Read and study first. Every battle is won before it has even begun. You should look into pattern analysis.
Economics, Finance, Mathematical Statistics, calculus and linear algebra as well as a bit of geometry should be the fields you study most.
Consider going the value investing (Warren Buffett before he got rich enough to write the rules) route before getting technical. It reminds you that stocks are companies whose major stock moves are caused by real life stuff. You can use these ideas to apply comp sci stuff, like machine learning (you see a lot of people finding correlation between news items and movements, but you can do lots of other stuff).
This is all in contrast with Joe Hollywoods who think they can develop trading algorithms that work in small time scales (trying to predict movements caused by weird, time variant human behaviour) that can compete with teams of PhDs programming supercomputers in floor 13 of 200 West Street.
I do agree with the anon above that maths helps, but maths helps everything.
Do not follow this anon's advice.
Technical Analysis is autistic tier stock market analysis. The only useful things from TA are the 200 and 50 day moving averages. All the rest of TA is astrology-tier "science"
IN regards to this stuff, writing algos to trade on news etc, it worked in 2011, but now the whole market is full of algo's and no one can make any money doing this anymore.
That is, unless you're a computer guy helping the institutions colocate and HFT. Then you get very wealthy.
>writing algos to trade on news etc, it worked in 2011
Yeah, I wouldn't do it myself. I was saying to get OP into the ballpark of what's possible. I think there is room for creative people doing creative things though, even if it's a home brew job. That's what we're all trying to do here, after all.
Yeah, go read some books. Lurk more. Look up value investing.
Maybe if you want to use CS look into applications of machine learning to markets. If you're CS I'm guessing you should be able to implement some of those algorithms in Python (backtest and work a virtual portfolio before blowing all your money).
Also, you need capital, so save. Don't be stupid and don't lie to yourself.