Anyone here do stock trading online?
I'd like start doing some online trading. Any tips, preferred services, starting costs etc would be helpful...
Q's:
Can you starting investing with only $1000, and make a profit, is the initial get going more expensive than this?
What is your prefered online stock broker? What is the cheapest etc?
Any help mucho appreciado!
Etrade has served me well: Easy-to-use trading platform, Quick trade execution, and pretty cheap transaction fees.
Starting with $1000 is the stock market equivalent of playing the nickle slots in Vegas. But, it's a good idea to start small because it takes a couple years to learn the game, the hardest part being the emotional ups and downs.
Here are a few books:
The Battle for Investment Survival - Gerald Loeb
How I made $2,000,000 in the Stock Market - Nicholas Darvas
How to Trade in Stocks - Jesse Livermore
Couple of Good Websites
Morningstar.com
Bigcharts.com