Stocks

[Anonymous No.782500]

I want to get into stock trading/investing. Where do i start? Whos a good broker for a beginner? What do i need to do before opening an account? What software do i need to trade?

[Anonymous No.782502]

have 10k
use investopedia
you can use the broker's website
literally any broker, just find one with low fees and good in-house funds

[Anonymous No.782509]

Do you have $500?

If yes, Open a retail brokerage account. Etrade/Scottrade/TDA or where ever else, assuming you're in the US.

Go crazy, buy ~$100 or less of shares at a time. Try to implement techniques. When they don't work, find out why. Improve each time. Do this until you feel comfortable. Then add a few thousand to your account balance. Continue doing this until you've lost all of your money.
>the alternative being, you're actually good at it.

>What do i need to do before opening an account (in the US?)?
Be 18+
Have $500+
Be able to send identification verification
Be able to sign and send contract documents to open account


>What software do i need to trade?
With any of the major brokers, the trading software is built in to your account.


----- OR ------
I have anther alternative for getting into the markets.

Open an account at Vanguard (make it an IRA or Roth IRA if you’re eligible to contribute to one) and put $1000 in the target-date fund of your choice.

These funds are cheap and own a diversified mix of stocks and bonds.

Go ahead and drop another $20 on that investing book (or get it from the library).

You’ll learn that even with a low-cost, diversified portfolio, sometimes you’ll lose money. Sometimes a lot of money.

That’s no reason to avoid investing.

It’s a good reason to control what you can (keep costs low, diversify, and avoid active management), invest according to your risk tolerance (don’t own 100% stocks if you won’t be able to sleep at night), and stay calm when everyone else is panicking.