This is a simple query of InvestmentTotal.com reader. Let us discuss this topic today. Online stock trading is simply means buying and selling stocks using a certain medium. Few decades ago, stock brokers are dealing stock transactions using phone. Nowadays, stock broker are dealing stocks through online, wherein the trader is the one who will buy and sell stocks.
Online Stock Trading for Beginners
When trading stocks online, you need email, computer or laptop or even in your smart phone. You need an internet connection, of course make sure you have a fast internet connection because most of the stock broker company sites have heavy bandwidth.
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Guide on Online Stock Trading for Beginners |
| Trading Guide | Photo Credit: John Morgan Under CC 2.0 |
Even though it is easy to create a stock broker account, you need to submit some requirements in the company office. Some of the forms needed to fill out are available in the official website.
Assuming you already submitted the necessary documents to a stock broker company, you have created an account with them and you are able to log in online trading platform. You need to fund your account, after you have funded your stock broker account, start learning and mastering on how to use the online stock trading platform. Some online stock trading platform has a free trading demo before you begin start buying and selling stock shares using real money.
Take advantage to learn and master the trading platform. Things to know are buying stocks, selling stocks, cancelling your order, preview your previous order, show trading transaction history, searching stock quotes and prices, looking for the equity value of your portfolio and other simple things such as editing your personal information and updating your tax information.
You can never perform online stock trading unless you have created stock broker account. In my next post, I will discuss the best online stock trading sites, what are the fees and which companies is the best. See also the best online stock trading and services 2015. So, stay tuned and keep visiting InvestmentTotal.com to learn more about online stock trading for beginners, stock market investing and mutual funds investing.
We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
An important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.