Beginner's Guide to Online Stock Trading

Intro | Books | Magazines | Stock Quotes | Charts | Compare Brokers | Resources  

So you've been thinking of trading stocks online but don't know where to start? We will help you get started by providing useful information regarding the basics of online stock trading. Basically, it can be done in 3 easy steps.

Step 1: Choose an online broker

If you have some experience with stocks and are comfortable with making your own investment decisions, then an online discount broker is the best choice. There are many things to consider besides the commissions that are charged. Some brokers may charge higher commissions but offer other research tools which may come in handy. For example, I use Ameritrade because I like their real-time streamers that show stock prices in real time. Others charge low commissions for market orders but higher commissions for limit orders. Click here for an online broker comparison.

Step 2: Fill out the application and fund your account

Check out the different online brokers to see if they require a minimum to open an account. Your account can usually be funded in a number of different ways - wire transfer, check, stock transfer, etc. 

Step 3: Start trading and never stop learning

Keep yourself updated by reading news articles, books, newsletters, etc. There is a lot of information available online at low or no cost if you know where to look.  Don't forget to check our resource page.

Copyright © 2003-2007. Online-Trading-Info.com