I'm new to the stock market world, I've been increasingly gaining interested in the stock market, I've been using a good simulation on my Android, "Stock Trainer". In the simulator, you can instantly buy and sell your stocks, but from what I've been reading, it takes time to set up a
I'm new to the stock market world, I've been increasingly gaining interested in the stock market, I've been using a good simulation on my Android, "Stock Trainer". In the simulator, you can instantly buy and sell your stocks, but from what I've been reading, it takes time to set up a company to share with, yet unable to find in more depth anywhere. What's the quickest way to be able to buy and sell shares? Thanks!
HDD: To start buying or selling stocks, you should open an account with a brokerage house such as Scottrade or TD Ameritrade. If you live in the U.S., they are required to have you fill out some forms. You must put money into your account before you can begin to order trades.
They will give you a password to access their trading site online. You select the stock you wish to own and place your order with the brokerage either by phone or online electronically. During the business day, the brokerage makes the trade for you, usually within seconds. They charge you a fee for each trade, typically 6 to 10 dollars to buy or sell a “lot” of 100 shares.
The shares that you buy are kept on file at the brokerage. Many companies no longer issue certificates for shares but keep track electronically.
When and if your company issues a dividend, the money goes directly to your account.
You can get more information at their websites.
All major brokerage firms offer on-line services to the clients.
Visit sires of those firms you recognize or know of, then pick a site you feel comfortable with.
Complete the firm's "New Account" form, you will be assigned an account number, either send the firm a deposit or have your bank wire the funds needed to fund the account.
You're now ready to go.
Just remember, entering pretend orders in a "make believe" system is a lot different than reality.
You open up an account with a brokerage that offers online trading and send them money. Then you're good to go.
You don't need to set-up a company. You only need to open a brokerage account. I called up Fidelity, and I sent them a check. There's many companies that will provide a brokerage account.
You need a broker account. I use Schwab https://www.schwab.com/, there are several others that are also good. Call two or three and decide who you like.