i haVE 1 TO 2 THOUSAND TO GAMBLE WITH I WANT TO KEEP YRADING IT SO I NEED THE BEST SITE THAT GIVES FREE TRADES TO OPEN AN ACCT OR CHEAP TRADES
2007-06-16 03:05:53 · 5 answers · asked by ollie 1 in Business & Finance ➔ Investing
Generally the minimum to open an account is $2000. Places that give "free," trades do so by marking up the transaction by acting as the counter-party. They are not free and usually cost more than the commissioned sites. I would go to e-trade. With 1-2 thousand, trading is not the way to go. Invest in particular companies that are undervalued and hold them, if you can add money to this pot, otherwise, pick a good mutual fund.
A note, the State of Georgia pulled 100% of its citizen's trading records and found that 90% of Georgia's day traders lost 100% of their money, only 1% were profitable.
I am a skilled and experienced investor, I teach academically and I am among the best in the world. Stay away from this. I say this because if you have to ask this type of question, you lack the skills to be profitable. If you don't mind losing the money, send it to me, I could use a short vacation and it would be better spent.
If you would like to build skills, I strongly recommend opening an account at www.marketocracy.com and if you are any good they pay a prize quarterly. You will get to assess your skills and not lose any of your real money.
2007-06-16 03:18:53 · answer #1 · answered by OPM 7 · 0⤊ 1⤋
the best site i would recommend is scottrade.com because there's no maintenace fee,low trading fee i think its only $7 and there's lots of other reasons too, and its $500 minimum,to open an account, go check out there website. the other site is the one im with wich is sharebuilder.com im standard so i do about 6 free trades a month, than theres advance where you get 20 trades a month and basic which is 4 bucks a trade automatic, and you have to pay for other trades, do research
2007-06-16 10:23:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I'm a little nervous about you using the word "gamble," since that implies you doing minimal research.
If you're looking for something truly cheap, you can look at Sharebuilder.com... but it's geared more for people who are looking at building a portfolio over time and not day trading. You can buy shares there for as little as $4 per transactions (but it costs around $15 dollars for real-time trades).
2007-06-16 14:35:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Trading can be risky. You may burn your finger when trading.
Why don't you try the website out: www.simplyrichsg.com/bmb ? It's Internet Marketing. You can earn up to $1000 or more in one day as long as you are willing to commit yourself to it. Even when you are fast asleep, you can still earn money because it's in automatic mode. =)
May success be with you! Cheers!~
2007-06-16 14:22:07 · answer #4 · answered by Michael Gabriel 2 · 0⤊ 0⤋
The Stock Market is not a game.
If you want to gamble then go to Macau.
2007-06-16 19:59:31 · answer #5 · answered by Anonymous · 0⤊ 1⤋