It’s crucial to educate yourself before you wade into any type of investment or investment strategy.
This beginner’s guide to online stock trading will give you a starting point and walk you through several processes: choosing a discount broker, the 12 types of stock trades you can make, how to select individual stocks, uncovering hidden fees, expenses, and commissions, and much more.
1 Choosing a Broker for Your Online Trading
If you haven’t already opened a brokerage account with a respected stock broker, do it now.
Also, note that there is a difference between a prime brokerage and other brokers.
2 The 12 Types of Trades You Can Place with a Stock Broker
Twelve types of trades are available when you begin online stock trading. They include the market trade, limit trade, stop loss, day orders, good-till-canceled trades, trailing stops, and bracket trades.
Walk through this step-by-step guide to stock trading and find a definition and example for each of these terms.