ON-LINE TRADING (DAY TRADING)

By tdb89436, February 4, 2014

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

HELLO, 2-3-14
Can you give me some advice on how to set up a “Paper Acct”. From what I understand that is just like a real on-line trading acct. except it does not use real money. Its purpose is to learn & practice on-line trading—before using real money. I want to manage my 401k money myself—make my own trades, some short term trades (day trading), in only the market(s) I am most familiar with (gold/silver) 3d printing (esp. penny stocks), and a few long term investments. I understand the basics of how to attempt to find the right stocks, but I know nothing about the “mechanics” of actually making a trade, from my home computer. I know there are a lot of “Day Trading” courses out there, but most are too expensive for me & I think many are rip-offs. I know I could learn this fastest by just setting up a practice acct. (Paper Acct).
I would very much appreciate any suggestions or advice—Thanks Tom.

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