Joining Stock Exchange

Philippines
November 22, 2012 10:10am CST
Hello to you all fellow mylotters! I've always wanted to join stock exchagne but I don't really know how it works. I don't have much money right now. I know that joining stock exchange would require investment of money. I don't have much and I'm thinking of asking my parents for it. I just really want to try it. Of course I will not be spending so much money. I will only be investing the minimum amount required by the broker. I'm a bit confused about the broker part though. I don't where to start. Buying and selling stocks and stuff. Any mylotters out there who are trading stocks? DO share your experience. I really want to have an overview of the ma
5 responses
@kingparker (9673)
• United States
23 Nov 12
I would like to try it out too, but I just afraid to make a bad decision, that my money will be gone soon. I will not invest too much, minimum amount as required by the market. But still though, you have to watch the news, and everything else on it to make it wise decision either selling or keep it for the next quarter. Have you ever try penny stock, it is a good practice for novice or beginner.
22 Nov 12
Do not invest in stocks unless you want to loose all your cash!! I got burned with this one, I joined up and paid the 250$ min, watched all their tutorials and read all the bumph. I lost it all in under 2 hours!!I did not know what i was doing! Its gambling with your money big time!!
@TeamCholent (2832)
• United States
22 Nov 12
Stay far away from the Stock Market until you have more money to invest, you can afford to lose whatever amount you are investing and also you understand the concept of stocks, bonds and securities(never mind futures). There is a lot of money to be made if you know what you are doing and wiling to start off small and grow from there and also don't get greedy. I myself don't trade in securities and futures but just regular stock. So far I have made a nice amount in terms of profit margin and hope to start investing a lot more and higher sums(depending on the new tax laws here). If you are ready to start investing hit me up as I might be making a blog for this exact topic with ideas and rules.
@elsino91 (440)
• Poland
22 Nov 12
If you want to start trading in stocks but aren't experienced or have a knowledge of it you should first try to gain the knowledge necessary. I understand that you can't learn everything just by reading but try making a habit out of reading macroeconomic news and about things that might affect values of different stocks, commodities and currencies. I think that this combined with practising on a demo version of a trading platform would be a good start and it's something I hope to start doing soon. With a demo version you don't risk any of your own money, just virtual money, so it's a good way of learning without risking your own money when you don't have that much experience. Good luck.
22 Nov 12
Buy stock is buy mindset.if you want money urgently,don't get in stock market.if you worry about to lose,don't get in.if many people around you have maked many money then don't get in.once you find there are nobody caring for stock or hear of someone jump out of the building for stock,then you may start to buy some stock for year, you will surely make profit.