quote:
Originally posted by beefcake:
i am just getting into the game and looking for a decent broker. i want to start with about 500 if it last longer than a few days i will play with another 500..just trying to build it up a little and mainly to learn. i guess you will not learn until you lose a little first..ok question 1> is penny and micro good stocks to mess with if you only want to invest a few hundred at a time.
2> which would be the better broker to use
3>where can i get tools like calculators and is reading candle sticks necessory in order to make a few bucks
thanks any info will help greatly
1) penny/micro stocks might turn your 500$ into 5000K in 2 days(not typical)
That is where you could see the biggest gains out of your money. But obviously you could lose it too.
The chances of seeing a 1000% return on your money in a week on stocks over 1$ is very, very rare. But I have seen this happen many times with penny/micro cap stocks.
2) Look for a broker that doesn't charge fees for having under 2k invested.
3) What kind of calculators, and no you dont necissarily need to be able to read the charts in order to make money. Although if you are capible of reading charts, you might be able to pick up on certain trends and breakout points. But there are many people here who often alert people on what the charts are saying.