2006-06-26 06:33:09 · 6 answers · asked by sultan 1 in Business & Finance ➔ Investing
There are lots of costs and fees and data charges and computer expenses and software expenses, and even small commissions are a large percentage of a small amount.
Try virtual trading with a simulator at Investopedia.com
Lots of fun and informative.
Good luck.
2006-06-26 06:49:05 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
Remember, there's a big difference between investing and trading. In both cases, though, being undercapitalized is a huge disadvantage. If you're serious about trading, well, I would suggest you have a steady income and at least 25k that you can part with. That being said, don't see it as a crap shoot. Tell yourself that your goal for the first year is to preserve your capital (i.e., don't even think about making much money; worry about not losing what you have and getting a feel for how trading works).
2006-06-26 15:50:57 · answer #2 · answered by angrysandwichguy2006 3 · 0⤊ 0⤋
If you're asking that kind of question...Unfortunately...I am tempted to say trading is probably not your cup of tea...I would say for you to start trading you need AT LEAST $20,000-30,000...However if you just wish to learn and get some real experience rather than just doing the simulations you can go as low as $2000...Just be prepared to lose all of it...(either to bad trades or costs...)
2006-06-26 13:57:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Depends on the broker. Some will let you in with as little as $2,000. The problem is, trading a $2,000 account is not cost-efficient.
2006-06-26 13:37:16 · answer #4 · answered by NC 7 · 0⤊ 0⤋
It depends on the Brokerage!
2006-07-08 18:54:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Just visit www.stocksidea.com, they are investment & stock market consultants, u will get all answers thr.
2006-06-26 15:55:20 · answer #6 · answered by Anonymous · 0⤊ 0⤋