Learn how to buy stock here.
This is a great place to learn how to buy stock.
Keep reading and buy the end of this article you will be armed with all the necessary info so that you will know how to buy stock.
So where to start?
Well before you can buy a stock you need to have an account with a brokerage firm. No you do not need a stock broker to buy a stock. You can buy a stock on your own however you have to be connected with a brokerage firm.
A brokerage firm is the company that will process the trades for you. They will hold your stock for you or you can have them send you the actual paper stock. However this is not necessary. So the first thing you need to do is set up an account.
There are many firms you can choose from. Some examples are Ameritrade, scott trade, tradeking.
You should research these companies before you set up an account with one.
Search online for online trading firms and you will find a list.
Setting up an account is easy. You just need to give them your personal info eg. name, address, ssn.
You will also need to deposit money into your account before you can start buying stocks.
Each company has different amounts they require to open an account. The average deposit is between $500 and $1000. You can send a wire transfer from your bank account or you can mail in a check.
Every company will tell you how to buy stocks on their website.
Now that you have set up your account, the next step is to log-in to your account on the brokerage firms website. Some will also make you download software to your computer to facilitate faster trades.
Now go to your brokers website and login.
Take a deep breath cause its time to buy.
Ya its that easy.
Now you just type into the site the symbol for the stock you want to buy and how many shares you want and what price you want to buy them for. Press the buy button and if the shares are available at the price you requested then BOOM. The shares are now yours. and they are in your account.
HOW TO BUY STOCK ONLINE
Now comes the hard part.
Is it easy to learn how to buy stocks?
Knowing when to hold and knowing when to sell.
I’m thinking about putting up a couple of videos that will teach people how to buy stock.
I know that each person is looking for different info. Like How to set up an account with a broker. Or how the stock market works. Newbies need to know the fundamentals.