admin answers:

No you cant.. Unless you have a brokerage account and a bank account in the US already existing. If you do have, you can use ICICI Bank to transfer funds here through a wire transfer (sorry ACH does not exist). But the problem that will arise is, how will you take your profits. Most of the brokerages do not fund international accounts.

admin answers:

You have to open an account and have the money in the account for you to trade stocks. No stock tranding company allows credit card funding of the stock trading since it’s like trading on a margin (on borrowed money from the brokerage). Only the people whose credit has been approved by the brokerage is allowed to trade on a margin and the limit of the “margin” is clearly stated on the margin agreement.

So, the answer to your question is “no.”

admin answers:

Stock trading involves buying ownership of a company. To learn more about stock trading, you should definitely check out some books and online tutorials. I suggest you take a look at Investopedia ( http://www.investopedia.com/ ).

A good stock trading company, or brokerage firm, may vary among different people. Some people might be looking for full-service, where they can get advice on what stocks to buy or sell. On the other hand, others, like me, would prefer a cheaper alternative that also allows them to make their own decisions.

I currently use Firstrade ( http://www.firstrade.com ) and I’ve been very happy with them. They are cheaper than big name brokers such as Etrade and are very reliable and easy to use. I would definitely recommend that you check them out.

admin answers:

I use http://www.scottrade.com – I use it and like it. $7 trades.

Http://www.zecco.com – it offers free trading but I never used it.

admin answers:

No you do not have to be working, you just need enough money to open a trading account. Look on the asx web site and they give a list of brokers.

admin answers:

Brokerage firms are in the business to make money and not to do business for nothing.

It is an expensive item for a brokerage firm to open an account and maintain the records for the account.
They can not afford to open account unless they have some assurance that the customer will be doing decent business and hopefully continuing business.

There are some brokerage firms will open accounts with less of a deposit. You can try Scottrade, TDAmeritrade, E-trade and even Fidelity or Charles Schwab.

admin answers:

Scottrade’s minimum to open an account is $500.00
NO account maintenance, service, or inactivity fees.
$7.00 online (real time) trading commission for stock over $1.00 a share.

For comparison purposes of REAL TIME online trading commissions:

Sharebuilder – $9.95
T.D. Ameritrade – $9.99
Schwab (standard) – $12.95
E-Trade (standard) – $12.99
Buy and Hold – $15.00

Note: Some offer lower transaction cost if you meet certain conditions such as use an investment plan program, or only buy/sell during certain trading windows during the day, or only buy on Tuesday’s, or maintain a certain account balance, or make a certain number of trades per quarter.

I personally do not like any restrictions on my trading.

admin answers:

You need capital to take up those stock you bought until you had made net profit from your trading. Otherwise your gross profits will go to your trading charges.

admin answers:

If you only have $10 to invest you better get your finances in order first.

Never ever open a brokerage account unless you have at least 6 months worth of emergency living expenses tucked away in a savings or a cd at any bank.
“Liquid money” is a must first.

$10 to invest means that you are living in dirt.
Start saving first, get your debts in order, then invest.
——–
I hope Betterment never sees this.
It would be embarrassing for a company to have anyone advertising on here for them.

admin answers:

You need to contact Zecco immediately! Pay the $26,000 or close your account.

When trading on margin you can only borrow 50% of the the amount traded. When you owe them more than that they issue a margin call. If you don’t pay it they will sell your stocks.

As to why the margin is so large, it sounds like you did some day trading. When you make 4 day trades within a 5 day period you are automatically classified as a pattern day trader. You are now required to have a margin account with a minimum account balance of $25,000. That is SEC regulations.

