not bad, look at some online brokerages like Questrade or another one I 4got the name , it's like $5 / trade, if you were to buy stocks now and no nothing about the stock market whatsoever, just by like a big name company and hold until you graduate, not a bad strategy ie. the canadian banks, or like GE/Intel
ive used questrade b4, the platform was trash, just relatively cheap and no pdt restrictions
the best is ib, thats what i currently use, very affordable commission structure and has access to lots of markets, but there is a 10k min to open, and 25k to not have pdt restrictions
and i wont preach on how to invest/trade/manage your money, but please consider paper trading or at the very least use money u can afford to lose b4 u risk your hard earned money.. hate to see ppl buy and hold till the bitter end when they have no idea what they are doing
u could just hit up your local library and grab a handful to skim through to get a basic understanding
most ppl associate stocks with doing things like associated with balance sheets/earnings etc (focusing on 'fundamentals') think along of the lines of, warren buffett, long term buy and hold value kinda thing
but there is also things such as price action/technical analysis, that focus more on price action, volume, and derivatives of those, chart patterns too i suppose
there is really a lot to learn, depending on what your objectives are, the timeframe you are operating in etc
and also ppl confusing investing with trading which are completely different things..
currently this market is a 'traders' market, the volatility is still fairly high and most ppl arent suitable to be investing in this environment (just look at some of the names ivt were talking about, u get caught in the wrong direction and u are looking at 100-200%+ moves in a matter of days.. and using buy and hold as a defense for taking massive drawdowns is just foolish, but that is my own opinion)
oh and you are unlikely to go -100%...the most i've ever been down was something like -38% on AIG but you can definitely go over 100% (if you pick the right stock)
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the best is ib, thats what i currently use, very affordable commission structure and has access to lots of markets, but there is a 10k min to open, and 25k to not have pdt restrictions
and i wont preach on how to invest/trade/manage your money, but please consider paper trading or at the very least use money u can afford to lose b4 u risk your hard earned money.. hate to see ppl buy and hold till the bitter end when they have no idea what they are doing
Also, any readings that you guys can provide/direct me on regarding stocks for dummies?
C and BAC are releasing Q1 this week, too bad i have to study :(
u could just hit up your local library and grab a handful to skim through to get a basic understanding
most ppl associate stocks with doing things like associated with balance sheets/earnings etc (focusing on 'fundamentals')
think along of the lines of, warren buffett, long term buy and hold value kinda thing
but there is also things such as price action/technical analysis, that focus more on price action, volume, and derivatives of those, chart patterns too i suppose
there is really a lot to learn, depending on what your objectives are, the timeframe you are operating in etc
and also ppl confusing investing with trading which are completely different things..
currently this market is a 'traders' market, the volatility is still fairly high and most ppl arent suitable to be investing in this environment (just look at some of the names ivt were talking about, u get caught in the wrong direction and u are looking at 100-200%+ moves in a matter of days.. and using buy and hold as a defense for taking massive drawdowns is just foolish, but that is my own opinion)
C is climbing up, FNM is finally making money for me, F and BCS keep going up and up
FNM up to 0.94 in afterhours $CHA-CHING$