Using E-trade is not a bad idea, but using one brokereage firm over another is not going to make your trading any better
There are no :hidden:" fees, all charges and fees are available to all customers. It tis illegal for brokerage firms to have hidden fees.
Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.
Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing for Dummies” by Eric Tyson.
To continue your education select some of the following
Beating the Street by Peter Lynch
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
What Works on Wall Street by James O'Shaunessey
Your Money and Your Brain by Jason Zweig
Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks - http://www.1source4stocks.com/info/stock... or Smart Money
http://www.smartmoney.com/
Visit some of the more professional websites like Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/ Investors Business Daily - http://www.investors.com/default.htm?fro...
Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.
And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/
and/or http://www.tradingsimulation.com/
After you feel comfortable with what you're tryng to do, visit the Web sites of some of the more popular brokerage firms. So if you feel comfortable with what you see on line and look at the cost and/or charges. When you are ready to go, just open an account on line with the firm. Please remember, the cheapest is not always the best. Even though you’re opening an account on line. you can always call the firm's "customer service" area for help
You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.
Good luck on your journey, study hard and you’ll invest well.
When you buy stock, you send money to a broker and the broker buys shares in a company. Those shares have an underlying value but are not considered actual cash. For example, you buy 100 shares of a stock at $10 a share. Cost is $10 * 100 plus commission - so those 100 shares cost you say $1,010. In exchange for your cash, you (or your account) gets a piece of paper saying you own 100 shares. Just like a title to a car, you have ownership but you can't take the title into a grocery store and buy things. So, if the price of the stock goes up, let's say 50 cents a share, that stock certificate is now worth 100 * $10.50 = $1,050 and you have made a paper profit of $40 (remember you paid to buy the stock). If you want that $40, you would have to sell 5 shares of stock )5 * $10.50 = $52.50 and then minus $10 commission to sell - meaning your account now has 95 shares plus $42.50 cash). You could withdraw the cash, but then your account is worth 95 * $10.50 = $997.50.
As has been pointed out, just because the stock went up at this minute by 50 cents, it could also come down 50 cents by the time you placed your sell order and found a buyer - prices vary quickly if (even every few seconds) if the stock is very liquid.
Unless you know what you are doing, day/shirt term trading for profits can just as easily lead to monetary loss (there is no guarantee stock prices will go up). This leads to the conventional wisdom that investing in the stock market is a long term investment (years) so that appreciation can counteract any price decline over time. Also, conventional wisdom suggests you should never invest money you cannot afford to lose.
Hidden fees in addition to the commission on buys and sells include account maintenance fees and other management fees you might encounter if you invest in mutual funds.
If you need your money short term (i.e., next semester's tuition), you should not be putting that money in the market since it may have dropped at preciseley the point in time you need the money.
You have to sell to get your money. You would also pay broker fees, and the income is subject to tax.
idk anything about E trade - except talking babies cannot really have an account
LEAVE YOUR MONEY IN THE BANK !! You will avoid service fees, overdraft fees, late fees, etc with that $ cushion in the bank. The stock market can go south, and you will lose the money you need for college and general expenses.
Buy some bitcoin or silver. Don't put your life savings into it... but it's perfect for small amounts of investing/speculation.
1. if i buy a stock and it goes up 5.00 points and i get lets say 20 dollars can i spend that money or do i have to sell my stock to collect any money
2. Is trading on E trade a good idea.
3) what are the hidden fees
3. any other stock tips. Ive ben watching the market very well the last few months. Im in college and i dont really have anything else to spend my money on
