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Trading on the stock market.

Join Robinhood and we'll both get a share of Stock like Apple, Ford, or Sprint for free. Make sure you use my link.

http://share.robinhood.com/ronw8

So now you're seen the link...  here's the scoop.  I was always fascinated by the stock market.  Always wanted to try my hand at it.   The problem was, and still is, the online brokerages have minimum deposits that were too much for me.  Then the fees they charge seemed too expensive.   I never tries trading, but never lost my interest.  

Someone I know had just opened an Account with a large broker and was talking about trading.  It rekindled my interest again.  I started researching online brokers, all their fees and commissions, and I found Robinhood.  No fees, no commissions and no minimum deposit.   I researched them, felt like they were legitimate and took the leap and opened an account.    Opening the account was easy.  They do need your social security number, for tax purposes, and a checking account to transfer money in and out of.   I know, sounds like a scam.  I thought so too at first.   So here's what I did.  (I know this sounds paranoid)  I opened a checking account for the sole purpose of trading.  I deposited a small amount of money and my adventure in the stock market began.  

Here's the low down on Robinhood.  They really don't charge and fees or commissions.  Buy 1 stock, if it goes up 25 cents and you sell it, you pocket the quarter.   Obviously you want to make more than a quarter, but you get the idea. 

Robinhood does not have each and every stock out there. They do not trade in foreign exchanges or over the counter stocks.   It does not offer all the bells and whistles of the larger brokers.  No charts, no deep diving research tools, just free trades.   You can find all the research tools elsewhere for free if you want.  

How does Robinhood make money you ask.    They offer "Robinhood Gold".    It's a margin account.  Basically you deposit  $2000, sign up for a "Gold" account and they make your $2000 so you can buy $4000 worth of stock.   For that margin they charge a monthly fee.   Personally I don't use that service, it's not for me and it's not required.   

So, do your own due diligence.  Check out Robinhood and if you decide to give it a try for the first time like me or if you already trade with another broker and want a second account with no fees click my link above.  When you open your account we'll both get a free stock.  

You may make some money, you may lose.  It is after all the stock market.   as for me, I'm up a bit and having a lot of fun learning, researching and trading stocks!



This post first appeared on Microcosms Of Insanity, please read the originial post: here

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Trading on the stock market.

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