Stocks

Canada
March 6, 2007 12:25pm CST
Is there anyway to buy stocks online if i have 10 dollars in my paypal. This might sound like a stupid qusetion but I just want to play around for a while to learn a bit about them.
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4 responses
• United States
6 Mar 07
No, you won't be able to find a place to purchase any stocks (even penny stocks) online for only $10, let alone via Paypal. I don't know of any reputable online stock brokerages that accept Paypal (because it's so hard to regulate, and the SEC require strict record-keeping). Additionally, $10 likely won't even cover the commission/trading fee, let alone purchase any stocks. There are many stock market simulation sites on the internet, I suggest you use one of these in order to learn more about the market, and continue to save your money to invest in the future. Good luck.
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@AGNJoe (97)
• United States
6 Mar 07
lazywalt is right on the money with this one. I think eventually, maybe one day the market might go this route but that probably years down the road, if ever. I wish there was a place that could do that, but as for now, walt's idea of finding a simulation site and saving your money until you have at least at minimum 250 bucks to work with and invest. I'd recommend scott trade, e-trade, sharefinder, one of those places would be best. Make sure though you check to see which one would be able to take an investment of 250 dollars at minimum or what the minimum would be to invest there first. Good luck!
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• Canada
7 Mar 07
ok.. i have been trading stocks for a little over a year. i doubt that you will be able to purchase with 10.00 in your paypal account. what you may want to do is do a search for free stock practice accounts. there are many out there. you want to look at penny socks as they are cheap !!! down to 0.0001 per share. i use etrade canada to buy and sell but there are many to choose from. if you want to look at one that has really been moving but i believe that the ride up is over on this one.... look at ECFL traded through pink sheets. was worth less then a penny last month and spiked at .05 yesturday... i made a killing on that one !!!! good luck in your trades. !!!!!
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• Singapore
12 Mar 07
If you want to buy stocks, the more realistic figure would be at least $5,000. You can try trading shares with a few hundred dollars but unless your trading system could yield your trading account more winning trades than losing ones, your few hundred dollars will be wiped off when you experienced a few draw-downs. Even with $5,000 to start off with, it's very important to practice strict money management ie. not risking more than certain % of your capital in every trade. You can check out an article I wrote in my web-site :- http://myoptionsonline.com/options-trading-01.html Yours Truly, Tony Chai
• Singapore
6 Mar 07
Here, try this link. I think it may work but you have to do your due diligence. Since I've not tried it myself. www.etrade.com
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