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Im interested in daytrading, i have been playing the real market with fake money through facebook and have been doing well. But ive been making alot of trades. I dont have that much money to invest so spending $10 on each trade when i may make 10 trades each day can really add up. Are there any trading companies that offer unlimited trades for a certain fee? im think of starting with $5,000. do you think that is sifficiant? im not looking for huge gains, and a profit of even $50 on a trade is fine with me. i would just like to start playing the market and learn.

2007-08-01 09:25:41 · 13 answers · asked by jon h 2 in Business & Finance Investing

13 answers

zecco.com will let you trade for free--I'm not sure about 10 trades a day but enough to keep you busy.

Interactive Brokers has been around a lot longer and will let you make any number of small trades for $1 each.

There is an old adage that you shouldn't confuse genius with a bull market. Have you traded successfully through a downturn and learned when to go short or flat? If you have, and you don't choke with real money on the line, you are a rare breed.

If you have $5,000 you've got to limit your number of positions. If your goal is $50 per trade, you'd need 1% return on your whole $5,000 stake on every trade. That's pretty ambitious for true daytrading, and if you have a drawdown to $2,500, you have an impossible 2% goal.

Another issue is that if you make a few day trades in a small account, the broker will cut you off because the SEC requires a larger minimum balance for "pattern day-traders". The balance doesn't have to be cash, it can be other stocks that you aren't trading much.

2007-08-01 09:58:26 · answer #1 · answered by Houyhnhnm 6 · 0 0

1

2016-12-24 00:32:02 · answer #2 · answered by Anonymous · 0 0

So..
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org

I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.

As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Best

2014-09-22 12:34:44 · answer #3 · answered by Anonymous · 0 0

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/16635
It's probably the best way to learn how to win with binary option

2015-01-24 10:54:31 · answer #4 · answered by Anonymous · 0 0

If you are going to be a day trader you must have a minimum of $25,000.00 in your account. This is an SEC regulation.

Also, I'm not familiar with all brokers, but I doubt that you will find one who offers the kind of account you described. Unless you have a very large account.

If your practice has been successful, I would suggest you open a regular account and start investing slowly with real money. Scottrade offers $7 trades and no fees.

2007-08-01 09:45:58 · answer #5 · answered by Mystery 6 · 0 1

Free Trades Per Month

2016-11-04 01:16:41 · answer #6 · answered by Anonymous · 0 0

Folio Investing offers unlimited trades for a flat fee of $29 per month. These are two window trades one at 11 a.m. and other at 2 p.m.

2015-06-27 05:47:49 · answer #7 · answered by Nuzhat 1 · 0 0

This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/learnpennystock
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.

2016-01-17 16:14:21 · answer #8 · answered by ? 3 · 0 0

Scot trade says they will charge you $7 but that has other fees that may apply. Banc of American will let you have 360 free trades if you maintain $25k in an account.

Net is -- You got to pay somebody - something.

2007-08-01 09:42:35 · answer #9 · answered by Anonymous · 0 0

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

2014-12-18 14:28:16 · answer #10 · answered by ? 2 · 0 0

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