How Do You Do Online Stock Trading?
Online trading is an inexpensive and convenient way to trade stocks, bonds, options, commodities and currencies. Most brokers provide a source of independent trading advice and simulated stock trade systems. Trading is done at the same terms as a standard broker, and statements are usually clear and easy to follow. Commissions run 75 to 90 percent off standard commissions. Decide whether your account will be an actively traded account or more of a buy-and-hold account. Choose your broker among the many hundreds available based on how you will use the account. Open the account and fund it online if possible. Assume that trading will take a few days to actually begin, as signatures have to be verified and funds must clear the bank. Use the time to familiarize yourself with the account. Do your own research and understand why you are investing. Diligence and following sound trading rules determine success. Understand the difference between technical trading (using price action to determin
