Buying and selling securities via the internet, also known as “Online Trading,” became extremely popular in the late 1990s when people’s access to the internet became fast and easy.
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Many people now use the internet as their primary source for buying, selling and trading investment securities.
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Online trading has given anyone (who has a computer, enough money to open an account and a reasonably good financial history) the ability to invest in the market.
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You don’t have to have a personal broker or a disposable fortune to do it, and one can make (or lose) vast sums of money from trading stock listed on one of the many stock exchanges around the world.
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Pre-Requirements to start Online stock trading –
In order to get started in the world of online stock trading, you would require : –
* An access to a computer
* An Internet connection
* Money to invest
* Opening of an account with an online stock broker.
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Other than that, you should also have to have the :
(i) know how of when to buy and sell stock, and
(ii) an investment plan in place that matches your selected stock purchases.
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An Investment strategy you should adhere to :
Online stock brokers rarely provide clients with advice on which stocks are buy/sell/hold recommendations or some offer off-line services for this.
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Consequently, if you are new to stock trading, you may wish to avail yourself of this service, otherwise you will need to research your stock buying/selling options yourself.
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Otherwise you can do some research to determine which brokerage company will be most suited to meet particular needs.
There are dozens of online brokers on the web.
Do your research properly and find the broker who fits your specifics needs as well as possible, and then open your account.
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Types of online stock traders
Basically there are four types of online stock traders:
(1) Long-term traders – who hold their shares for one or more years
(2) Medium-term traders – who hold their stock anywhere from 1 month to six months
(3) Short-term traders – who ordinarily hold stock for a week, but this can be up to one month
(4) Day traders – who buy and sell stock in the same day.
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To start Trading Online
Once you have opened your account with an online stock broker,
a) Complete the registration process. Give all of the relevant information, such as your name, PAN card number, Address, and other information the brokerage site will ask you for.
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b) Fund your trading account and deposit your money with them.
c) Acquaint yourself with the menus and trading screens your broker has created for you.
Take their online tutorial or watch any “beginning investor” videos they site may have prepared to expedite your learning curve.
d) Buy your first stock. Choose the company you want to invest in. Input the stock symbol it trades under, input the amount of shares you want to buy, and click “Execute.”
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Well, opening an online stock trading account is easy, requires just a few clicks of the mouse and a few signatures, then you’re ready to go.
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To Know more about the Online Trading Platform and To start doing it, Click Here 🙂
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