[Beginner starting out with small budget]

Thank you both for your helpful replies.

I am sorry to bother, I have looked up FTSE on investopedia and read the description, however I am still a but stumped on why you are suggesting I look into FTSE. Does this mean look at markets listed in this list; http://www.stockchallenge.co.uk/ftse.php

and find markets which are a low enough price for me to trade? 

 

 

 

[Beginner starting out with small budget]

Also I don't suppose you could quickly help me understand why I cannot see many of the candlesticks on this chart. It was the same for a few more other charts I looked at. 

 

[Beginner starting out with small budget]

3 hours ago, Caseynotes said:

Hi, yes you are correct in that the regulator has deemed that retail traders must be protected from themselves and so a hefty margin is now required to enter trades. As the price of the asset is incorporated into the margin calculation you will find that a small account will mean the more costly assets such as the big US stocks will be out of reach and so you need to look instead at cheaper UK stocks or even the ftse indices.

Check also the differences between investing and trading and define just what it is you wish to practice as the goals of the two are very different.

Hi Caseynotes,

Thank you very much for your reply I really appreciate you taking your time to help answer my question.

Sorry for not using correct terminology, I am still learning. I am looking into day trading.

I will continue to play around with the virtual £1,000 and see how it is goes before starting to use my own money. 

[Beginner starting out with small budget]

Hi there

I am fairly new to stock trading and have played around on coinbase with bitcoin and there I was able to invest my starting budget of £100-200 however now on IG I can see I am unable to buy stocks of larger companies as the minimum per point is 0.5  does this mean I can only invest in stocks which have a lower price eg ether and barclays and not the larger ones such as tesla/amazon etc. 

I though as a beginner I could start out with only a small sum/budget and was wondering if the only way to buy stocks of the larger companies is to have a much larger budget/portfolio.

I have started on IG demo for now with virtual money (reduced it from 10,000 to 1,000), however when I want to switch to my actual budget (100-200) will I be quite limited?

Any help would be much appreciated! Thank you.