Online Stock Trading 101: A Beginner’s Guide
Learn the Basics of Online Trading
Before you get started with any type of investment, it is always important to educate yourself. We hope to help you with some of the basics of investing. Such as how to choose an online broker, understanding the types of stock trades you can start with, how to select the right investment opportunities for you, uncovering hidden costs, and more.
1. How to choose an Online Stock Broker
There are many stock brokers to choose from online, and each offers something a little bit different. When making your decision, it’s important to consider any underlying fees, trading platforms, account types, investment opportunities, and customer service. If you haven’t already opened an account with a reputable online stockbroker, you can find our top recommendations above.
2. Avoid Expenses That Can Cut Profits
The key to successful online stock trading is minimizing your expenses. These hidden expenses can come in the form of commissions and fees. You will want to get to know the most common investment and brokerage fees and learn where to find them to lower your costs.
3. Understanding the types of Stock Trade
When you start trading online, there are thirteen different types of trades available. These include market orders, limit orders, day orders, stop-loss orders, trailing stops, and more. For more information on the types of stock trading and to find our educational guides visit our education center.
4. Trading Stock Strategy Guide
Now that you’ve touched on the basics of stock trading, you can get into more specific and distinct ways you can start investing. Our Financial Markets Trading Guides are an excellent source for all levels of traders. You’ll learn financial terms every investor should know, gain access to our webinars, a calendar of upcoming financial events, plus access to our FREE trading guide eBooks.