Share dealing from home

RaiderHammer

MEM62 said:

RaiderHammer said:

wmb194 said:

RaiderHammer said:

Hi,  I am thinking of dipping my toe into share dealing and started to explore online but thought it would be wise to ask for some real life stories.  Is anyone doing this from home please?

What is the minimum ideally to invest to try please?

I read there are some free of charge practise platforms, as anyone used any please and recommend?

Any tips or any other information would be very welcome.

Thank you for your help.

Well, you just open a brokerage account and get going. Look at Freetrade and Trading212 for very cheap options.

Beyond that you need to think about what you're going to buy and when... I'm not sure what you're really asking: are you talking about quitting your job and becoming a day trader or just beginning to look into investing in general?

Long term is no problem but would pull the value out if I see an increase.  

For what reason?  Do you have a strategy for the money you pull out?  Pull out and you are not making any further gains.   

Yes its a risk but pull could also work the other way if I feel the share is likely to drop.  What I meant was I can be flexible with the term and judge the market the best I am able to.

Albermarle

and judge the market the best I am able to.

Good luck with that !

adindas

RaiderHammer said:

MEM62 said:

RaiderHammer said:

wmb194 said:

RaiderHammer said:

Hi,  I am thinking of dipping my toe into share dealing and started to explore online but thought it would be wise to ask for some real life stories.  Is anyone doing this from home please?

What is the minimum ideally to invest to try please?

I read there are some free of charge practise platforms, as anyone used any please and recommend?

Any tips or any other information would be very welcome.

Thank you for your help.

Well, you just open a brokerage account and get going. Look at Freetrade and Trading212 for very cheap options.

Beyond that you need to think about what you're going to buy and when... I'm not sure what you're really asking: are you talking about quitting your job and becoming a day trader or just beginning to look into investing in general?

Long term is no problem but would pull the value out if I see an increase.  

For what reason?  Do you have a strategy for the money you pull out?  Pull out and you are not making any further gains.   

Yes its a risk but pull could also work the other way if I feel the share is likely to drop.  What I meant was I can be flexible with the term and judge the market the best I am able to.

In Investment term pull out is "profit taking" so if searching that search word might be more useful to hit a sound advice from professionals. Also in many platforms that function is already built in for automatic execution.

Like others have said, people will need strategy for it, not just because they see the investment is up significantly and selling it when it falls. They might end up with flip flopping and worse "sell low buy back higher".

The core is that whether the "odd/probability" is in the favour of to go much higher or lower in the future. There are a lot of tools that could be used. For short term is mainly the technical analysis and for long term is the fundamental analysis. The fundamental analysis like looking into the balance sheets, revenues, calculating the fair/intrinsic value using DCF,  investigating various useful ratios such as P/E, P/FCF, P/S, CR, D/E ratios, etc depending on the assets in question. It takes time to learn but could still be learnt by many people with average capability. Also the emerging of near zero fees platforms have changed the game.

Also don't forget for quick check people could always look into the analysts/strategists price target, watching news about those assets in question.

But certainly there is no 100% certainty, accuracy in using the investments strategies, tools. People will just need to back testing themselves and make their own decision.

MEM62

RaiderHammer said:

MEM62 said:

RaiderHammer said:

wmb194 said:

RaiderHammer said:

Hi,  I am thinking of dipping my toe into share dealing and started to explore online but thought it would be wise to ask for some real life stories.  Is anyone doing this from home please?

What is the minimum ideally to invest to try please?

I read there are some free of charge practise platforms, as anyone used any please and recommend?

Any tips or any other information would be very welcome.

Thank you for your help.

Well, you just open a brokerage account and get going. Look at Freetrade and Trading212 for very cheap options.

Beyond that you need to think about what you're going to buy and when... I'm not sure what you're really asking: are you talking about quitting your job and becoming a day trader or just beginning to look into investing in general?

Long term is no problem but would pull the value out if I see an increase.  

For what reason?  Do you have a strategy for the money you pull out?  Pull out and you are not making any further gains.   

Yes its a risk but pull could also work the other way if I feel the share is likely to drop.  What I meant was I can be flexible with the term and judge the market the best I am able to.

That is a challenge - even for the experts.  As is often advised, it is time in the market, not timing the market.  When there is a drop in the market you need to ride it out.  In fact, when there is a drop, I put in any spare cash that I have.  The chunk I put in when the markets tanked at the start of COVID has done quite nicely.