Where to start with stock trading?
I am currently a university student interested in low-risk, low-reward stock options. I am not planning on investing more than a few hundred dollars at most. I merely want to "learn the ropes" if you will.
With this being said, I have no prior education in stock trading and have no idea where to start. I know there are plenty of online services out there, but I don't know which one to pick.
Where should I start with stock trading?
Public Comments
1. Providing you don't bet more than you can afford to lose,
open a Scwab account and have at it.
'You DO realize that stock options are leveraged and you are risking
a lot more than the cash you put up right?
Those 'options' are contracts that can impose an obligation.
(I do know one man who actually got 'stuck' with a contract.)
2. Start by learning how to protect your capital, without which you won't last long as a trader. Check out Stock First Traider they take you from basic to competent in easy stages.
3. A few hundred dollars isn't enough to start trading. Because this much money won't last you long enough to learn anything useful.
Beginners usually lose money at first. And if you start with a small amount of money, then you'll be out of the trading game before you know it.
You can practice trading with play money at a free website such as:
http://simulator.investopedia.com/
4. Do not open an account for trading until you know the basics... then you'll have a better idea of what you'll need in a broker (order types, charting, scanning, news, option risk charts, etc).
Low reward, low risk stock options???????????? Options are high reward, high risk instruments. You could lose your few hundred dollars in a day or two with options. Learn "The Greeks" before you trade options..... or you'll be blown away by how quickly you'll lose your money.
I'm confused by your question.... are you interested in stocks or options. They are two distinct things to trade.
5. 1) have funds to start up. Without this "game over"
2) choose and open an account with your broker. Also try to trade with a demo account for 3-4 months.
3) read business news daily. You need to update yourself. If you stay behide the news means you fail such as someone looking to buy japanese shares after tsunami, I think it is too late and 2 months has passed.
Goodluck.
6. You probably do not have enough capital to withstand a string of losses, which can easily happen even in "low-risk" option trading. That being said, there are some low-risk, low-reward options techniques such as covered call writing and cash-secured put writing. Study these methods and paper-trade them while you build up your trading capital. Learn the ropes by trading "fake money" while you learn from good books and free informational sites as referenced below.
7. Here are the instructions
http://doiop.com/mk15i0