I want to make some money buy buying/selling stocks online through etrade but im only 17 and have no idea how this stuff works.
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3 Comments
“I want to make some money…” “…have no idea how this stuff works.”
I’d recommend first trying your hand with a stock market simulator. Below is a link to a free one from Investopedia:http://simulator.investopedia.com/home.a…
Unti till your 18 you will need a parent or guardian to sign for the account. I would suggest that you use an UGMA account for when you do turn 18 the assets in the account become your.
I would suggest learning the topic initially prior to trading securities. You can learn a lot about investing online. Try wikipedia, cnbc, and other business sites. You have to be 18 to open an account. Your parents could open it in their name and you could trade under that….just stay away from options if you don’t know what you’re doing…
Good luck!