Quote (cialda @ Jul 17 2013 03:40pm)

What site you are using is all up to you. Each have their own benefits. With such a small amount, the fees will generally overcome your profits.

Options are another idea if you don't have capital but know what you are doing - I'd advise you to not start with options though


As for jp2050s buy when people are selling and vice versa, it's one strategy out there that people use.

Quote (stuartg85 @ Jul 17 2013 03:44pm)

you only lose what you buy. you buy shares of a stock and those have a value tied to them at the time you purchase them

for example, if you go look right now you can see apple stock is trading at $429.76 right now. that means you'd have to spend $429.76 to buy 1 share of that stock (then you add in your $7 trader fee)

if apple goes under and that stock value goes to 0 then you've already spent your money and essentially own a share of a stock that is worthless so you've simply lost your money

it's really no different than any other day to day purchase. you buy a good for a set amount and its value will either go up or down over time

Quote (Juanderful @ Jul 17 2013 01:21pm)

Have fun with day-trading and putting money into other people's stocks in which you have no connection to. If you base your investment decisions on news articles, forum posts, and youtube podcasters for your "inside scoop", I feel dearly sorry for you. What makes you better than the millions of other Joe Shmoes who are reading the same exact articles, and getting the same exact advice?

Anyway you should probably go back to watching your 'Mad Money'

Quote (Prone @ Jul 17 2013 03:46pm)

Say if I used Etrade, would I have to pay monthly to just have the account without buying anything?



$7 fee for every stock?

Quote (Prone @ Jul 17 2013 03:39pm)

Oh ok, so what I would really be buying is shares and not stocks?

Quote (stuartg85 @ Jul 17 2013 03:48pm)

per transaction, so you can buy 1000 shares for $7 or 1 share for $7 lol

Quote (Jp2050 @ Jul 17 2013 03:52pm)

You buy shares of stocks. A company offers stock, of which you can buy shares (pieces).

The value of those individual shares will vary day to day. If the stock price crashes to 0 per share you lose it all, but that is extremely rare. If more people want to buy than want to sell, the price goes up. If more people want to seel than buy, the price goes down until it reaches an equilibrium.

When you look up a stock quote (current price of the stock) that number is the amount of money the most recent trade was for (generally delayed ~15 minutes unless you have a live-trading platform).

Quote (Jp2050 @ Jul 17 2013 03:54pm)

I highly recommend you open an account at MarketWatch and use their stock market game options. They let you make "real" trades at live prices with play money, but it is 100% realistic.

http://www.marketwatch.com/game/

Quote (Jp2050 @ Jul 17 2013 01:54pm)

I highly recommend you open an account at MarketWatch and use their stock market game options. They let you make "real" trades at live prices with play money, but it is 100% realistic.

http://www.marketwatch.com/game/

Quote (Puls3 @ Jul 17 2013 11:40am)

It's set up, you're going to fail because if you haven't been around the block the past 30+ years, you're basically a pawn.

Quote (Juanderful @ Jul 17 2013 12:10pm)

The stock market is a scam for the newbie. You are the pawns that the big players prey on. And by "big players" I mean the multi-billionaires who regularly trade upwards of couple million $$$ a day, since they have inside information that you will never be able to know about. These people manipulate stocks and make money from it for a living. They know the rules and they are notin your favor.

You might start playing, get lucky, and make a few grand here and there. But if you continue to play, the odds are stacked against you. You will eventually lose everything that you won and possibly more, much like gambling at a real casino. I'd suggest you take your money and invest in bonds, precious metals, etc. Then invest your time into getting an education, so you can have a steady income source to start your own business, and have other people buying your stocks. Think bigger



AKA gambling

Don't listen to this guy ^