online trading

vinnie13

hi guys i have always wanted to start trading in shares and stocks just for fun 100 here and there the odd 500.
it would have to be online so i could do it quickly and easy,
can i start off with 100 and just buy a few different shares.

i had a trial of forex app to get a idea what to expect seemed pretty ok.
my interest would be oil and currency if possible,
i know i have a lot to learn but theres no better way to start
any help very welcome.
what about charges or will they be included?

arrowloopboy

vinnie13 wrote: »

hi guys i have always wanted to start trading in shares and stocks just for fun 100 here and there the odd 500.
it would have to be online so i could do it quickly and easy,
can i start off with 100 and just buy a few different shares.

i had a trial of forex app to get a idea what to expect seemed pretty ok.
my interest would be oil and currency if possible,
i know i have a lot to learn but theres no better way to start
any help very welcome.
what about charges or will they be included?

Forex and oil ,can you not find anything more volatile to start with ,as a newbie ,that's like a guy starting to drive and buying a F1 car.
Forget about the above and go buy some books ,maybe start with the naked trader series .

BrokenArrows

You can't start reading with just a few hundred. Your fees would be a huge percentage.

For example if you bought 100 euro of shares you might pay 20 euro in fees.
That means you need to make 20% of your shares just to break even.

Save up a few grand and while you're saving learn about trading.

Value Hunter

BrokenArrows wrote: »

You can't start reading with just a few hundred. Your fees would be a huge percentage.

For example if you bought 100 euro of shares you might pay 20 euro in fees.
That means you need to make 20% of your shares just to break even.

Save up a few grand and while you're saving learn about trading.

Best advice you'll ever get to start trading

vinnie13

The forex app I have for the practice acc it buys shares for say 100 and then sell to buyers for 102 the 2 been their cut?
Or is there usually fees on top of this

vinnie13

The forex app I have for the practice acc it buys shares for say 100 and then sell to buyers for 102 the 2 been their cut?
Or is there usually fees on top of this

eeepaulo

I do not use these platforms but am aware of them, they make their money from the spread.

Plus500 are one online trading platform, they give a free €25 sign up bonus, no deposit required. They just make it really really difficult to achieve the cash out level, you have to reinvest (gamble) the money so many times. I have not tried this myself, thats just what their offer says.

But as with bookies if you dont know what you are doing you would be better off just investing in the company, or treat it like a hobby.

vinnie13

eeepaulo wrote: »

I do not use these platforms but am aware of them, they make their money from the spread.

Plus500 are one online trading platform, they give a free €25 sign up bonus, no deposit required. They just make it really really difficult to achieve the cash out level, you have to reinvest (gamble) the money so many times. I have not tried this myself, thats just what their offer says.

But as with bookies if you dont know what you are doing you would be better off just investing in the company, or treat it like a hobby.

That's all I intend is just for fun take a chance here and there I wouldn't be considering putting large sums of cash with the outlook of making millions and retiring early

eeepaulo

vinnie13 wrote: »

That's all I intend is just for fun take a chance here and there I wouldn't be considering putting large sums of cash with the outlook of making millions and retiring early

As long as that is how you are looking at it, you cant go far wrong.

I am ignorant on trading matters though so maybe look for some other opinions here.

rourkem

By the way, make sure to play your cards right. Don't put all your eggs on a single basket. Be advised that a lot of people went bankrupt because of investing a ton here.

ulinbac

vinnie13 wrote: »

That's all I intend is just for fun take a chance here and there I wouldn't be considering putting large sums of cash with the outlook of making millions and retiring early

If your trading just to take a chance then you might as well burn the cash. Keep the demo account going and spend your money on books and reading web forums like Trade2Win, iii.co.uk and ADVFN.com.

As mentioned above The Naked Trade Series is very good and the second book is free on Audio Download on Amazon.

Oil and FX all seem like very "sexy" markets to trade and easy to make money on but are really tough markets and with the amount of HFT and day traders around you could lose your cash on a very quick market swing. Maybe keep the demo account open for the time being, save and read...

We all want to jump in and trade but the best traders keep calm and unemotional. Otherwise its off to the poor house. It feels great to hit the BUY button but some days you need to just glue your hands to the seat.