is this possible? i occasionally do stock simulators, but i want to know if investing in stock is practical at my age? would it take a lot of my daily time up? where do i start? You CAN learn all about trading stocks, options, commodities, currency, bonds, investments and investing, in general, and trading.
Using a virtual trading platform, you should be able to try different strategies, adapt ,adjust and "hone" your trading rules, strategies and skills.
As far as YOU, personally, opening an account with an on-line broker or full-service broker is concerned, you must be at least 18 - MAYBE even 21.
Your parent[s] or guardian[s] may be able to open an account AND THEY would AND WILL be responsible for YOUR shortcomings and losses.
BELIEVE ME: As far as new traders and investors - no matter how young or old a person is - there are ALWAYS looses.
Discuss what you would like to do with those folks and see what they say or advise.
As I mentioned you can learn about trading and investing. As you read and do research about investing you could refer to this free site:
http://finance.yahoo.com
It's recognized by Y! A as a "Featured Knowledge Partner".
http://investopedia.com is also a free site, recognized by Y! A as a "Featured Knowledge Partner".
As you are doing research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before.. You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to Investopedia鈥檚 dictionary.
THIS IS NOT SPAM: You should also read books such as "Investing for Dummies" and other books for the beginning or "newbie" trader and investor.
<3333you Age is no limit.
I'm thirteen and I invest in stocks from time to time. Try these:
Check them out at finance.google.com
MOS, up 389% in the last 12 months.
CF, up 268% in the last 12 months.
MCF, up 266% in the last 12 months.
POT, up 284% in the last 12 months.
ANR, up 234% in the last 12 months.
SID, up 205% in the last 12 months.
AKS, up 187% in the last 12 months.
CLR, up 199% in the last 12 months.
MON, up 136% in the last 12 months.
MTL, up 362% in the last 12 months. It's good that you're doing simulators but it doesn't take a lot of your time. As Warren Buffet says:
鈥淚f you don鈥檛 feel comfortable owning something for 10 years, then don鈥檛 own it for 10 minutes.鈥?br>
Shares are a long-term investment. Most day traders make a loss. In your simulators make sure that you allow for dealing cost and the difference between bid and offer prices.
You will not be able to buy shares for yourself until you are 18 but you can get an adult to invest on your behalf.
So, to start with, you should talk to a friendly adult. I'd strongly suggest a relative.
Remember that there is no guarantee that you will make money: you may lose. You CAN learn all about trading stocks, options, commodities, currency, bonds, investments and investing, in general, and trading.
Using a virtual trading platform, you should be able to try different strategies, adapt ,adjust and "hone" your trading rules, strategies and skills.
As far as YOU, personally, opening an account with an on-line broker or full-service broker is concerned, you must be at least 18 - MAYBE even 21.
Your parent[s] or guardian[s] may be able to open an account AND THEY would AND WILL be responsible for YOUR shortcomings and losses.
BELIEVE ME: As far as new traders and investors - no matter how young or old a person is - there are ALWAYS looses.
Discuss what you would like to do with those folks and see what they say or advise.
As I mentioned you can learn about trading and investing. As you read and do research about investing you could refer to this free site:
http://finance.yahoo.com
It's recognized by Y! A as a "Featured Knowledge Partner".
http://investopedia.com is also a free site, recognized by Y! A as a "Featured Knowledge Partner".
As you are doing research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before.. You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to Investopedia鈥檚 dictionary.
THIS IS NOT SPAM: You should also read books such as "Investing for Dummies" and other books for the beginning or "newbie" trader and investor.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name! take a look , Good luck
Links
Home Page: http://www.pennystocktrader.net/
Cool Link 2 http://www.bullishpennystocks.com/ |