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Help a newbie buy stocks! An intro and guide needed on the Stock Market.?


Dear Ladies and Gentlemen,

I am a newbie, who wants to advance to the stock market. My plan is to buy either GPN or Black and Decker stocks. However, since im just a beginner, i do not want to invest a huge amount. And also, i want to avoind those minimum deposits, which most online stock sites ask for. I was thinking of buying a stock per month, so lets say a maximum investment of 50$ per month.

If you are not sure what i am talking about, chek this link out:
http://www.fool.com/personal-finance/gen...

This is the strategy i want to apply. However, i want similar sites who offer that, and must also accept Canadian customers, since i live in Canada.

All the help will be greatly appreciated.
Thanx

The cheapest US brokerages I know of are Zecco (www.zecco.com) and tradeking (www.tradeking.com). Neither will charge you a fee for holding an account open or have a minimum balance, and charge commissions under $5 US. I don't know if you can use them in Canada.

If that doesn't work google 'low cost brokerage' and 'canada' and you should find something.

Also I'd invest a bit more than $50 in a go, just because the commission you pay will be such a high percentage of what you invest.

You are such a sheep just asking to be sheared, it's scary.

TALK TO A BROKER... from your posting it is OBVIOUS that you don't have the necesssary background to be trading on your own.

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