Stock Markets Exposed
Can you trade stocks for freee or under $5 anywhere?
I am currently playing the virtual stock games online and I am very good at it. If it were real money I'd be rich. So I was wanting to put some real money to the test. However.. what I've been doing in the "game" is trading stocks constantly as soon as I'm up even $20 or $100 on them then buying something else. This is a LOT of trading all day long. The game doesn't have any fees for trading but all the sites I've seen do. This would definitely affect my profit if I was charged per trade. Can anyone help me?!
Public Comments
- theres alot of rules when you start trading with real money you can only make 3 round trip trades in 5 days unless you have $25,000 dollars in your account research.. Daytrading & i f you dont have a margin account than you can only trade about once (sometimes twice) a week because if you have a cash account than you need to wait for your funds to clear but if you have the 25k in your account than your trading strategy will work i use zecco & ameritrade with zecco you get free trades but they dont offer after hour trading
- Zecco offers 10 free trades a month. Be aware though that there are studies that show that people thend to be more successful in virtual accounts than when they start playing with real money. When you use virtual money there is no emotion or psychology involved. When you use real money your decisoins and behavior will change, which may alter your results. Just keep that in mind . . .
- First you have to try peny shares, and search for companies who charges only one monthly payments.
- There's no way to trade for free. You will always be charged commissions and fees. Maybe $7 to $15 per trade on average. You may want to trade forex or futures where the spread / fees could be lower. The trading principles are the same and you don't need to maintain $25,000 balance like you do with stocks. You can open a forex account with only a few hundred dollars. For futures, you'll need a lot more. Either way make sure the company is a member of the National Futures Association (NFA). This means they're regulated and won't steal your money.
