How to Trade with TD Stocks Online
Trading stocks online can be a great way to invest for your retirement and for the future. By utilizing the latest technology, online brokers such as TD Ameritrade put tools into the hands of consumers and give them a platform to learn how to invest online. By registering and funding your account, you can sit at home and trade stocks very easily.
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Instructions
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Register for an account at TD Ameritrade. You will need to provide personal information to register including your name, address, phone number and Social Security number for tax purposes. Their website is easy to navigate and contains educational material about investing in the stock market.
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Fund your account. In order to buy stocks online with TD, you must have funds in your account. There is no minimum amount as of December 2009. Fund the account with a wire transfer, electronic transfer, bank check or through assets held in another TD account.
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Log into your account. You may need to verify your identity with your Social Security number during this process. This is a protective measure to prevent anyone else from using your account. Once you have logged in, you can then start trading.
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Search for the stock you are interested in trading. TD has a great, user-friendly search engine that will give you all of the pertinent information regarding the company stock as well as any news related to the company. This news can help you make a decision to buy or trade the stock.
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Put in a buy order for the stock you are interested in. This will authorize TD to buy however many shares you need on your behalf. They will buy it at the current price and withdraw the funds from your account. You can buy up to the amount in your account and however many individual stocks you would like. You can then track the stock's progress and see your gains and losses for the day after the market has closed.
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Place a sell order for any stocks that you currently own and would like to dispose of. TD will sell the indicated stock and deposit the proceeds from this sale into your account. Since TD has real-time stock trackers, you can watch the price of the stock and sell when you think it is at the top of its range.
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