Stock Market Stocks
Stock market question. How do you buy stocks? Is it really risky?
can anyone be able to open an account online and buy stocks, or you need to really learn everything about stock market before you open an account? I dont know much and how much is the minimun dollar amount you need to invest? Could somone please tell me. Tnx
Just about anyone over the age of 17 can indeed open an on line brokerage account. Some but not all do require a minimum deposit in the account before they will allow you to begin trading. Yes it is very risky. If you do not believe me, ask just about anyone who had invested about 18 months ago. Most have seen the values of the stocks fall about 50% or more. There really is no minimum to the amount you can invest except from a practical standpoint. The minimum brokerage fee is about $7.00 to 14.00 depending on the brokerage firm, sometimes even more. So if you buy say $100 worth of stock and then sell it at say $120. After taking into account the brokerage fees you have just about broken even. But if you buy $1000 worth of stock and sell it for $1200, the brokerage fees will make up only about $20 to $30 of that transaction leaving you with about $170 profit. So you see, there is a practical minimum of about $1000 or maybe if you stretch it $500 but certainly not less.
Stock Market & Stocks Technical Analysis Review 5/29/07