How Do I begin trading in the stock market?
I have $100 to my name, and I'm feeling lucky. I've been practicing and learning trading strategies for the past 5 weeks on virtual trading websites where people can trade and the only thing fake about it is the money. I don't know how to go about investing to start trading and make a profit from this only $100 that I have. Do I go to a bank? Any certain website? Is there a fee? How much? Minimum number of trades? Tell anything. When and how do I pull out once I'm satisfied with my gains?
Public Comments
- im sorry but if you are asking those questions please do yourselfa favor and do not invest in the stock market. the market is for people with money. Most brokers (online and non online) require a minimum of $1000 to even open a brokerage account(which you need to open to even buy and sell stock). and yes there is fees for making trades. go to www.investopedia.com and you can create a free brokerage account with fake money so you can learn how to invest first
- I would not recomend any one or two stocks to invest due to risk if that particular company to have a problem not directly related to the market such as a lawsuit (e.i. Microsoft or Philip Morris) or a company going bankrupt (hmmm... anyone heard of Enron?) When you invest in mutual funds, you have a professional money management team that picks which stocks and bonds to invest in depending on the objective strategy of the fund. If you only had $25/month to invest, you would be limited to buying one fund. Since you have more, your strategy would be to diversify among different types of funds (e.i. Growth, Value, Foriegn Stocks and Bonds). Real estate, science, technology, health, foreign stocks,... you name it and there are mutual funds to help you in the direction you desire. Are you ready to start? Would you like more information? Let me know. -Marcus marcuskthomson@yahoo.com
- I wouldn't recommend doing any trading. Most fees for buying and selling a stock at a discount brokerage are $7 (Scottrade for instance). That $7 is already 7% of your initial investment, and that's just too high. I would recommend focusing on your career and continue to read about investing. Visit the website www.fool.com for instance, it's a great starter site.
- get ebooks PPT study charts & start more on my blog
- Let me tell you know that 95 percent off all Americans do not know how to invest in the stock market so go out there and do your own research. Start reading the top nespapers suck as the New York Times, Wall street Journal, Chicago Tribune, In the business section of these great newspapers you will find great advice about companies that you can invest in. Once you find information about the companies you can invest in, shoot over to yahoo!finance. look at all the companies financials, and determine were they are headed. Get some books such as Jim Cramer watch CNBC.
