Online Stock Trading 101: A Beginner’s Guide
Learn the Basics of Online Trading
Before you get started with any type of investment, it is always important to educate yourself. We hope to help you with some of the basics of investing. Such as how to choose the best trading apps, understanding the types of stock trades you can start with, how to select the right investment opportunities for you, uncovering hidden costs, and more.
1. How to Choose the Best Stock App
There are many stock apps to choose from online, and each offers something a bit different. When making your decision, it’s important to consider any underlying fees, trading platforms, account types, investment opportunities, and customer service. If you haven’t already landed on your ideal app, you can find our online trading apps review above. This will be your first step to finding the right share trading app.
2. Avoid Expenses That Can Cut Profits
The key to successful online stock trading is minimizing your expenses. Hidden expenses can typically be found in the form of commissions and fees. You’ll definitely want to accustom yourself to the average investment and brokerage fees in order to steer clear of excessive costs. And while the best stock trading app isn’t always free, you may find it more than worth the investment – if you budget accordingly.
3. Understanding the types of Stock Trade
When you start with trading online, know that there are thirteen different types of trades available. They include market orders, limit orders, day orders, stop-loss orders, trailing stops, and more. For more information on the types of stock trading and to find our educational guides visit our education center. But don’t worry: most investment trading apps will help steer you through the different trades you can make.
4. Trading Stock Strategy Guide
Now that you’ve touched on the basics of stock trading, you can get into more specific and distinct ways you can start investing. These Trading and Investment Tools are an excellent source for all levels of traders. You’ll learn financial terms every investor should know, gain access to our webinars, a calendar of upcoming financial events, plus access to our FREE trading guide eBooks.