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| New Trader Q & A New Trader's Questions & Answers. All of our members share their information with other Stock Market Cats members, and we are all here to learn from each other. Let's discuss our different stock market trading styles and plans here. |
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05-06-2012, 11:52 AM
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Jedi Initiate
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Join Date: May 2012
Posts: 2
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I need advice
Good evening!
Any suggestions on how much money I have to have just to start stock market trading? What is the fewest amount?
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05-07-2012, 12:32 AM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 12,289
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Re: I need advice
You can start with any amount of money.  However, the more you have the better since you'll be able to buy better quality stocks. About $1000 would be nice to play the small and mid caps stocks.
__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
Plays: VRNG WHZ NOG
SMC - THE BEST STOCK MARKET FORUM
FREE LIVE CHAT if you join Stock Market Cats
"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson
Big Government is America's Biggest Threat!
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05-10-2012, 03:16 AM
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Jedi Initiate
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Join Date: May 2012
Posts: 2
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Re: I need advice
Thank you, BadThad!)
And less than that?
I found this: finance-forecast.c om. You can earn money on the stock market without fear of margin calls. Just predict, where you think the Dow Jones or S&P will close for a day, week or month. And what is great, that it's only 0,99$ to place your one bet.
What do you think?
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05-11-2012, 09:08 AM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 12,289
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Re: I need advice
I think it's a scam to take your money. If you want to gamble, go to a casino.
__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
Plays: VRNG WHZ NOG
SMC - THE BEST STOCK MARKET FORUM
FREE LIVE CHAT if you join Stock Market Cats
"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson
Big Government is America's Biggest Threat!
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07-05-2012, 04:16 AM
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Jedi Padawan
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Join Date: Jul 2012
Posts: 40
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Re: I need advice
Quote:
Originally Posted by BadThad
You can start with any amount of money.  However, the more you have the better since you'll be able to buy better quality stocks. About $1000 would be nice to play the small and mid caps stocks.
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But BadThad, some times traders start with less than $1000. At present, Stock market is a attracting to everyone. So there is nothing to think what should be minimum money and maximum money
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07-20-2012, 09:41 PM
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Jedi Initiate
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Join Date: Jul 2012
Posts: 2
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Re: I need advice
i think you need study about stock befor you tranding
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07-23-2012, 02:12 AM
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Jedi Padawan
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Join Date: Jul 2012
Posts: 95
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Re: I need advice
I think you should not invest much on stock market since you are a beginner. Just invest a little and earn a little. Do not be too ambitious at first. Step by step, you will know more about the market , have much more experience and then earn more.
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07-23-2012, 10:29 AM
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Super Moderator
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Join Date: Jul 2007
Location: Cincinnati, Ohio
Posts: 12,289
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Re: I need advice
Quote:
Originally Posted by q2w3e4r_1
I think you should not invest much on stock market since you are a beginner. Just invest a little and earn a little. Do not be too ambitious at first. Step by step, you will know more about the market , have much more experience and then earn more.
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Sage advice! That's a common newbie mistake, taking all of their play money and going "all in". You NEVER want to learn with your money.....a few bad mistakes can wipe you out have you running away from the stock market forever. Take baby steps while you're learning!
__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
Plays: VRNG WHZ NOG
SMC - THE BEST STOCK MARKET FORUM
FREE LIVE CHAT if you join Stock Market Cats
"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson
Big Government is America's Biggest Threat!
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07-25-2012, 02:29 AM
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Jedi Initiate
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Join Date: Jul 2012
Posts: 12
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Re: I need advice
Hi Zasypkina, Since you are a newbie, you should study the market first. Then you can decide over what should be the minimum and maximum limits for you.
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Research is not *only* the system traders use that gives them trading success. It’s also the mindset they have! Check out- http://coachingfortradingsuccess.com/
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12-18-2012, 06:04 AM
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Jedi Initiate
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Join Date: Dec 2012
Posts: 3
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Re: I need advice
There is no limit to start stock market trading. Even you can start with very low amount. Read about stock trading so that you can understand everything. Invest your money wisely so that you can earn good profit from small investment.
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