I have some extra money for once in my life and i would like to start playing the stock market. It doesnt have to be any of those big stock exchanges. Im just looking for info on getting started
2007-02-11 13:59:28 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
T D Ameritrade's website is very informative & easy to navigate. Their cost for trades is also pretty reasonable at 9.99 per . You can find cheaper, but I think they have exceptional customer service.
2007-02-11 14:05:23 · answer #1 · answered by SantaBud 6 · 0⤊ 0⤋
Generally less is more when it comes to trading. In order to play the market you are counting on outsmarting just about everybody else, but without any more information than them. The people that make the money off all this trading are the "market makers" that get the price difference between the "ask" and "bid" prices. This is why brokerages go after the active traders, the way Vegas goes after people who cycle lots of $s through their slot machines. The way to win is to buy companies that have steady growth at reasonable prices and hold them as long as their business fundamentals are intact.
2007-02-11 14:10:25 · answer #2 · answered by my_evil_twin_41 3 · 0⤊ 0⤋
Try looking for a low-cost index mutual fund. It may not be as exciting as trading stocks, but it will over the long run do at least as well.
If you must trade stocks, try looking on Motley Fool for some info. Also try zecco.com for free stock trades.
2007-02-11 14:08:10 · answer #3 · answered by VATreasures 6 · 0⤊ 0⤋
do no longer do it. you will lose your ***. short term cost strikes are very puzzling to foretell. once you are attempting to make funds i could propose looking yet in a various way. while you're easily drawn to studying approximately how the marketplace works then do somewhat study and play a portfolio game (there are quite a few obtainable for loose online) That way you are able to %. your shares and song the way you're able to hold out in case you will extremely invested funds. that's a good thank you to earnings without risking your annoying earned funds.
2016-10-01 23:58:33 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Start with Interactive brokers then buy etfs Lowest commissions and lowest expenses and they will beat 75% of all mutual funds, buy 6 - small cap, large cap, mid cap foriegn large, emerging markets and IGE a natural resource for gold and oil and then rebalance every year and you are good to go. i'm serious this is rock solid advice, nothing flashy but solid investing
https://flagship.vanguard.com/VGApp/hnw/FundsVIPERByName
2007-02-11 15:07:04 · answer #5 · answered by Saladmaster22 2 · 0⤊ 0⤋
The Stock Market IS NOT A GAME.
If you want to play then buy Sid Meier's Railroads!
2007-02-12 05:07:23 · answer #6 · answered by Anonymous · 0⤊ 1⤋