About Online Stock Trading Services

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In regards to online stock trading services, nearly every brokerage will allow a person access to online accounts. Discover how to sit down with a licensed agent when attempting to manage an online stock trading account with help from a licensed financial planner in this free video on the stock market and investing.

Part of the Video Series: Stock Market
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Video Transcript

Hi, my name is Bill Rae. I'm with Alumni Financial Services. I've been in the business in the finance world for well over 20 years and today we're going to talk about online trading services. What are they? Well with modern technology, pretty much online trading services means the ability to do business online. There are many sites out there. Every brokerage will allow you access online meaning that you can open an account and do business with them. However in today's environment and fast pace, unless you truly know what you're doing, as always, we recommend that you sit down with someone who is licensed and a seasoned professional who can give you competent advice. Online trading services are readily available and there's plenty of information out there. Even the Wall Street Journal is now online. Most of all your major newspapers are online. Most your major banks have folks you can talk to. In this day and age, sometimes it might be said there's too much information so when you seek these online services, what we caution you about is don't get caught up on the tip of the day, don't get caught up on information that is not proven or you have not done your homework to find out is this what it says it is. As in everything, understand that when you put money out, you have the potential of losing it. So we always recommend understand the contracts or the agreements you have, make sure you know what it is required of you, when you expect to get your money back and the type of returns you can get. And as always, seek outside licensed counsel. My name is Bill Rae, I'm with Alumni Financial Services and as always, we're here to help you build wealth.

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