John J asked:


I’m 18 and in college with a little bit of money that I would like to find a way to invest in the stock market. Can I use online services with my PayPal account?
Please tell me all the ways I can get started on this and what you would suggest.

FRANKIE

6 Responses to “How can I start investing in the stock market?”

1. Ryan M on December 15th, 2009 1:40 pm

   No you cannot use your PayPal account. You need to open up a big boy account with a brokerage

2. Fx Funds on December 16th, 2009 12:01 am

   Invest in FX Funds Group if you would like to make 2 - 15% per month

   search for myfxfunds in google search engine for more information.

3. Helen on December 17th, 2009 3:48 pm

   First of all, you cannot use paypal account for stock investment.

   Secondly, you need a stock broker to tell you what stock is the best now so that you will not burn your little money

4. tanneth on December 17th, 2009 8:17 pm

   You are quite young so I presume you don’t know too much about the financial markets yet. I think it is important for you to learn more about how the financial markets work for yourself rather than simply put your trust in the advice of financial trading companies. You can then start investing on a small scale once you decide on the type of markets and investment products you would like to invest in and how much risk you are willing to take

   If you are ultimately interested in making a profit from price fluctuations either in the short or long term, have a look at a site called gnutrade.com (www.gnutrade.com)

   The site has a fun game-like trading platform which is great for beginners and lets you trade on markets with small amounts, by trading on price movements. This means you don’t have to get involved with the hassle and extra costs of buying the underlying markets. It also offers a variety of deposit methods.

   You can try the platform for free without signing up so you might as well take a look and see if it suits you

5. Ryan on December 20th, 2009 2:36 am

   You can not use paypal. My suggestion is take it to a bank and get a check from your bank and open a brokerage account. Check this site out:

   Under investment strategies, it has top brokerages, but also it gives free stock recommendations….
   good luck. you cant do anything with just a paypal account.

6. Cathy W on December 22nd, 2009 4:11 am

   You can’t use PayPal. You need to open a bank account and then electronically transfer money or send a check to a brokerage account.

   My friends, families and I are using Scottrade to trade.

   You should consider Scottrade.

   Scottrade.
   NO account maintenance, service, or inactivity fees.
   $7.00 online trading commission for stock over $1.00 a share.
   Tutorial and webcast available to customers.
   Excellent trading platforms (very user friendly).
   Excellent customer service (398 Branch offices nationwide).
   $500.00 minimum to open an account.

   If you do end up opening it with Scottrade, use this referral code: EJVR8926
   You and I can get 3 FREE trades.