• Home
  • About
  • Recommended Reading
  • Disclaimer
  • Privacy Policy
  • Advertise / Contact

Invest It Wisely

Maximizing your EV in life

  • Home
  • Growing Your Wealth
  • Small Business Solutions
  • Healthy Living
  • Miscellaneous

A Straightforward Guide to Online Trading

By Mich

trading onlineMany people invest their money online. They do this because it is easy and it is a safe way to grow your retirement savings. There are many online trading sites that are trustworthy. These online sites are also designed for the average investor. You do not have to be a sophisticated stockbroker to be able to buy and sell stocks. This article will provide an overview of how investing online works.

Choose an Online Broker

The first step is to choose an online broker. You want one that gets good reviews. There are many different ones out there. The best ones are those that are meant for the casual investor. You do not want an online broker that is meant for professional traders because it can be very complicated. The majority of national banks have their own online investing sites that are discount brokers because rather than working with an individual broker you are able to complete you’re your trading transactions through their online trading.

Setup and Fund Your Account

The next step is to setup your account and fund your account. Then, once the account is setup, you can deposit money. Some places require you to wire money in. Others will let you deposit by check.

Research What Stocks You Want

Now you are almost ready to invest. The important decision is to figure out what stocks you want to buy. You might not want to buy stocks. Some people prefer to buy ETF’s or bonds. Most online brokers have free research tools that will help you decide what investment choice is best for you. If you are looking to invest conservatively and diversify your investments, then you might be interested in an Index Fund. These will invest your money in a large allotment of stocks.

Purchase Stocks

The final step is to purchase stocks or index funds. The important thing to remember is that you want to set a price range. You don’t want to input an order for 100 shares. You must be specific and quote a price range you are willing to pay. If you simply put in a buy order for 100 shares you will pay whatever the market demands. This can end up costing you money. Every online broker offers you the ability to input a limit order. Always purchase stocks and funds using limit orders.

 

Related Posts Plugin for WordPress, Blogger...

Filed Under: Growing Your Wealth, Investing, Opinion

About Mich

Mich is your typical middle class guy with a house and 2 kids minus the dog. He works in the IT industry and likes to muse about how to achieve more for less when it comes to money.

About Invest It Wisely

Invest It Wisely is about evaluating the choices that each of us face everyday. It’s about investing your time, your money, and your energy wisely, in order to achieve your goals. The end goal is maximizing your life expectation, and exploring the ways to get there.

Subscribe!

Subscribe via RSSSubscribe via EmailSubscribe via TwitterSubscribe via Facebook

Most Popular Posts

  • How to Get Fit, Feel Better, and Get Rid of Your Foggy Head: A Few Simple Steps
  • 3 Frugal Ideas for a Romantic Valentine’s Day
  • What Would You Do with a Million Dollars?
  • The Importance of Opportunity Costs, and Why They Should Not Be Ignored
  • What Do You Need to Get out of the Rat Race and Achieve Financial Freedom?

Categories

  • Avoiding Scams
  • Book Reviews
  • Crypto Trading
  • Currency Trading
  • Economics
  • Financial Freedom
  • General Reviews
  • Growing Your Wealth
  • Healthy Living
  • Insurance
  • Interviews
  • Investing
  • Market Analysis
  • Miscellaneous
  • Motivation
  • Opinion
  • Paying Down Debt
  • Philosophy
  • Precious Metals
  • Reader Questions
  • Real Estate
  • Relationships
  • Saving Your Money
  • Small Business Solutions
  • Stories
  • Uncategorized
  • Weekend Reading

Archives

Invest It Wisely Copyright © 2016
Creative Commons License
This work by Invest It Wisely is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License
Permissions beyond the scope of this license may be available at http://www.investitwisely.com/contact