The stock market is an excellent way to invest money, and eventually make money. A great and convenient way to obtain stocks is to buy stocks online. Keep reading for guidance about how to buy stocks online to invest money.
Things You'll Need
- The internet
First, you need to select an online stock broker to buy stocks online. While there are dozens of online stock brokers, some of the more popular ones include: E*Trade, Zecco, Scottrade and TradeKing. Most of these sites charge around $5 per trade. These online stock brokers usually have incentives for signing up for their respective site, such as having 100 commission-free trades.
If you are new to the stock market and want to buy stocks online, make sure you research which stocks you want to buy before you actually make any trades. Fully inform yourself about any potential stocks that you want to buy. For example, if you plan to buy and not touch your stocks for a long time, make sure you look into buying a long-term stock, which is relatively stable.
Now, using E*Trade as an example to buy Google stock, head over to etrade.com and search for "Google" in the search box. A stock quote for Google will now show up, tell you the price Google stock in real time. Now, simply hit the "Buy" button under "Trade" and you will be able to buy whatever stock that is available to purchase.
To actually make money, make sure you keep an eye on your investments at all time. If you feel like your stocks are dropping for too long a period of time, sometimes it may be a good idea to sell those stocks while sometimes it is a better idea to keep them depending on the stock and the circumstance.
Tips & Warnings
- Check many stock quotes online before you actually buy stocks online. Researching stocks is the most important aspect to buying stocks on the internet.
- Be aware that some online brokers expect you to make a minimum deposit to set up an account.
- Photo Credit www.southernlandexchange.com
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