How to start investing on the stock market, starting with opening an account?
Question:
Answer:
Well first you need to find a broker. Like ameritrade, scottrade, e-trade, td waterhouse, shwab, ect.
Personally I use scottrade. only $7 to make a trade unlimited shares, market and limit, no maintenance fees, no inactivity fees or any fees unless you specifically use a service that has a fee, but you will know before you are charged.
Then once you have contacted a broker and opened an account you can start making trades. The key to success is to make an inversting strategy and follow it. A strategy can be anything, like you might buy stocks between 5-10 dollars, volumes greator than 1 million on a 3 month avg, that have recently had management changes. You then take that list of companies and choose the best one/s. You may also want to diversify by buying companies with negative correlations to decrease risk. But you can do what ever you want.
For more information call scottrade they have people sitting around that can answer any question you have about investing, even if you don't have an account.
go to any bank
You can do online stock market stimulation games which is the same as buying stock but they dont count. Go to www.smartmoney.com and open an account you can buy as many stock as you want because the money is not real once you get the hang of trading and investing in stocks and are comfterbile with putting your own money in than you can go to such sites as ameritrade.com or scottrade.com, Investing can be highly complex but once you get the idea its fairly simple to understand and make money from. I advise you to fully understand and do you hw on the stocks your about to buy look at there financial reports to predict there future.
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