Starting Buying Shares

[davyjones]

Hi all,

I've read quite a bit on this website about people trading shares and quite fancy having a go at it myself. I won't be investing too much to start with maybe £50 a month and see how it goes. I'm still in my twenties so its not too urgent for me to worry about the future.

As i have never invested in shares before i was just wondering if anyone could offer any general advise or pearls of wisdom. I am not after opinions of which stocks look good at the moment as i will do my own research on this. Rather i am after any practical advice that people could offer relating to the best bank to use to buy shares, what are reasonable transaction fees etc.

Thanks

[William Osborne]

Check out uk.etrade.com and see what their fees are although not sure if 50 pound/month is enough as you may have to pay min 10-20 pounds commission even for a online acc. so you would need to gain 20-30 % before you start making money. (thats if you gain !!)

Probably better off putting it in a fixed deposit acc if can get over 6% ?? and wait till you have 500 pound plus and then invest it in stocks.

[sparrow]

Barclays stockbrokers online is 6.50 per trade if make over 11 per month othwise 12 pound max

[Boater]

try looking into inside trading IE new companies that are about to float with intersting products!

or wait till there is another market crash in Thailand, then buy