Stock Trading

Photo by Spigoo

I have been interested in Stocks for a while now, and I’ve decided to enhance my learning in stocks by doing the great art of “Paper Trading“. Paper trading is when you choose a specific amount of imaginary money and you start to buy stocks.

The way paper trading works is, you use your imaginary money and start investing on any company that you want, there are no rules. You must give a commission fee to your broker, usually this amount is $10 dollars, but if you want a better challenge then try a $20 dollar commission.

The reason why I’m paper trading and not actually investing is because it usually takes about $500 to begin investing. This $500 is kept in your broker’s account and is available for you to use and withdraw at any time. And since I’m 14 and have no access to a credit card, I can’t risk loosing $500 dollars that I don’t have. Paper trading will teach you that trading is not as easy as it sounds, and it actually takes effort from your part.

I will be posting my experiences with Paper trading very often and I will be reading various books on Stock trading in my free time. I’m hoping that if I keep devoted to stocks, I will enhance my knowledge in them so I will be able to post tutorials to share my thoughts with you, my loyal readers.

And since this is a Make Money online blog, I’m hoping this won’t drive you away as this is just another way to make money both online and off line.