How do I set up an account to start investing in the stock market?
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Answer:
I set one up through my bank (Bank of America). Because I have a checking account I can make trades (buy or sell) for only 10 dollars each. It is a self directed account, meaning that I make all of the decisions regarding what stocks to buy, sell, etc. But it does offer some basic research tools and so far, some excellent customer service. I have been very pleased and highly recommend it-even though my stocks aren't doing as well as I had hoped;). Good luck.
It's easy. To do it yoruself: Just go to the website and fill out the form. Scottrade is good with it's $7 trades.
If you want to draw on the expertise of a professional, contact a broker-dealer like Smith Barney or Fidelity.
www.sharebuilder.com is good they don't have a minimum needed to get started and they are only about $4.00 a trade I believe
Open a three in one account with ICICI Bank, the three accounts are:
Saving Account
Demat Account &
Trading Account.
They have single form for all these three accounts, within four working days, you can start trading shares. They insist Rs.10,000 initial deposits, but the can be withdrawn after the opening of account or you can start trading with this amount itself.
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