Hi Folks, my name is Mike and I'm very new to shares. I have bought ten different stocks over the last few months and have a nearly doubled my initial stake But there are lot's of things I don't understand.

1.) How do people buy before the market is open? - I have spotted lots of shares, I have researched over night or over the weekend, that if I had been able to buy at the closing 'ask' price I could have profited on but when I try to buy the next morning, the price has already shot up before the market opens???

2.) How much tax is paid on profits and how does the taxman know how to claim the tax?

3.) What is 'level 2'

4.) What do all the abreviations mean , such as IMOH and DYOR

I don't have lots of money and am not trying to make a million, but a few quid towards that rainy day would be nice. Any help would be much apreciated.

Regards,

Mike.

Mike,

I don't which area you live, but there are lots of regular meetings arround the country where people get together to talk, ask questions and learn. Some will know a lot, and others will know very little. Try and go to some of these meetings.

Hiya all - any meetings arranged for East Sussex (Brighton / Eastbourne / Hastings, etc)?