investing

ssmith6287

Hi, Im looking at the stock markets for the last year or so. Evrything I've taken note of has ballooned in price. Now I know it might be a similar case of you can pick 10 horses to win and they will if you don't back them but id like to start investing, even on a small scale. Is there a way of doing this without haveing to invest too much. Was looking at Rabbo but not sure if i can pick what id like to invest in? Any advice?

I.S.T.

ssmith6287 wrote: »

Hi, Im looking at the stock markets for the last year or so. Evrything I've taken note of has ballooned in price. Now I know it might be a similar case of you can pick 10 horses to win and they will if you don't back them but id like to start investing, even on a small scale. Is there a way of doing this without haveing to invest too much. Was looking at Rabbo but not sure if i can pick what id like to invest in? Any advice?

If you don't have the insider knowledge then you may as well go to a casino. Be very careful or you will get burned badly. I recommend going to a trading site and setting up a trial account and trade with fake money to see how you get on.

ssmith6287

is there anywhere were i can maybe invest €50 and see how I get on. tried the fake money thing and it wasnt accurate

I.S.T.

ssmith6287 wrote: »

is there anywhere were i can maybe invest €50 and see how I get on. tried the fake money thing and it wasnt accurate

You would need a lot more than €50 to invest. Any profits you make will be eaten up by fees charged by the broker. I think they charge in the region of €30 per trade.

ssmith6287

ah rite so theres no way of testing it relatively risk free to see if you like it

PCPhoto

try paddy powers trader site - you might need more than €50 ...but cheaper than brokerage fees

deco1610

IrishSpeedTraps wrote: »

If you don't have the insider knowledge then you may as well go to a casino. Be very careful or you will get burned badly. I recommend going to a trading site and setting up a trial account and trade with fake money to see how you get on.

What does this poster mean about having 'insider knowledge'? Into how these systems work, or the individual market potentials of particular stocks you might want to invest in?

Gloomtastic!

deco1610 wrote: »

What does this poster mean about having 'insider knowledge'? Into how these systems work, or the individual market potentials of particular stocks you might want to invest in?

All of the above! But it usually means you have information about a particular stock that nobody outside the relevant companies would know. Also called Insider Dealing.

Fentdog84

IrishSpeedTraps wrote: »

If you don't have the insider knowledge then you may as well go to a casino. Be very careful or you will get burned badly. I recommend going to a trading site and setting up a trial account and trade with fake money to see how you get on.

If you dont know what you're doing then yes it will be like going to a casino. There is many different kinds of investing and trading and lots of stuff to know so you need to take the time to learn. Read some books on investments, take a course, do a simulated account online for at least 6 months and play as if it was your real money. check out www.investopedia.com to get you started. it is possible to make an income from trading online but you need to be patient, give it time as you practice but remember stock markets are a constant learning curve where you will never know everything, but the more you learn the easier it becomes and the more money you can make.As regards insider information forget about it unless you become a professional and go to work somewhere like London or Frankfurt as an investment banker or broker. But if you work for a company or have a friend who works in a company thats listed on a stock market take note of what goes on at the company e.g new products coming, takeovers, yearly projections etc because you could have the insider information!

EDIT: You will need a reasonable amount of money to get started, probably at least 5-10K other wise anything smaller your profits will only get eaten up by brokerage fees as you trade.

okiss

I would invest with rabbo min €100 - you can invest more than this also and you can set up a feeder account that pays €100 plus a month into a certain fund or funds. If you want to invest €5000 plus tdwaterhouse.ie offers €20 standard trades and €15 per trade if you are doing a lot of trades.
They also have information on this site re trading.
Hope this is of help.

elizaphilip

if you want to invest then wait until share market price drop

freeze4real

First off I believe this was the wrong place to ask your question. Your better off asking the guys in the investment and markets section.

Yes €50 is to small to start an investment with. Before investing in the stick markets you've to know that company you'll invest in and why you will do so e.g. Apple because their share price might go from 325 to 500 ( hypothetical assumption)

You must have a through knowledge of what you're doing because the risks involved are great if you don't know what you're doing.

Secondly deciding who will be your broker. IMHO the brokers in Ireland are expensive and are not worth the price. Before Choosing your broker you must know their fees commissions what type if markets they can offer you e.g stocks from NASDAQ. NYSE ftse100 Etc.

Online brokers are the best in my opinion because it's give you more control and flexibility.

So €50 is very small to be in the safe side if you can start with a €1000 only if you know what you are doing.

wylo

as someone currently getting into trading and investing, i know alpari uk do micro accounts, min deposit $200, you can trade very small amounts. Demo accounts are great but its often said you dont learn any of the pscyhological aspects.
Trading/investing is something you must give alot of time to, there is a 4 step plan here:
http://www.trade2win.com/boards/trading-faq/30625-i-m-new-trading-where-do-i-start.html
if you dont have the patience or passion to go through that then you will not be cut out for trading.
After reading alot i see its taken some people years to be fully profitable from trading.

One of the main things you will have to learn is whether your going to be going the technical analysis route (studying charts/patterns/using indicators), or the fundamental analysis, (analysing financial statements, paying attention to the news.), either way your going to have to get to know both sides of it though.