Thanks to online stock trading companies it is now easy for anyone, anywhere to trade stocks online. There are a number of factors to consider before deciding on a trading company. For example:
- researching any and all fees charged (including commissions)
- the company's customer service history (a simple online search for customer reviews will suffice)
- what tools (if any) are provided to customers
- security
- and the company's portfolio
Let's investigate why each of these aspects are an integral part of choosing the right company for you from the sea of online stock trading companies.
Portfolio
The stock trading company you choose should have a wide range of investments available to you in their portfolio. This includes a wide array of stock options, mutual funds, access to the international markets and international stocks, exchange traded funds, availability of savings packages for both education and retirement and a variety of investment services available to customers.
Resources Available
What types of resources are available to you by the companies you are considering? Companies with little-to-no resources may not be the right fit for you. Examples of resources to look for in the company's offerings include:
- stock trading simulators (which help beginners learn about stock trading before they put any money on the line)
- investment plans for education and retirement
- tax advice
- stock research reports
- online forums (to chat with other users and expert investors)
- stock news that is updated consistently
- and automated banking facilities
If a company has few or none of the resources listed above, you may want to keep shopping. There are many online stock trading companies to choose from.
Fees and Commissions
This is a crucial part of online stock trading. Everyone is in it to make money, but you want to make sure that you make money as well. Companies that have large fees and take a great deal of commission may not be the ones you want to go for. Be sure to do in depth research on the fees, commissions and even the required account balance for sign up (to ensure it is within your budget).
Mobility
In this technological day-and-age, it is helpful if a company offers mobile services. With these services you are able to access your portfolio from your mobile phone or other mobile device. Most online stock trading companies support I-phones, Blackberry phones and android powered phones.
Tools
What types of tools does the stock trading company you are considering offer? There are a number of tools that help make trading easier. These include trading charts and graphs, calculators, stock alerts, both level 1 and 2 quotes, search reports, virtual trading facilities and criteria analysis. Each of these tools will serve a purpose in helping with your trades.
Customer Service
As with any company that you are a customer of, choosing online trading companies with excellent customer service and customer support is a must. Great service would include representatives that are knowledgeable, understanding and easy to reach. Many companies offer support via a wide variety of outlets including instant messaging online, email, online forums and traditional telephone contact. The ideal company for you would be one that does not charge for their customer service.
Security
Last, but definitely not least is security. What measures have the online trading companies you are considering set up to keep your information and your money safe? Both your identity and money are at-risk if you choose a company that does not have the appropriate security methods in place. The company should provide a complex, and seemingly annoying, method of accessing the site including complex passwords, secret questions and capture codes (to be sure you are a human and not a computer with hacking software).
It is not advisable to go into online stock trading lightly. Instead, it is in your best interest to do in-depth research on the online trading companies in order to find the company to be suit your needs.
Terry Tran of MasterTraderSpot.com [http://www.mastertraderspot.com], is the chief trader and portfolio manager of a very successful global hedge fund.
For a limited time, claim your FREE copies of the Special Reports "Top 10 Ways to Become a Successful Stock Trader" and "Ten Steps Necessary to Build a Solid Winning Stock Trading Plan" and also receive a BONUS 3 month subscription to the highly acclaimed 'Trading in the Zone' daily trading mindset preparations valued at $197 from Stock-Trading.MasterTraderSpot.com [http://stock-trading.mastertraderspot.com/]. Avoid the mistakes and begin building a profitable trading action plan today.
By: Terry Tran
Sunday, September 30, 2018
Saturday, September 29, 2018
Online Stock Investing - 2 Ways to Utilize the Stock Market
The world is ever changing. Back in the 1900's the stock market was filled with runners and little pigeons that spent their time running back and forth and utilizing phone lines in order to make trades. Now those runners are replaced by fiber optic cable lines and the world of technology. The stock market is evolving with the technology. Now there are a number of online brokerage systems and thousands of people using them everyday. The old way of thinking is still the same....we all want to make some money! I will outline two ways to make some money using the stock market online.
