Ease of Use
Online stock trading allows you to buy and sell stocks in publicly listed companies over the Internet. Where previously you needed a broker in order to access the stock market, these days investors can trade directly by opening a stock trading account with an online stock trading platform.
This guide allows you to easily compare online stock trading accounts, and takes you through the steps involved when choosing a platform.
When people think of stock trading, many imagine a crowded and chaotic trading room floor. The reality is that, thanks to modern technology, the vast majority of stock trading is done online.
Trading stocks online offers a secure and easy way to manage your investments. You can place trades at a time and place convenient to you, while buying and selling stocks offers the potential to benefit from stock price increases and also enjoy an income from dividend payments.
There are, of course, risks attached to trading stocks, including the potential to lose the money you invest, so it’s important to make sure you’re aware of those risks before you start trading.
You’ll need to carefully consider your trading needs before deciding on the right online stock trading platform. Some of the issues to consider include:
The exact process for opening a stock trading account varies depending on the trading platform you select. However, you’ll generally need to complete the following steps when signing up:
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