i have saved up extra cash about 2,500(which i know is not much but its what i can do) in order to begin investing in the . i am very excited and have been studying for weeks now. i know weeks isnt a long time but i like learning by truly experiencing. i have also been buying on a simulator in which i have been ranked #1 for about a month now. i am very anxious and very eager to learn more. i am prepared to completely lose all of my but of course that is the last thing i want to do! i am looking to make a couple of trades a week and am curious of who would be the best company for me to open my account with without getting charged too many fees. i just want to get the best bang for my trading buck. please let me know about absolutely any knowledge you guys have on the subject if you are experienced. please do not reply if you are not experienced! advice on any books to read or what places to go and research more helpful advice on the subject would be great.

 

  • StockDog 1:06 pm on April 24, 2010

    Forget being number one in any simulator. The market can teach you a real lesson. First go to your local bookstore and buy books on technical and fundamental analysis. Then read them till you’re done. Start watching the market and stocks and last you can start trading when you feel comfortable. Scottrade is a good place to open an account. Low fees, no inactivity fees, many locations and only $500 to open an account. With $2500 you can open a margin account which if managed properly can make your profits climb up twice as fast. Good luck.

  • Ron Berue 1:06 pm on April 24, 2010

    Here’s what I suggest you do:
    BEFORE opening any type of account – Investigate!

    THIS is THE kind of account you should investigate opening:
    You want to have a "speculating", "speculator" or "speculative" account.

    You want "margin".

    You want to have the approval to trade "Options – Calls and Puts". Options give you "more bang for the buck".

    This type of account allows you to have the most flexibility with YOUR hard-earned money.

    IF you open any other type of account, you are putting further restrictions on yourself and your trading flexibility.

    THEN learn about options and how to trade them.

    THEN paper trade, paper trade, paper trade, paper trade and paper trade some more. THEN paper trade some more.

    You MUST have trading rules for each and every strategy you are interested in trading. When you have losing trades, you must re-adjust your trading rules. That is one of the main reasons why you paper trade.

    THEN paper trade, paper trade, paper trade, paper trade and paper trade some more. THEN paper trade some more.

    You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to this free site, recognized by Y! A as a "Featured Knowledge Partner":
    http://investopedia.com

    Investopedia also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with your own hard-earned money.

    http://finance.yahoo.com is also recognized by Y! A as a "Featured Knowledge Partner"

    Thanks for asking your Q! I enjoyed answering it!

    VTY,
    Ron Berue
    Yes, that is my real last name!

  • See Here 1:06 pm on April 24, 2010

    Even if you are ranked number one in simulator , you should be very cautious while trading with "real money". Take advice of good experts.

  • HGNFX Asset Management 1:06 pm on April 24, 2010

    We are professional Asset Management which offer 5% to 15% per month for low risk trading with minimum 50k of account , we have a partner with MIG Investment SA Swiss broker http://www.migfx.ch which is the best forex broker in the world that can handle millions of trading securely and safely. Please visit our website for more information about the Forex Managed Account . http://www.hgnfx.com .and we have live chat on the website

    Regards,
    Simon
    Administrator of HGNFX Asset Management
    simon@hgnfx.com
    http://www.hgnfx.com

  • Vamshi K 1:06 pm on April 24, 2010

    Reliance Money was the first company in India to offer a flat
    fee structure for trading in stocks, commodities and other
    instruments, as against the industry practice of percentage brokerage charges per transaction. The industry brokerage fees averages around 0.5 per cent for delivery-based equity trades, which would result into up to Rs 2,500 for Rs five lakh of trading.

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