Best way to start investing, for a young person just starting their career?
With 1500+ questions on this forum, I'm sure the question I'm about to ask has been asked multiple times. I tried to search the archives but couldn't exactly locate the questions because of lack of very fundamental knowledge on the subject.
I'm from India. I'm a fresh graduate recently got a job. My friends have started buying and selling stocks. They neither read anything nor have any prior experience. They got some concepts from their friends. They are happy because as of now they aren't in losses.
I'm also interested in that buying & selling shares/stocks/inversting. I don't even know what is the term to use to describe the stuff they are doing. So, I don't want to directly jump into it. Instead I want to learn about this stuff as much as I can then do Paper trading as suggested here
Some one suggested reading http://articles.moneycentral.msn.com/learn-how-to-invest/10-investing-basics-from-Buffett.aspx but I'm unable to understand it.
Some other person suggested this book: The Intelligent Investor: A Book of Practical Counsel ~ Benjamin Graham but I doubt if that is suitable for me.
Please understand that I have absolutely zero knowledge about it. Kindly guide me how to get started. What books to read? What articles etc.