First - if you have deposited no money or securities in your account you have NO buying power nor do you have any equiy- The account value will change once you deposit real money (or securities) into your account but for no unless you deposit money and/or securities you have NO account value nor any buying power.
Firms CAN NOT and DO NOT take real money out of your account to "play" in the virtual" tradinng markets/
Most market orders are not usually entered GTC since the market order would normally be filled during market hours. GTC and Market are not related terms GTC is the time the order is to be considered an open order, "MARKET" is the price you are willing to accept for your trade
When an order is executed, you only pay/receive the executed price plus or minus any commissions
If you have a margin account with $5000 cash, you can buy $10,000 worth of stock, because you have to put up half of the price, then the broker will loan you the other half. You will pay interest on your margin loans.
If you make a GTC order, it will only be executed at no more than the price you bid and you won't pay anything unless it is executed. Upon execution you will pay the bid price plus a broker's commission. There are no other fees, at least not in my account when I buy a stock. I just bought 100 shares of VZ at $46.577 and my bill was for $4657.70 + $5.00 commission. (Most people pay more than $5.00 as a commission, even with my broker.)
they work on mass psychology when ppl shift from one company to other the bloody banks revive them causing another shift the thing is Bieng at the right place at right time buying shares when they skyrocket profits is waste of money instead studying buissiness patterns (ie not what the mainstream media reports) study of your own will get you money.
The mainstream media reveals false buissiness patterns so a mass psychology invests more in companies they select
Most of the ppl just follow media reports the truth is its a never ending game and you have to back off and invest some money in other buissiness or save before coming back to stock market
buy berkshire hathaway and signet jewelers
I opened an account to trade stocks, I'm new to it I will admit. I noticed that account value is at 5k? buying power is 10k? I haven't put any money into it, so I don't know how it has any value at all. I don't really understand that part... I mean, as long as I don't actually trade with that money they wont take it for any reason or circumstance, right?
Update 1: I've been doing virtual trades for a year so i'm familiar but not an expert. They cant just take money out of my account right? Now that its real I just have a different set of questions. Say I made a market order that's GTC, i pay only what I initially pay for the stock+commission and that's it, right? No hidden fees or anything?