How much money do I need to start of in stocks or what is the first step in becoming a stock broker ?

Answer 1

The first step in becoming a stock broker is find a brokerage firm that will have you, so you can take the test for the licenses you need (of course you will have to study for the exams, but you can't take the test unless a company sponsors you).

As for starting in stocks, you can open an account at Scottrade for $500 last I heard. Sharebuilder is even less. As for making a living on it, that will take an upper-five or six-figure sum, or more depending on how successful you are. As for making a living as a broker, I think the folks at A. G. Edwards have a 4-trade a day minimum performance to keep their people around, so you will have to hustle up some customers just to stay in the office.