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how to buy stocks
How to buy stocks
Buying a stock especially that first time you become a bona fide part owner of a business deserves its own celebratory ritual.
Open an investment account
Opening an account is as easy as setting up a bank account: You complete an account application, provide proof of identification and choose how you want to fund the account. You may fund your account by mailing a check or transferring funds electronically.
So how do you find a broker that’s worthy of your money. It’s not just about finding the one with the cheapest trading commissions. Paying a few bucks more per trade at a company that provides high quality customer service is worth it, especially at the start of your investing journey.
Some other things to consider:
Consider the broker’s offerings of educational tools, investment guidance, stock-trading research and access to real, live humans via phone, email, online chat or branch offices.Consider to go through an online or face to face. After evaluating the stock, then you can decide on purchasing the product. Start with a small amount then after you can put more. You are now comfortable. You know the risks and gains.
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There are two options you can choose from when buying stock, either online or over the counter. The former is a more favored option recently as its much more convenient for most investors. Whichever option choose, wehen figuring how to buy stocks, the very first step is to find a good broker. There are a variety of brokers out there, so making a good choice can be a little complicated, that's why good research is necessary before you choose any broker. They ought to have a good online record, lest you invest and never get your funds back, or only get them after a huge hustle. The second thing is to choose a profitable stock. Again you need extensive research on this too. When you have those two things sorted, the next thing is to know the right time to place your trades, whether you are selling or buying.