How can I start trading in stocks in the UK?

Question

I am currently living outside the UK but I would love to trade in the UK FTSE (and other UK) stock market. Please can somebody tell me the steps to follow in making this a reality?

Also, kindly let me know the obstacles to expect and how to overcome them before I can achieve my goal.

Thanks a lot.
Expecting your reply.

Answer 1

Step 1) Visit financial website "The Motley Fool" and use their online guides to learn what you're getting yourself into:
http://www.fool.co.uk/investments/investments.aspx
http://www.fool.co.uk/school/2006/sch060130.htm

There are also a few excellent books available
http://astore.amazon.co.uk/jdcouk-books-21/203-9338484-3266364?_encoding=UTF8&node=31

Step 2) Sign-up for the online fantasy stockmarket game @ http://www.bullbearings.co.uk in order to practise trading & get your head round how it all works without putting your own money at risk (while you're at it start stockpiling your real money to start making your real investments with).

Step 3) Once you're feeling confident enough to do it for real, pop over to the Halifax's website and apply for a "SHAREBUILDER" account, which is both a cheaper (lower commission fees) & more "beginner friendly" way of starting to trade shares for real
http://www.halifax.co.uk/sharedealing/sharebuilder.shtml

Though as you're living outside the UK, you may have to apply to one of the traditional brokers / bank based way of buying shares which charge £10+ commission fees to buy & sell (compared to £1.50 to buy, £5 to sell with Halifax Sharebuilder) and means you have to stick at least £500 - £1000 on each company's shares you buy if you don't want the commission fee to have as much of an impact if you have to sell them again in a hurry (with Sharebuilder you can get away with purchases as low as £20 - £120+).

Step 4) While your application is being processed, use the tools @ http://quote.fool.co.uk to research companies to invest in........ I found the easiest way to find some companies to look up on there is to use the tools on the Bullbearings stockmarket game which divides the market up into sectors, and just type the 3 - 4 letter stock ticker codes (e.g. Royal bank of Scotland = RBS, Admiral Insurance = ADM, Aquarius Platinum = AQP) into the search box there.

Answer 2

Go to you local Bank and ask them if they offer on-line dealing in UK shares or if they can recommend some.

You could also contact an international bank - eg. Barclays or a well established broker in your country of residense.

Be warned that UK Laws and the FSA (Financial Services Authority) protect UK residents only and you will have limited options if anything goes wrong.

I recommend you avoid 'unknown' share dealing sites = there are a lot of dubious operations that may go out of businesses and take you money with them... and there are even more pure 'scam' sites that exist only to steal your funds.

Answer 3

First you need to connect with an international broker that deals in UK stocks. Merrill Lynch is one good one. Next is you'll need to sign-up with them as a client and place some GBP in the account so that trading can commence. Remember, where ever you are, you need to take note of time difference and have good on-line updates on UK stocks to ensure you know what's going on.

Answer 4

It's fairly straightforward - you join up to an internet stockbroker and buy stocks. Each trade costs about £15. You shouldn't hit too many obstacles in the pursuit of your goal.

Answer 5

If you want to make money with binary options then this detailed educational articles and strategy guides. Go here https://tr.im/qUgYP
These will teach you to efficiently trade financial assets and increase your winning probabilities. You can implement these strategies at binary options brokers. The idea is to always choose legit and reputable brokers to avoid being scammed

Answer 6

the best trading software http://tradingsolution.info
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