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Do I have to use a broker or should I even use one?

2007-08-01 16:37:22 · 4 answers · asked by bayarealatino925 2 in Business & Finance Investing

4 answers

With very rare exceptions investing successfully in the stock market is a long term deal. The dollar amounts you mention are completely inadequate for investing in individual stocks. May I suggest you get a few magazines and books to get a better idea of how investing in the stock market works.

2007-08-01 16:59:31 · answer #1 · answered by BD in NM 6 · 0 0

you must use brokers because they conduct the transaction between you and the market exchange who in turn gives them an e certificate that you bought the stocks. Good brokers are scottrade and tdameritrade which charge a commission of 7 dollars and 10 respectively. nothing in life is free and fast there is always a risk and the riskier the stock you buy the more money you will make or lose. i advise you to play stock market games where you invest with virtual money similar to investing in a real market to see how you like it. a good one is investopedia. you can also read about the stock market on ivestopedia. there are some great books out there you should get your hands on such stocks for dummies and one up one down on wall street. if you want to invest after this you need to transfer the money to a broker (need to be 18) and you can buy stocks on the real market. a minimum amount of 1500 for one stock is needed to make some money. Remember hold your stocks and dont sell too soon. the minimum amount cuz you will end up paying at least 14 dollars for reliable brokers buy and sell (seven dollars a trade).
people dont strike rich fast on the stock market you need capital and experience and some luck
only invest in stocks you know about and understand how they make money and finally remember to watch out for trends around you for you are a customer and so are others who make the company sales increase or decrease

2007-08-02 02:53:34 · answer #2 · answered by docholliday 2 · 0 0

I am a beginner in stocks but I make money since I join Doubling Stocks.

This is what happens: Their Penny Stock Guru, Michael Cohen will give you a penny stock pick each week and you just need to trade that stock and make money. His average profit per trade this year is more than 100%! He rarely picks the wrong trade.

Below are the stocks that I successfully traded with Michael's recommendation and make a good pile of money. Only 1 stock was picked wrongly:

1. PAETEC Holding Corp. (PAET) $9.80 (March 2007) $19.25 (March 2007) +96%

2. BioStem Inc. (BTEM.OB) $0.46 (March 2007) $2.34 (March 2007) +408%

3. LANTIS LASER INC (LLSR.PK) $0.49(April 2007) $0.42(May 2007) -14%

4. SUPERCLICK INC (SPCK.OB) $0.11(May 2007) $0.24(June 2007) +118%

5. DHANOA MINERALS LTD (DHNA.OB) $1.00(May 2007) $1.55(May 2007) +155%

You can read a good review of what you receive as a member through this site:

http://tinyurl.com/yuksz5

2007-08-02 17:38:58 · answer #3 · answered by Anonymous · 0 0

I've heard that there is no minimum to open an account at zecco.com. If you bought one share each in a few well-established companies you can expect to earn about 10% a year averaged over many years. That can grow to a lot of money but it's not fast. A tiny percentage of stocks double in value in a month, and a tiny percentage triple or quadruple in a year, but no one can find these frequently. Being totally uninformed, you'd need incredible luck to buy one of these rockets at the right time and sell it at the right time.

2007-08-02 01:53:41 · answer #4 · answered by Houyhnhnm 6 · 0 0

No, it cannot.

2007-08-02 12:31:52 · answer #5 · answered by derobake 4 · 0 0

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