The First Way
The first way is to sign up for an online brokerage account. Something like Scottrade, E*Trade, TradeKing, or Fidelity are a few examples. These companies operate almost 100% online. Step one is to isolate a firm you're interested in and then set up an account. Once you set up an account then you can start looking for different stocks and different ideas. Along with the first way to use online stock investing you will need a strong philosophy. This philosophy will be how you trade. There are different types of traders out there. There is short term trading, long term trading, and day trading. Short term trading is where you'd like to hold onto stocks for a short period of time.
The time frame could be anywhere from 4 weeks to a year. Long term trading is where the investor holds onto the stock or investment for a long period of time. Usually these stocks will have some type of dividend where you can earn money will holding onto the stock. Time frames for this type of stock can be anywhere from 1 year up to 20-30 years or the life of the company. A day trader is something that is very risky. A day trader will purchase a large amount of a stock, hold on to it for a limited time, and then sell the stock to make a profit. These stocks are usually gone at the end of the day. Time frame for this can be 5 minutes to a couple days. Whichever option you chose to use, it takes some time to research and figure things out and hopefully get lucky with the stock you chose.
The Second Way
The second way would be to follow along with a course or a trading school. These courses will do the research, pick a stock, and tell you what to do with the stock. This way is a whole lot easier than doing your own research. Your own research can take hours and hours and maybe even into days. You have so many different items to look at and to figure out before putting in your money. The online stock investing course will then help you pick your stocks. They will tell you which ones have a great chance of going up and which ones to stay away from. Since the research is done, you already eliminated one big step.
The next step in the second way is to follow the instructions of the course and choose your stock. They will help you figure out when to buy and when to sell. I have done this first hand and have made a ton of money with their help. Luckily for you, I found the system that will save you time and money. Check it out here [http://winatstocks.info]! They offer a great money back guarantee if you are not satisfied....plus an extra $200 dollars. I also have some more information if you want to learn more. Visit http://www.squidoo.com/online-stock-investing
By: Michael S. Costa
The First Way
The first way is to sign up for an online brokerage account. Something like Scottrade, E*Trade, TradeKing, or Fidelity are a few examples. These companies operate almost 100% online. Step one is to isolate a firm you're interested in and then set up an account. Once you set up an account then you can start looking for different stocks and different ideas. Along with the first way to use online stock investing you will need a strong philosophy. This philosophy will be how you trade. There are different types of traders out there. There is short term trading, long term trading, and day trading. Short term trading is where you'd like to hold onto stocks for a short period of time.
The time frame could be anywhere from 4 weeks to a year. Long term trading is where the investor holds onto the stock or investment for a long period of time. Usually these stocks will have some type of dividend where you can earn money will holding onto the stock. Time frames for this type of stock can be anywhere from 1 year up to 20-30 years or the life of the company. A day trader is something that is very risky. A day trader will purchase a large amount of a stock, hold on to it for a limited time, and then sell the stock to make a profit. These stocks are usually gone at the end of the day. Time frame for this can be 5 minutes to a couple days. Whichever option you chose to use, it takes some time to research and figure things out and hopefully get lucky with the stock you chose.
The Second Way
The second way would be to follow along with a course or a trading school. These courses will do the research, pick a stock, and tell you what to do with the stock. This way is a whole lot easier than doing your own research. Your own research can take hours and hours and maybe even into days. You have so many different items to look at and to figure out before putting in your money. The online stock investing course will then help you pick your stocks. They will tell you which ones have a great chance of going up and which ones to stay away from. Since the research is done, you already eliminated one big step.
The next step in the second way is to follow the instructions of the course and choose your stock. They will help you figure out when to buy and when to sell. I have done this first hand and have made a ton of money with their help. Luckily for you, I found the system that will save you time and money. Check it out here [http://winatstocks.info]! They offer a great money back guarantee if you are not satisfied....plus an extra $200 dollars. I also have some more information if you want to learn more. Visit http://www.squidoo.com/online-stock-investing
By: Michael S. Costa
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