I want to start investing in the stock market and since I do not know exactly what im doing I would llike to start with small amounts of money (0 or so). However every online stock market trading sight ive looked at has a .50 – .95 + fee for each trade you make and I would rather not lose 10% of the money I am investing right off the bat. Is there any program or website where I could trade stocks at a low cost. I am not looking for a broker or someone to give me advice on what to invest in, I just want to play around with a little bit of money and see how I do.
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Where should i start if I want to get into online investing?
Tiger 1:02 pm on August 1, 2010
All the online companies that I know of require an initial deposit of $500 or more. If I were to recommend one it would be SogoTrade because they have the cheapest commissions ($3.00). However, if you only want to play around, I highly recommend starting with a simulated account. You can trade for free with pretend money on sites like howthemarketworks.com and it is good practice.