Good evening! Any suggestions on how much money I have to have just to start stock market trading? What is the fewest amount?
Hmmm, not sure what this has to do with "credit", but the answer of course depends on what stocks you want to buy. There are everything from penny stocks to Apple's stock, which would cost you like $575 per share. Don't forget about trading fees too which will vary depending upon the service you use.
Before you start trading on the stock market I would make sure you have at least 3 months of living expenses in a emergency fund. Then start saving for your money for the stock market. Thanks! Heather with BoostMyScore.NET
here are some of your options... if you are looking to just dabble in the market... you can set up an account almost anywhere for as little as $1000 or less. places like td ameritrade, or etrade, or whoever. you will probably pay a set $ amount per trade.
if you are not looking to just dabble... and want to be an "active" daytrader... that is a whole new ballgame. most places i know of aren't in the business of teaching active daytrading anymore. however, if you think you have experience in the matter and just want a platform to trade... then you have 2 options...
first, you can be set up at a retail place like lightspeed trading, cobra trading, interactive brokers, etc... u must maintain a $25,000 balance in the account and you will get 4-1 margain. at these places, you usually pay a price per share... say 4 cents... plus routing fees. routing fees, depending on whether you add liquidity or take liquidity could be paid to you or paid out to you. everything you make in excess of commissions plus data fees plus misc fees is yours to keep and can be wired in or out at your discretion.
second, you can go to a prop firm. these places will often take a deposit that is "locked up" for 1 year. you will be required to take an exam... usually the series 56... and then you will trade the firms capital. they will charge you commissions as well... and also keep a % of your profit. you would be paid out on a monthly basis.
Oh, thank you for advices very much!!) And less than that? I found this: finance-forecast.c om. You can earn money on the stock market without fear of margin calls. Just predict, where you think the Dow Jones or S&P will close for a day, week or month. And what is great, that it's only 0,99$ to place your one bet. What do you think?
