I am interested in getting started in the stock market but i need a few questions answered. I am going to use something like E-Trade so that much i know. About how much money do i need to get started? I know that depends on which stock i opt to invest in, but i'm just looking for a general amount needed to get going with a decent corporation. Do online stock market companies charge monthly fees or only when i trade/purchase stock? I am unfamiliar with it so any advice would be much obliged. Thank you!
if you dont have a lot of money to start with i would recommend a site like sharebuilder.com (there are probably others like it but this one comes to mind). These days, trading costs are so cheap (in this case $4 / trade and no minimums) and you can literally buy 1 share of a company at a time, you could start a portfolio with just a couple hundred dollars to start. If you are starting with very limited funds, though, i would try to just make a couple of purchases or even $4 / trade will start taking a meaningful chunk out of your returns. I would also go to sites like fool.com and others to learn some basics on stock trading principles.
Good luck!
You can try investing in Penny Stocks as they are very cheap, have low risk and offer massive gains. They are very volatile. But you shud use an expert's guidance for buying & selling them. I use www.penny-stock-winning-trades.devhub.co… as they are quite reliable and accurate in their analysis.
Often from 500 to 1000 bucks!
It will depend on the broker.
Article below describes how to evaluate online broker.
You should check out livetradingdemo.com if you wanna start trading...They make $1000 a day live in front of you in real time...
You need only $500 to open an account without margin(extra money loaned to you by your broker to buy even more stocks). if you want an account with margin you need $2000. All of these online brokers allow you to buy and sell stock very fast in realtime for a fee. The fees range from $3 to $12 and more per transaction. I personally use sogo because they only charge $3 per transaction
https://www.sogotrade.com/Setup/Default.…
Now, if you are new like me that sort of helps because it doesnt pain you so much when you do a LOT of trades. Other brokers charge you $10 or over per transaction so my point is that you can take advantage of the low fees and hedge yourself by diversifying your portfolio into more than one stock and also hedge yourself with puts and calls. Try doing some research on LEAPS and reading about options. That is a must if you want to be an investor.
Hit amazon and look for 5 star reviews on books. and get this book on options:
Option Volatility & Pricing: Advanced Trading Strategies and Techniques by Sheldon Natenberg.
And one last word of warning, never never buy and sell the same stock in the same day more than three times a week. It's the PDT rule. Remember that rule, it's important.