Does a person have to have an account with a broker to conduct stock trades?
by Gary James on Monday, August 2nd, 2010 | 9 Comments
I’m really new to stocks and I would like to know if I NEED to have a broker. No i don’t have ,000 for a minimum. I just want to get a feel of how to conduct stocks without having to have all this money on hand. I just want to start off with penny stocks to get a better feel of it all.
Hey everyone, Gary here. Stock trading was never my forte'. I lost tens of thousands of dollars listening to stupid advice and letting other people trade for me.
the regulated stock exchange allow trade through registered member brokers only.
you need registered through member broker for trading and demat (stocks in electronic form)accounts.
instead purchasing 100 shares of penny stock,purchasing minimum say 1 share of blue chip stock is better option.
for more information contact to broker at your place and know how to conduct stock trading in minimum fund profitably to feel good and do some for good.
Yes, you must have a brokerage account.
Well, yes, you can’t make the trades yourself.
Not all require $1000 minimum. And there are online brokers with low fees and minimums.
Note: you can get killed in penny stocks – and the lessons you’ll learn there might not apply to investing in major stocks, The differences are more that just that penny stocks are cheaper per share.
Yes, you need a broker. You can use a discount broker. They will charge only low commissions for each trade. You don’t need a full service broker. Basically, all you need is a licensed broker that is able to make the trade on the market for you. Discount, on-line brokers are the cheapest way to go. If you plan on trading penny stocks, not all brokers will trade penny stocks. So, in your search, make sure the broker will trade in penny stocks.
Online brokers as suggested are probably your best bet to start out, penny stocks are fun you can make some money and its a great way to get your feet wet at a low risk, good luck buddy.
Actually, penny stocks are extremely risky. It’s best to start out by either following the markets without putting your money in anything for a few months while reading some good trading books. Also, follow the financial media (CNBC, Wall Street Journal, etc.)… don’t throw your money away right off the bat by putting it in a penny stock you don’t yet know how to analyze.
If you feel you need to have your money in something to stay interested, buy some shares of a company whose products you enjoy (McDonalds, Apple, Google, etc…)… the larger companies are generally less risky, which is what you need before you get a handle on what’s going on.
Generally the stock market is a win/win situation since it normally rises over the long run so the buyer as well as the seller usually both win. The seller could possibly have made more by holding on to the stock but he still is likely to have made money.
However, penny stocks are usually an exception since most of the stocks end up being worthless. Therefore penny stocks are usually either a win/lose or lose/lose situation. Since the stocks are normally racing to zero with possible fluctuations, there is the possibility that someone can purchase the stock at the low of a swing and sell it at the high of a swing usually creating a win/lose situation. However, if he purchases the stock that doesn’t swing, it is usually a lose/lose situation where both the buyer and seller lose. Occasionally there are win/win situations with penny stocks but most are not.
Therefore your chances of winning over the long term with normal stocks is greater than 50% (could be significantly higher if a good market and could possibly be lower if you invest in trash) but your chances of winning with penny stocks is less than 50% (can be significantly less if your timing is bad and is usually only above 50% if you are very lucky).
get more details ; open the second & fourth link in: http://www.total-forex-trading.co.cc
how does it feel to use $100 and turn to $400,000-$500,000 in 5-10 years. I think GREENSHIFT CORPORATI(GERS.OB) penny stock, it good to start with because the it at the lowest that can not longer going down. the volume trading it alway high and if you look at the chart it show that when the market it back to normal few year ago the stock is about $.40-$1 and the stock it about green energy it most likely will buy by other big comany so the stock it easy it earn 1000 time the amount you put in. if you lose you only lose $100 and if you win you win $400,0000-$1000,0000 I think it ressonable to buy.