Hi!!! I want to buy some stocks and I want to do it with e-trade. Is that a good place to srat with stocks? I also hear it's not a good time to get into the stock market. True?
And when I want to sell my stocks, how would one go about selling it? Thank you!
2007-03-21 13:58:44 · 5 answers · asked by LAOSVUCSIWAT 2 in Business & Finance ➔ Investing
Anytime can be a good time to get into the stock market if you know what you are doing. Always do research on the stock you want to buy to determine if you believe it is undervalued now, or the future value will be higher at a later time than it is now. All stocks will go up and down in price, but if you do good research, you can pick one that has better odds of going up than down. Stock from solid companies that have been around a long time and have proven themselves are safer, but will usually not go up (or down) as fast.
Selling a stock is as easy as buying. You just put in a sell order with your broker (ETrade if you decide to go with them.) You can sell at market, which will sell you stock immediately. You can also put in an order to sell at a certain price, so your stock will not sell unless it hits that price.
2007-03-21 14:07:55 · answer #1 · answered by Brian G 6 · 0⤊ 0⤋
Just some friendly advice if you have never traded "individual stocks" before be careful it is not an easy game to play.
I would actually suggest going to Vanguard.com and look at their index funds. This is a much safer way for a beginner to enter the stock market. Also the website will give you some questions to answer that will give you a better idea of your risk/reward tolerances.
Honestly, you need to learn at least the basics of buying and selling before you actually put really money into the market. Try an online stock simulator game before risking your real money.
Also, just an FYI Scottrade offers $7.00 dollar commissions on trades which is lower than E*Trade.
2007-03-21 22:24:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Always something to buy or short. Never not a good time. Broker choice does not matter. you sell them when you want to though the market will determine at what price. You use etrade both ways. Don't speculate - invest. ADX PEO EWA SNH - good basic holdings to start. Fee free to contact fot more info
2007-03-21 22:41:27 · answer #3 · answered by vegas_iwish 5 · 0⤊ 0⤋
dont do stocks do Forex! you can start with 200.00 thats what i did a few weeks ago now i have 3g's
go to http://www.forexaim.com and it will give you free info which is what i used!
hoped this helped
2007-03-21 23:21:46 · answer #4 · answered by m2cgbldlr 1 · 0⤊ 0⤋
If you have less than $25,000.00 USD you are better off with Zecco.
2007-03-22 02:12:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