Stock Market Experimentation?

November 7, 2008 on 6:43 am | By advertising | In marketing |

I have heard that if you are lucky enough, you can actually make a little money in the stock market. Because I am a new comer and foreign to the stock market, I thought I start by investing a mere $100 USD to see what happens. I know that the stock market should be for long term investments. I see commercials like Scottrade and etrade. Which company should I use? If I open a account will it cost me anything? Is there any commitment like any contracts? How do I buy and sell stocks? If I want to sell a stock, how long does it take for me to get the money value of the stock? How am I paid (checks, electronic etc.) What are commission fees? How much are they? Are taxes automatically deducted? Also include specifics and any other details. Thanks you very much.

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3 Comments

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  1. You might want to try something like virtualstockexchange and see how it goes.

    Comment by John C — November 7, 2008 #

  2. Etrade is ok but it takes 2 weeks to open an account, share-builder is faster but expensive (14.95 a trade) taxes are not deducted you will get a statement at the end of the year, it's all done electronically, and be sure to do research and only invest in companies you know

    Comment by Olger H — November 7, 2008 #

  3. If you want to experiment with trading stocks then you can open a free account at the website below and practice using virtual money. Which means that it won't cost you anything to practice and learn.
    http://simulator.investopedia.com/home.aspx
    http://www.virtualstockexchange.com/Game/Homepage.aspx

    You have to pay transaction fees every time you buy and sell real stocks. Which means that you need to invest thousands of dollars in order to justify the trading costs. Or else you will loose money because of the transactions costs, even if your stock trading is profitable.

    With only $100.00 to invest, you won't be able to experiment much. Because you will quickly loose all of your money due to transaction costs. And most brokerages probably won't let you open a stock trading account with only $100.00.

    Comment by Nick Z — November 7, 2008 #

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