Why not?

Try it and see.. I don't know if share brokers have demo accounts, but you can try it with forex. $2000 is kind of hard to make any serious money with.

alan0686,

1) Use a few K to try it out and then you will know. However, you are NOT allowed to borrow money to trade. If not, you may make a mistake that you CAN NEVER recovered form.

2) Use REAL MONEY. You will not learn this lesson from virtual trading.

Dreamer

the lesser the commision...the more you can earn fr yr trading...even if the stock go up by a few cents...u can still earn...becoz yr commission is low!

i am using 1st trade...the commision is 6.95 per trade...i still think this is quite expensive...if i can get a cheaper i will...

i heard ib...charge like usd1 per trade...but u need 2 pump in usd10k...if i am not mistake...

10k only have never been a concern,
the real concern is there is yearly inactivity fees, something 90usd every quarter.
imagine if u arent trade enough volume, they gona charge you.

regard
normante

So far, both TD Ameritrade and ScottTrade do not have inactivity fees.
TD Ameritrade charges $10/trade and ScottTrade charges $7.

Not as cheap as 1st trade and other low dollar one (eg. zecco).

Just managed to open a new acct with MB Trading..
Not sure what do think of it yet, very plain vanila

This post has been edited by danmooncake: Jul 9 2009, 07:55 AM

sry for kacau u all...
any recommended platform for trading US stocks or forex.
because i want to trade oversea.. lolz
wht are the trading broker that u all use and $ or % that involve..

- name of broker, and background of it..
- wht the minimum charge per trade?
- minimum $ for open account and account must have?
- process of tt or western onion transfer $
- process of withdraw $.. fst or slow, cek? bank draft? etc.

any recommended will good to share out here...

Thank you for the info and benefit to all forumer...

below r my answers :

name of broker, and background of it --> 1st trade...u can take a look at their website
- wht the minimum charge per trade? --> 6.95
- minimum $ for open account and account must have? --> no minimum
- process of tt or western onion transfer $ --> i used maybank2u
- process of withdraw $.. fst or slow, cek? bank draft? etc --> can wire or request 4 cheque...up 2 u...want fast wire...no hurry...use cheque

TQ. very much... i found 1st trade got trade almost all OTC stock..

This thread is very interesting... was thinking and tempted by Citigroup, like alot of people here, but I think I've made up my mind of NOT taking the plunge after reading all 21 pages

I'm on e-trade, account setup by my ex-company for share buying

Any US stock below US$1.00 is worth to buy for long term investment? Some of the stock already went up high price like Office Depot, Inc. (ODP), in March 2009 which is US$0.59 and now went up to US$4.50, missed a good chance to buy.

Any other recommend?

which is ur ex-company?...

i am soon attending in IPOH, a course in US future options trading. there is a preview for my course soon. malaysia is launching some sort of warrant options in August 2009. i think this is the right time to learn the options trading, wth TA. i hope i can share my experience here later.

thanks.

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Added on July 18, 2009, 9:57 pmoh, i forgot. the tutors specialise on selected 30 companies in the US. so far some are trading at some gains.


This post has been edited by mikehwy: Jul 18 2009, 09:57 PM

Options trading can be dangerous, much more than trading or investing. For beginner, better to learn investment part, not trading nor options play.

If want to trade, perhaps just continue to play KLSE where you can 'goreng' safely.
@ NYSE, the execution are very fast and 2x/3x the volatility and if you're trading from overseas and don't have good internet speed, you're toast.


As for low dollar stocks (aka. penny stocks). Most of them are not worth it to buy for long term investments. The reason for their low dollar is because they've already in trouble, nobody wants them or they've financial problem.

FNM, FRE, CIT, AIG (before reverse split) are those prime examples.
It is risky and purely speculative play. They may recover one day or they'll go to zero.
A lot of penny stocks are always being target by day traders and pump and dumpers.
Don't put your money as long term investment on those.

For long term, think blue chips, yes, those are expensive but a lot of these companies will be here
even through the worst of times. Look for those blue chips that have been punished during this down turn, P/E less than 10, zero or low debt, and mostly likely will return when the economy recovers.

GL!

This post has been edited by danmooncake: Jul 18 2009, 11:30 PM

[quote=danmooncake,Jul 18 2009, 11:26 PM]
Options trading can be dangerous, much more than trading or investing. For beginner, better to learn investment part, not trading nor options play.

If want to trade, perhaps just continue to play KLSE where you can 'goreng' safely.
@ NYSE, the execution are very fast and 2x/3x the volatility and if you're trading from overseas and don't have good internet speed, you're toast.
As for low dollar stocks (aka. penny stocks). Most of them are not worth it to buy for long term investments. The reason for their low dollar is because they've already in trouble, nobody wants them or they've financial problem.

yes, i do agree with you that futures trading can be dangerous. but we set the put options at 10 - 15%, and the call at LTPR technique. cannot lose more than we can afford.

as for the KLSE, yes, we make alot since 12th march. with the bourse in hand, i shot them often. so far so good. as for me, currently is a tremendous opportunity to trade, day-trade included. to me, this is once in a 10-year tenure. i hope everyone can make it big this year. ignore what the analysts are saying, we can go quite a long way amidst the current volatility. as for the high beta bourse, yes, this is the opportunity, once every 10 year. hope we all make it.

many thanks for your advise, i will place great care and attention to you words. thanks man.

happy trading.

AIG +4% @ 14.07
BAC +3% @ 16.10

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Added on August 6, 2009, 12:19 amwow, AIG skyrocket +5.77 or 42.75%

This post has been edited by zamans98: Aug 6 2009, 12:19 AM

ya, close at 22.
wat happened?

almost all stocks closed / opened higher again


This post has been edited by syong: Aug 6 2009, 11:13 PM

Any stock call? AIG and CITI shut-up so high now.

Hi,

Anyone of you here who has an account with OptionXpress ? Do you know that the commissions rate for stock is just USD 9.95 per trade (active trader). I saw in the forum is that OptionXpress costs USD 14.95. I see a different in pricing.

Can someone help to clarify this?

How to know it secure when we put the money with them?