Could I make money trading stocks online with an investment of about 300 bucks?
Answer:
You can't really do much with $300. And in the current market situation, the odds of you making more then a 10% profit on your investment over a year is tough.
Personally, I would trot down to a casino, drop $300 on the roulette table on black. If you win, you got $600 to invest.
Either way, never EVER gamble with money you can't afford to lose. That especially applies to the stock market.
Unless you are a true genius at trading stocks, $300.00 won't last you 5 minutes. Hope I am wrong. It doesn't take special software. There are several companies to trade through . but I ain't going there. Just goggle them.
$300 is very less money to begin investing in stocks. Here's some calculation:
Say you got interested in a $20 stock.
You have to account for Brokerage fees: best about $7.
so all you can buy is: $293 worth: so realistically: $280
So you bought 14 stocks of $20 = $280
Now you want to make a profit and sell it..once again brokerage fees: $7.
So have to make about about 14$ more just to cover brokerage and then you shall make any profits.
All in all it is difficult, each $20 stock should rise to $22 for you to make any money. that's 10% rise.and you dont get lucky everytime with that kind of gains.
Imprtantly most brokerages wont let you even have an account for less that $500.
Some good suggestions:
buyandhold.com . can buy stock for very less money and can invest as less as $20 a month
moneypaper.com...can avoid brokerage fees altogether in DRIP's (Dividend Reinvestment Plan)
Mutual Funds .. Look for No-Load Mutual Funds..some allow you to start with as less as $100.
Short answer, NO !
goto http://stockmarketstrategy.blogspot.com. and I think software links are on the right hand side.
I hope this helps!
I found some good info here.
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