|
Quote: |
|
 |
|
|
WIth 5k you dont really have enough buying power to make much money. Your commissions on trades will eat up your profit. You will need to have significant moves to really take any profit after commissions are factored in.
Therefore you will want to be trading only a small handfull of highly liquid volatile stocks which have at least a $1 volatility per day. High market cap miners are a good bet for that.
Why don't you paper trade for a while till you have a fairly good system set up thats been backtested and proven, then use your 5k as collateral on a margin loan to really boost your buying power? That way you can actually profit more from these trade? Probabbly best to talk to a financial adviser first before you do that as they will have a clear picture of your financial situation. |
|
|
|
|
Okay well i am up to 7500.00 cash and 2500.00 in a roll over and i am going with Etrade for now
We all have to start somewhere and i guess with time i will just get myself up to where i should be