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You average 5 trades per day, so if you have 20 trading days in a month, you make 100 trades per month. 50 of them were profitable: 50 x $0.15 x 3000 shares = $22,500 50 of them were unprofitable: 50 x $0.10 x 3000 shares = ($15,000) Practice trading before you put real money in. Some websites such as ScottradeELITE, SureTrader, and OptionsHouse offer a virtual trading platform, where you can experiment for a while to assess your instincts without putting actual money in. Of course, you can’t make money this way, but you also can’t lose money! Yes, investing apps will need you to invest money, but you don’t need to pay anything to access your own cash. If you’re unsure of whether an app is legit, it’s better to be safe than sorry If you don't plan on day trading, but you still want to make a living trading, you'll need to make every trade worth more. Since you won't be able to execute as many trades, each trade needs to be for a significant sum—and the more money you put into a trade the more you expose your portfolio to risk. One reason traders might lose money is the absence of a solid trading strategy. Simply looking at a chart in hindsight is not an effective way to create a profitable plan. If you develop a robust strategy, it can be used in many market conditions and can even inform you when to stay out of the market because the conditions are not favorable. Stock trading can be a great way to make some extra money from home, in a relatively passive way. You can get started with stock trading for as little as $100. Why not give it a try? Another free option: Trade stocks with WeBull. WeBull is a free commission trading app with many benefits and features that make it superior to similar trading apps. Still, many traders seem to be confused about mobile trading, and we hear a lot of people wondering if you can make money with trading apps. Now, while the trading apps themselves aren’t going to make you any money, they can be used as a tool to make money with the right strategy and some basic knowledge. So in an attempt to clear things up, we’ll walk you through what’s needed to use mobile trading apps to make money. Conclusion: There Really Are Apps That Pay You! Yes, you can turn your smartphone into a money making machine by installing a few apps. Hopefully a few on this list were new to you and you decide to give them a shot. Feel free to report back on your results in the comments below to help future readers! Trading apps are a great way for traders to make money on-the-go, and many are so advanced, you get the full experience of day trading right in the palm of your hand. But can you lose money with them?
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