I need advice
Good evening!
Any suggestions on how much money I have to have just to start stock market trading? What is the fewest amount?
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Well you could start with any amount you are comfortable with. But remember the more you invest, the more you can make, but also the more you can lose.... If you want to start small, i would suggest starting with between $500-$1500 and investing in penny stocks. They tend to have high rates of return if you do u research properly and sell at the right time. With the money you can make off of that, you can invest in more expensive, more stable stocks or ETFs. Mutual funds aren't a bad idea either. Just make sure to do your research and be comfortable with the amount you're investing.
You can open a scottrade account with $500 i believe. But personally, I would start with at least $2,000.
0 U.S. dollars. naked shorting pink sheets ftw
I'd say 1.5k+. Remember that your potential profits will be eaten up by fees if you place many small orders in the market.
i wouldnt suggest penny stocks, considering they are highly speculative and imo, mostly bullshit. if you want to learn about the market, gather up some savings and open an account (TD, etrade, scottrade, etc). Do some research and find the broker you like the most (see their minimums, etc.).
Like working9-5 said, be careful with lots of trading (will eat up profits when allocating such small amounts to a stock.
Whatever money you start with is a great way to learn and then you can have more experience by the time you can deposit more, etc.
Yeah, fees will kick your ass if you aren't investing sums > $1000 or so.
Let's say you want to invest $500 across 5 stocks (assume $100 per stock). On a typical online brokerage, you might pay $10 for each transaction (you might be able to get a better deal, but this is plausible and keeps the number simple). Now, just to break even, your stock pick must go up by 10%. To make any realizable profit, your stock pick must go up by another 10%, because if you want to cash out that will cost you another 10%. So to make any money, you must be picking a stock that goes up by over 20%!
Even if you are willing to invest all $500 into one stock, your numbers still aren't great. You still need to go up by 4% just to break even when you cash out, and now all your proverbial eggs are in one basket. If you go this route, pick your stock wisely.
Thank you for advices!) And less than that? I found this: finance-forecast.c om. You can earn money on the stock market without fear of margin calls. Just predict, where you think the Dow Jones or S&P will close for a day, week or month. And what is great, that it's only 0,99$ to place your one bet.
What do you think?
I think better time would be spent on an Engrish course.
a lot...like hundreds of thousands like
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