How to get started?

I

illtradeya

Hey, I was curious as to how you get started trading with very little money. By very little money I mean about $25 a week to set aside for trading. I am starting a wholesale business off of chinese manufactured goods and work a part time job/go to school. I have no way to procure hundreds/thousands of dollars to invest in various healthy stocks like utlities because they're all hovering around $100. It'd be pointless of me to do this because I'd only be able to afford to buy one or two of these stocks a quarter. I would invest in penny stocks but it's apparently useless as they don't go up much and if im not mistaken, most brokerages have fees that are MORE than the stock being traded...so i'd actually lose money trading these penny stocks (if say the stock is $6 and tdameritrade or etrade charges $6-7 per trade)

So what's the point for me? Am I missing something? How are you supposed to get into day trading with very little money?
 
maybe demo trade forex for a year, learn technical analysis, try to apply it, never fund account until consistently profitable
 
Seems you are enterprising enough, why not go full time school and the goods trade. Those 2 ventures are enough work.

Graduate at the top of your class then join a trading firm.
 
Those who are successful went thru the trial by fire. Paper trading is useless.

Those who can trade successfully don't teach. Those who can't trade will teach, write a book or whatever…

I don't mean to be flippant. Unless you're somehow related to a successful trader, he has no reason to teach you. In fact, he has plenty of reasons not to teach you.

Quote from illtradeya:

Hey, I was curious as to how you get started trading with very little money. By very little money I mean about $25 a week to set aside for trading. I am starting a wholesale business off of chinese manufactured goods and work a part time job/go to school. I have no way to procure hundreds/thousands of dollars to invest in various healthy stocks like utlities because they're all hovering around $100. It'd be pointless of me to do this because I'd only be able to afford to buy one or two of these stocks a quarter. I would invest in penny stocks but it's apparently useless as they don't go up much and if im not mistaken, most brokerages have fees that are MORE than the stock being traded...so i'd actually lose money trading these penny stocks (if say the stock is $6 and tdameritrade or etrade charges $6-7 per trade)

So what's the point for me? Am I missing something? How are you supposed to get into day trading with very little money?
More...
 
The reality is that 1) starting a business 2) working part time 3) going to school....leaves you no time to study and invest. Keep socking away the $25 and add to it as you can. When you are finished with school and have more time then start your investing career. You don't need hundreds of thousands...but you do need thousands.
 
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