Choosing a Broker
If you’re planning to trade stocks you’re going to need a broker. Online brokerages have transformed the stock trading arena, in doing so, they have provided everyone the ability to take control of their investment potential. Online brokerages provide a distinctive advantage by giving you the tools to be your own trader. Most large reputable online brokerages even provide apps to put the power of trading in the palm of your hand.
Brokerage firms provide a lot of information and advice about how and when to place trades, as well as extensive how-to-guides and reference material on how to use their trading software.
Although we do not endorse any particular brokerage, we do believe that E*TRADE should be at the very top of your list. Scottrade is also another brokerage that provides a good service.
The Next Steps
After you have chosen the brokerage you want to use and created your personal trading account, the next step will be to fund your account. Your brokerage will offer several methods for adding funds as well as step-by-step instructions on how to do so.
Once you have funded your trading account, begin to familiarize yourself with your trading platform. Learn how to place trades, view your account balances, and navigate your trading platform.