can anyone tell me if there are any good sites for free stock trading without a minimum to start an account??

Question

i just want to start learning how to play the market and play with some penny stocks to get started and would like to know if there is a site that will let me do that without having to invest at least 1000 dollars or more

Answer 1

Before sinking real money into the market, it's a good idea to practice first.

investopedia.com provides a place you can do that. Also, most brokers have virtual trading as well where you can practice.

An account with a real broker where you actually do trades (virtual ones), you could go to a OptionsXpress, eTrade, Ameritrade, or ScottTrade to do that. Some of them though might charge you a fee for inactivity if you don't have any "real" money in the account.

Though I know OptionsXpress does not! So there, you can have a free account with no money, and still practice most of your trading.

As for penny stocks, stay away. Sure one might hit once in a while, but for every one that does, hundreds do not. It's basically gambling as many penny stocks are often manipulated. (Just start collecting those emails about hot penny stocks that are about to move, etc. Wait a month or so and see what happened to the stock.)

Anyways, hope that helps!

Answer 2

No. The stats on trading accounts are very disappointing and something you are never going to see advertised on late night tv. ;-) Of course it really depends upon what you mean by "trading," but the bottom line is that regular folks generally do much worse than the S&P500 index once they trade more than once or twice a year. Professionals do a little better in the year over year race, but not much. To put it in perspective for you, the very, very best investors (Like Warren Buffet) have AVERAGE ANNUAL returns in the low 20% range...and you can count the billionaires in this category with fingers left over...the super-rich might number a thousand or so worldwide, but I wouldn't be shocked if they didn't, either. You are asking for a return 19 times greater than the best of the best. Is that at all likely, no. Not at all. Crunching the numbers on day traders (those who close out most positions with one trading day) at the other extreme yields the sad sorry fact that anyone who starts with $100,000 or less will be completely wiped out within 18 months. The numbers on $10,000 aren't even worth discussing.

Answer 3

WARNING Penny stocks do not behave like regular stocks. There is frequently lack of liquidity and wide spreads and lack of information on the companies. If you want to learn the mechanics of entering orders, fine. If you want to actually invest to make money, wait until you have save a couple of thousand dollars and open an account with a regular broker.

Answer 4

I don't know of any sites where you can play at investing(?) in penny stocks. However, the Beat the Street game over at thestreet.com is fun for trading AMEX/NYSE/NASDAQ issues with play money. IF you're good you can even win real money.

Answer 5

Charles Schwab will do that and online trading is $10 per trade. You can enter your orders yourself on their web site or they can provide you with software to do it.
http://www.schwab.com
They have an 800 number.
The one I have is 1-800-435-9050

Answer 6

If you want to trade stocks then you need to pay at least $2.50 USD per trade.

Answer 7

try IG Markets. There is a web site.

Answer 8

WWW.SHAREBUILDER.COM

is a pretty good site. I believe you can start an account with like $25.00

Answer 9

I don't know babe but I love you!

Answer 10

do you want them to tuck you in also.