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Step 1
Visit the Zecco website or another free stock trading site. There are limitations how much and how often you can trade, but trading is free within those limits. If you are an avid stock trader, you’ll probably want to buy a subscription to another site.
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Step 2
Open an account on the site. Signing up is free as well. True, with all this free stuff flying around, there should be a catch somewhere. The catch is pretty much laid out up front: you can’t trade as much as other people for free.
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Step 3
Buy stocks. It’s a simple two-word sentence, but it’s much easier said than done. Buying stock isn’t hard, but buying good stock requires a little bit of knowledge about the market. Read the Wall Street Journal, watch financial shows, read a book on trading or watch the stock market itself. Do anything, but don’t just jump in there and start spending money. You won’t have any fun playing a game you don’t understand.
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Step 4
Trade your stock as it goes up in value. By paying close attention to your stocks trends, you should be able to tell when it has reached its peak and when it is a good time to trade it. Just like gambling, trading a stock is a sort of “get-out-while-you-are-ahead” endeavor. If you stay too long, you’ll probably lose all you’ve earned. Nothing is static in the stock market.
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Step 5
Contact a stockbroker if you are having trouble trading or are losing money. The worst way to go after money you’ve lost is to do it hastily and without careful thought. A stockbroker will have lots of wise words to impart on you as well as some helpful advice.
Comments
russianbear said
on 6/16/2009 Thank you for a great tip. I have been trading online for a while now but never heard about Zecco. I am going to hit recommend as soon as I finish posting this comment!
MI-Sandi said
on 10/31/2008 Thanks for the "free" tip!