Stock Markets Exposed
How do I do stock trading online??
yeah I was just wondering
Public Comments
- you join broker account (i.e. Scottrade) you sign up with them, establish wire transfer from bank to your new broker account, then you just trade on their website. it's really not that hard
- sign up for an online broker, such as Ameritrade or Zecco, and then deposit money into your broker account from your bank account. From there, you just pick a stock and plan an order. As soon as it is filled, it's yours.
- Open up an account with an online brokerage (Scottrade, E*Trade, Schwab) and put some money into the account. Then login with your user name and password and click Trade. Enter the stock ticker you want to buy and how many shares. By the way, they will charge you a small trading fee each time you do a trade.
- Start with a large amount of money. By the time you get it right, you'll have a small amount of money left, if you're lucky.
- I think the easiest thing is to use a service called Sharebuilder. You can basically build yourself a mutual fund out of the stocks that you like. The fees are typically lower than the other brokerage houses - the going rate for a purchase right now is, I believe, $4. They charge more typical fees on the backend and if you do a "real-time trade." They only execute standard buy orders on Tuesday of each week for the $4 commission. You can buy fractional shares based upon the price of the stock and the amount you want to invest. There is no minimum number of shares to buy. For instance if you want to buy Lockheed Martin (LMT) and the share price is $96 and you only want to invest $48, you can get that one-half share. You can't do that through any other brokerage house that I know of. Also, if the stock you buy provides dividends you can choose to reinvest them at no cost. Hope this helps! Ken
