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Question:

marlon07
marlon07
Student
College - Freshman

What ares the steps that should be taken to buy stocks online?

Please try to answer with a step by step guide!

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Posted by marlon07 on Thursday October 2, 2008 at 8:27 AM and tagged with business, stocks.

Answers:

  1. davep1016
    davep1016

    The following step by step guide should be considered a general guide to investing online only and should not be interpreted as financial advice or as an endorsement of any particular brokerage firm or site.

    1.    Identify the amount of money you have to invest considering that you can lose this amount)

    2.    Search online for a brokerage site whose minimum falls within your allotted capital

    3.    Read the terms and conditions of your selected brokerage carefully

    4.    Open an account with your selected broker (transfers money from your account to your new online money market fund)

    This step is optional depending on whether you have a stock in mind or not-
    5.    Use the sites search tool to find stocks that you would like to purchase

    6.    Monitor your investment.


    Here are some sites to get you started...

    htttp://www.sharebuilder.com
    htttp://www.etrade.com
    http://www.tdameritrade.com

    Rate answer:

    Posted by davep1016 on Monday October 6, 2008 at 12:48 PM