Quote:
Originally Posted by G
Hi all,
I'm new to this but how do you guys buy/sell? Are you going through banks etc? I want to start with around 1000... Any tips?  |
questrade is a discount online broker - likely the cheapest, $5-10 trades (note i said 'a' not 'a good' i'm with questrade, they certainly have their downfalls, but tey're cheap, and you can do margin, TFSA, RRSP)
$1000 isn't much at all, but its a start, but watch each time you trade, $5-10 is 0.5 -1 % of you current capital, that can add up when you're charged in and out, also watch for US/Cdn exchanges - you can exchange once and keep in US, so keep that in mind. DEFINITELY learn about trading before you start, way too easy to lose money, much harder to make it!