Also, your pattern day trader status will stay with you. Which means you are now stuck with having a margin account and $25,000 balance if you want to trade.

admin answers:

Hi, do yourself a favor and start with investing in Mutual Funds. Once you have $30-50k then you can buy stocks and create a diversified portfolio. Pick mutual funds with a great long-term track record 10 years or more above benchmark returns (Morningstar 4-5). An example of this is Parnassus Equity Income Inv CL(PRBLX). Then, broaden your portfolio to include mid caps and small caps.

admin answers:

Give scot trade a try. I hear they have $7 trades

admin answers:

You could enroll in the Sharebuilder “BASIC” automatic investment plan.
NO account minimum balance requirement.
NO subscription fee for the “BASIC” plan.
$4.00 commission charge using the plan.
Using the plan you can buy stock on any Tuesday that the market is open.
The plan is a dollar based system for investing which allows purchase of fractional shares so you can invest a dollar amount such as $50.00.
Example: $50.00 might get you 4.75 shares of a stock (depending upon the per share price at time of purchase).

Note: The commission for real time trades (buy or sell any day/time during market hours) is $9.95.

admin answers:

All major brokerage firms provide their clients with on-line services, including trading platforms, latest market & financial news and research.

Customer need to select the site that is best for them. Traders have requirements in a site, while investors have other requirements. I use Scottrade for trading equities, Thinkorswim for trading options and Fidelity for investments.

Although most sites are geared to general securities and commodities, however customers may have special needs for the types of products they trade, and the markets in which they trade.

It seems that the most popular firms for on-line investing all of which provide excellent platforms and services are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade and Thinkorswim. I personally use Scottrade for equity trading, Thinkorswim for my option trading and Fidelity for investing.

Just select the site you feel comfortable with, and not one that someone else likes

admin answers:

Anything is possible. My answer was going to be “no”, but then I recalled my own “college daze” and remembered how anxious I was to get into the market. I would have to say yes. You can start with $200 and try your best to leverage yourself upward. The nice thing is, even if you lost it all…you would only be out the $200.

The thing to remember is that the stock market is not the lottery. By simply earning 7.2 percent return a year, a person can double their money in 10 years time. For most of us, that would be just fine. So, thinking of your $200 initial sum…that would mean you would have $400 in total after 10 years. That’s not a lot of money is it? Nope. But that’s how “investing” works. Speculating on the other hand is a whole other ballgame…and you can win big or lose it all.

EDIT: Do not do mutual funds. You will not learn much about stock investing and they are very boring. Furthermore, they have hidden fees that suck money out of your account. You never see the fees, but they are there. They call them “management fees”.

I personally own both stocks that I own for the long haul and mutual funds that I invest exclusively in my retirement accounts. Right now I am actually ahead 5% of where I was in my stocks from the market peak of 2007. My mutual funds on the other hand are still down 15% from the market peak. The moral of this story is two-fold. First, the people that actively manage mutual funds seem to do WORSE than monkeys throwing darts at the financial page. Second, the management fees often eliminate the extra “kick” you get from dividends. BUY STOCKS AND LEARN.

admin answers:

Is there a free super market, or a free restaurant. Nothing in life is free

If you are going to buy securities, you must by law buy from some one that is registered and they will charge you for their services. They have to pay the exchange for executing the orders, they have to pay the clearing corporation for clearing the orders and they pay some one for the storage of the stock that you bought. Brokers have to pay for insurance to insure you securities, they have to pay the regulators to protect you interest and they pay the auditors to confirm that what you bought is still there.

Brokers pay for the priviledge of joining an exchange or registering with the SEC. If you are going to buy securities you must buy from a member of the exchange or some one who is registered with the SEC.

If you don’t like “paying to invest or letting you get in the “game” find a “game’ that does not charge you for playing..

admin answers:

Sir,
Since I find you look quite desperate in your intraday trading, I would like you to give some tricks of the trade. Of course free of cost !!
1. Don’t try to take a big hand in one shot. BE A SCALPER.
It means try to do small trades and take small profits in maximum number of times in one trading session. You may incur loss also in several small trades. But the cumulative effect of the total sum may give you the required profit for the day.

