I’ve been studying certain corporations that I really would like to invest in and have been using the free "virtual" online stock trading sites.
I would like to actually do some investing but want to start with just little money so I don’t risk a lot and can get an even better feel for it, lets say 0 in an account.
How can I do this and are there any processes I must go through?
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2 Comments on “How can I start trading stocks online with relatively little money?”
Theodore B 7th March 2010
It’s a great idea to start with jut a little money so that way you can get some experience with trading in the real market, yet at the same time not have to worry about risking a lot. In order to do this, you’ll have to find a stock broker that does not require any minimum account deposits. I currently use Firstrade http://www.firstrade.com/ and they do not have any minimums. I like them very much so I would definitely recommend you to check them out.
A nobody 7th March 2010
Most brokerage firms have minimum requirements for opening an account.
Most reputable firms will require at least $500 dollars as the minimum requirement. You have to check with the firm that you will be using for their requirments.
And remember, the cheapest firm is not necessarily the best.