How do I start to buy, sell, and trade stocks online?

Answer 1

There are more methods of trading than you can shake a stick at. Options, leaps, spiders, puts, calls, spreads, stradles, futures, currencies, equities and on and on and on.

Get some books and some reading. Start paper trading. That means trading on paper only. Not actual trading. Its called practice and you need a lot of it.

I got most of my education the hard way but I also had a mentor to guide me a little. Find your self a mentor who will help you out. You can also look for an investment club to join.

Don't try to learn everything about every stock. Pick no more than 3 and study them very carefully. Most successfull investors are only in a very few things. Its too hard to keep up on everything.

One individual that I know of is in gold and oil only. He makes about 40,000 dollars an hour. He of course has a very large nest egg to work with.

Read a lot of investing books. Most are a real snore. If you can prop your eyelides open and get through some, and then make some profit from it, your on your way. Suddenly its no so much a snore any more. It starts to get exciting.

Start small, work you way up. You can learn as you go. When you have a little money, you can't do too much too sophisticated. As your nest egg grows you will discover your investment knowledge grows. After all if your money is on the line, the more you have the more reason you have to learn FIRST. Lose a few times and you will catch on to what I mean.

Yes you will lose a few times. Get used to the idea now cause its gonna happen.

You should have 3 brokerage accounts. One for high risk things, one for regular trading. And one set in cement safe conservative investing.

Start with your safe account, get it through a full service broker who is located in your area. Some one you can see face to face. Use that for your retirement and the bulk of your nest egg. This will be your fort of strength to work from.

Next a regular trading account for getting in and out of securities and with some limited options writing (covered calls only)

Next open your self an options account for options trading when you are ready.

As you pull in money from any of these ventures move it to your fort. Put it in your ROTH or IRA. Your fort should have just things that have stable prices and regular dividends for growth and income. Once its big enough, you are independantly wealthy. If you dedicate your self to it, It can take about 7 to 10 years to get out of debt and another 7 to 10 to have your income exceed your out go.

I retired at 45. So it can be done. Lots of others have done it too.

Learn as you go, go as you learn.

Answer 2

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Answer 3

Buying and selling stocks on line is EASY. One of the cheapest USA discount brokers is Scottrade. The larger exchanges like Nasdaq and New York only cost you about $7 per trade which is almost $4 cheaper than Ameritrade or E-trade. BUT their cost for penny stocks on the pink sheets are much higher. So if you want to trade penny stocks I would go to Ameritrade.

I would only invest what you can lose entirely while you are learning because you are bound to make mistakes.

If you were to buy the pink sheet stock King Resources Inc. which is traded on the pink sheets under the symbol king.pk it currently trades at 7 cents per share, you would have a very risky investment. I have been trading a long time so I own 700,000 shares because I like the stock, but you should not buy it because you could lose all your money. Repeat, you could lose your entire investment. http://www.kingresources.net

Good luck >->

Answer 4

Go to the website of an on-line trading company, like scottrade, and sign up and send them a check for at least the minimum they require to open an account, maybe $500 to $1000. Then when they get your check they will open your account, you log on to the site and trade. It is very simple and transaction costs are usually very inexpensive. By the way, you can buy and sell stocks, I don't think you can trade them for anything except cash.
You can buy and sell at the market price at the time, which could fluctuate some, but you can also put in a limit price, which means the stock deal will not go through unless the market buy/sell price matches your limits.

Answer 5

Get yourself a newspaper and study trends for at least a month or so. Take your credit card to E-Trade or some place like that and buy what you want. Be careful the brokers don't get all of their pay from you so don't buy stock they advertise just because their numbers look Good. The get paid by the stockholder they are dumping for too. Honestly the stock market is like betting on horses, only you can win with any, of them just maybe not as much as the "best". Patience is another key.

Answer 6

I won't give you any links, but I'll give you some advice which you can either take or leave.

When you start out buying stocks stick with what you know. By that I mean buy stocks in companies with products that interest you. Most people buy stocks trying to outthink the market, very few of them have any money left. Also invest for the long run, short trading makes a little money fast but long haul investing makes alot more money.
Good luck and have fun!

Answer 7

You need to be 18 to trade listed securities. If your parents do it for you then you can sign up to a trading account (best to go with your own bank first). Be aware that there is costs involved, usually between $10-$15 per trade (that is both buying AND selling). You also have to be aware that if you do trade this through your parents account, you will have to be aware that there will be tax implications.

Answer 8

Go to www.investmentz.com. You need to open a trading account for funds movement and a demat account for the share movement. Read the research given by the broker as well as other business news. Co-relate the 02 and if it makes some sense then start buying and selling. - Happy share business !

Answer 9

read, research, learn and understand TA and what you're doing.. you should expect to be able to lose all your trading captial without changing how you eat.. if not, you're already on a path to failure. Only after all this and many months or years of learning, should you even contemplate opening a brokerage account.

would you spend thousands of dollars on something that you didn't do your homework on? Most people do just that .. they think they have some aptitude for trading for whatever reason and then just give it all away to the market. It's nothing short of gambling and anyone who tells you other wise is an utter fool.

Answer 10

Go to Scottrade & request an application.
It requires an original signature so cannot be completed on line.

If you want to shop around you can search for "online discount brokers" . There are a dozen or more. Scottrade is one of the cheapest - the cheapest with same day trading. ($7.00)

I have a Roth IRA with Scottrade.
They have good customer service.

Good Luck!

;-)