Brand new to the forum and have easily lost 5 hours already reading old posts!
I am in need of a little guidance though:
A close friend and I have been playing around on the internet for a while with stocks in a "game" based on NYSE. We are tired of practice and long for the real thing.
A little about us; we are young professionals soon to be earning a comfortable wage although not currently. We are meticulous and our background is medical which predisposes us to fairly conservative and well-reasearched decision making.
We are looking to begin trading in a partnership, at least initially, while our principle is minimal.
I have a few questions which I would love some input from experience.
1. Is there a minimum amount that usually makes starting a portfolio worthwhile?
2. Commsec or another?
3. As this is a partnership (hopefully a lucrative one) is it best to start a Co. or a trust fund or none of the above?
4. Where is a good beginning exchange that would suit our hours (normal working hours) for day trading and should we trade on multiple exchanges?
Thanks, I look forward to passing on our story and mistakes (I'm sure we'll make plenty).