2. Use Intraday charts for seeing the trend of the stock chosen. E.g. From icicidirect, yahoo finance etc.

3. Never try to trade against the trend of the stock & the market.

4. Always remain watchful for the overall effect of the market/index on the stock chosen.

5. Before starting the trade or choosing the stock it is always wise to watch it’s previous charts and graph to find out it’s (a) pattern of movement, (b) range of movement, (c) trend of movement and of course (d) support and resistance level for every range.

6. Always try to trade between the support and resistance level.

7. Always use limit prices and stoploss if possible.

And Lastly
8. Be confident, dececive and don’t get emotionally attached to the stock.
9. Don’t ever try to defeat or control the market or the stock or even never be revengeful to them.
10. Choose the stock whose trading volume is large i.e. It should not be <75000.

If you find all these things difficult and want that someone should feed you the "paka - pakaya khana". Then you should try the following website. It is all free :

"www.sabfreehaimamu.com"

Best Of Luck and
Wish you a very happy and PROFITABLE New Year!!

-- Nitya

admin answers:

Not to doubt what you ar esaying, but if you are looking for free sites to give you flags to buy and sell stocks, then I highly doubt what you are doing is actually day trading.

Whatever the case maybe however, I know of no free site that will do this for you. Vector Vest offers this service for a price. You can purchase a download of stratasearch’s tools. $600 for a platform that will not trade stocks however will allow you to edit and backtest strategies for finding entry and exit points for any underlying security.

Good luck with your day trading career and if you have any questions or wish to discuss strategies feel free to shoot me an email.

admin answers:

You can get chats in the YAHOO FINANCE web. You can also get the charts from the your dmat account provider.
But no suggetions are given or provided in those charts.
Happy and safe investment.

admin answers:

Www.vectorvest.com is a really good site. You just type in a company quote and they send you a report with complete analysis of the company

admin answers:

ThinkOrSwim (TDAmeritrade) has a paper trading demo available. They have Stocks, Options, Futures & Forex. Keep in mind…. The results in any demo/paper trading will never give you an indication of what your true results would be with real money. This is especially true the lower the price of the stock & the shorter your time period.

admin answers:

I strongly suggest you to leave the stock trading to the Experts.

If you need help with your investments there are many Financial Advisors or Portfolio Managers that can help you.

If you trade on your own it is very likely you will lose money.

I can advice you too.

If your car brokes you don’t fix it yourself. Do you?

admin answers:

Interesting, of course there really isn’t any gains or losses till you sell but it would be customary to display an estimate of gains or losses based on current market prices.

admin answers:

Yes, there are plenty of virtual or “fantasy” stock market games available and they will allow you to test strategies and to become comfortable with both buying and selling stocks online. They are nearly all free to sign up and most offer prizes so it’s worth having a go.

Understanding how the stock market works is a bit like trying to eat an elephant – the only way to do it, and succeed, is a little piece at a time.

Remember risk and money management are the keys to success. If you lose all your trading capital you are out of the game. Most professional traders risk no more than 0.5% to 1% of their trading capital on each trade, in effect, this means you can get 100 to 200 trades wrong and still survive- just!

Good Luck.

admin answers:

Moneybhai.com online trading game

admin answers:

Investopedia is an online stock simulator and it is free. It has helped me out a lot since I’ve been trading. My trading skills have definitely improved.

Http://www.investopedia.com/rotate.aspx?invsection=home&backurl=http%3a%2f%2fwww.investopedia.com%

admin answers:

Great question.

Forex Yard provides trading of currency and commodities. Here is a review of their service which you can demo for free….

admin answers:

Hey Prithvi,

You need to have a online trading account. There are many players in the market today. Looks for the best one with low brokerages and good service.

More details on what is Demat and online trading account help. Refer http://www.demat9.in/

admin answers:

Ive sourced a link below to some practice accounts – here you will be able to trade with virtual money and have hands on learning approach to trading stocks.

admin answers:

Virtual PC from Microsoft will do what you want. Especially if your needs aren’t too demanding (tends to be a bit slow, compared with a “real” PC).