| As a former financial advisor, I would have never | | | | research and educate yourself about the company |
| recommended a client to go to an online stock | | | | and its financial situation, any recent news, and what |
| trading site. Fast forward to today...If you already | | | | price it is at today and why it's at that price. |
| own stocks and have worked with a broker in the | | | | Now placing your first trade...Make sure you |
| past, you should have an online stock trading | | | | understand simple stock investing basics first. So now |
| account. If you are starting out in investing, you | | | | you know what company you are going to buy |
| should also have some knowledge of stock investing | | | | shares of. Where are you going to buy them? Finding |
| basics before going online to place trades. Now | | | | the right site that you will place your trades on is just |
| everyone can buy and sell shares of practically any | | | | as important as what company you are going to buy. |
| company over the internet. Better yet, you can do it | | | | This too is part of stock investing basics. You want |
| all in the comfort of your own home. It can be very | | | | to be able to find a service that is reputable, has |
| exciting. You can deposit a few hundred dollars into | | | | good support, and is fairly inexpensive. Visit the online |
| your online account and start getting yourself familiar | | | | broker websites to see if they offer what you are |
| with the stock market. If it is your first time, do not | | | | looking for. Once you find one that you like, you |
| deposit a lot of money. | | | | place your first trade. |
| Now lets get started. What company do you want | | | | Now that you have the stock, you must have an |
| to purchase shares of? Very simply, find a company | | | | exit strategy. This is your hard earned bucks you're |
| that you may already do business with. It might be | | | | dealing with. You must have a system for investing. |
| your electric company, brand of laptop, cell phone | | | | Are you going to sell when it goes up 10%, are you |
| maker or provider, shoe maker, toys, tv brands, just | | | | just going to buy and hold for the long term? These |
| to name a few. Once you find your company, | | | | are things that you need to know also before making |
| research it. The worst thing to do is invest in a | | | | the purchase. Never buy or sell with your emotions |
| company just for the name. This is where stock | | | | and keep on educating yourself the whole way |
| investing basics comes into play. You need to | | | | through. |