The Stock Market Takes Patience
Learning how to navigate the stock market might be intimidated to someone just starting out. Even though many of us have lost money, there are those that are becoming interested in the market for the very first time. With the Dow being the lowest it has been in a long time, these people are probably thinking that now might be a good time to get on board. Anyone new to stock investing should know though, that just because the market is low doesn't mean it can't go lower.
Anyone who is hoping to learn the market for the first time need not feel like it is too intimidating. If you want to learn how to buy stocks, it is easy to open an account online and you can do it all without even speaking to a real person. With Internet trading, there is never any reason to feel embarrassed by any of the market jargon either. You can learn at your own pace and find all the answers to your questions online.
Opening a stock account online is not much different than opening up any other type of account online. You will need to get a user name and password, and then enter your name, address, and social security number. The social security number is required because law requires that your transactions be sent to the IRS. After you send in your money, you eill be able to start buying stock with the click of your mouse.
Before you open a real account, if you want to learn about buying stocks, one of the best ways is to join a fantasy online stock trading game. There are several of them where you can set up an account and trade stocks just like you would online only with virtual fake money. These games let you get used to all the nuances of the market and you will be managing your own portfolio. Of course nothing is ever like the real thing but this is a good way to learn about stocks and how to do the research. Some of these stock trading games are available for free and even give out prizes!
Beginner investors need to know that they can indeed lose money in stocks. This is one of the things that makes it scary to buy your first stock. Once your money is in play, it is real and the stock you buy can go down. Nevertheless, the stock market has been a historically good place to invest and beginners should remember that. - 23200
Anyone who is hoping to learn the market for the first time need not feel like it is too intimidating. If you want to learn how to buy stocks, it is easy to open an account online and you can do it all without even speaking to a real person. With Internet trading, there is never any reason to feel embarrassed by any of the market jargon either. You can learn at your own pace and find all the answers to your questions online.
Opening a stock account online is not much different than opening up any other type of account online. You will need to get a user name and password, and then enter your name, address, and social security number. The social security number is required because law requires that your transactions be sent to the IRS. After you send in your money, you eill be able to start buying stock with the click of your mouse.
Before you open a real account, if you want to learn about buying stocks, one of the best ways is to join a fantasy online stock trading game. There are several of them where you can set up an account and trade stocks just like you would online only with virtual fake money. These games let you get used to all the nuances of the market and you will be managing your own portfolio. Of course nothing is ever like the real thing but this is a good way to learn about stocks and how to do the research. Some of these stock trading games are available for free and even give out prizes!
Beginner investors need to know that they can indeed lose money in stocks. This is one of the things that makes it scary to buy your first stock. Once your money is in play, it is real and the stock you buy can go down. Nevertheless, the stock market has been a historically good place to invest and beginners should remember that. - 23200
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posted by X - Men @ 12:00 AM
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