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I am totally new to this market and as a student,I will like to know the amount it will cost me to start buying and selling on the exchange plus all.I have only 10k to start.Please I need you help on this.
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yes, no amount is too small. You would either buy from the primary market or secondary market. buying from the primary market can be done by you while buying from the secondary market would involve you having a stockbroker.
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U can use any amount once u see a broker that is willing to allow use that amount to buy. Check the stockbrokers out and ask them to see who will be willing to open an account for you with 10k. However, dont use your school fees oh. Market is for long term 9unless u are trading, and I can see u are just starting out) and u may not get any return for a while. Are u ready to be in for a while?
__________________
Monwowo "The only indisputable truth that the past teaches us is that the future will always surprise us—always!" (Benjamin Graham)
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Quote:
Monowo has said it all...please do not use your school fees for the stock market.
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“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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My own suggestion towards this amount for investing on the platform that you need to mutiple within a while,the ans is forget about it even if you are lucky to get a stockbroker.
I started investing with almost 20000naira with zenithbank,my intention was to invest not to make quick money not until i say zenith going tripple of the capital"THEN" then i started investing big time of almost a million now but reverse might seems to be the case.Am not regreting becos i do not need the money now even i am still buying bigtime due to the fact that this is the time to invest good.SO USE MINE EXPERIENCE TO CHOOSE YOUR DECISION. |
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