{"id":819112,"date":"2019-11-27T16:52:59","date_gmt":"2019-11-27T21:52:59","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?page_id=819112"},"modified":"2026-01-07T16:07:13","modified_gmt":"2026-01-07T21:07:13","slug":"stock-trading","status":"publish","type":"page","link":"https:\/\/www.finder.com\/ca\/stock-trading","title":{"rendered":"Guide to stock trading in Canada"},"content":{"rendered":"<h3 data-toc=\"false\">What is stock trading?<\/h3><p>Stock trading is simply the buying and selling of stocks (shares) of a specific company in order to make a profit. Think of stocks as small individual pieces of a company. If you own stocks you own part of that company. Stock values change with each sale, depending on whether more people are buying (because they think the price will rise) or selling (because they think it will fall).<\/p><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h4>How do I make money trading stocks?<\/h4><p>Here\u2019s an example: A company is trading at $5 per share on January 1st and you buy 100 shares for a total of $500. By February 1st, the shares are trading at $5.50, so you decide to sell your shares, giving you a 50-cent return on each share for a profit of $50. This also works in the opposite direction: If the stock price was $4.50 when you decide to sell, you\u2019d be losing 50 cents per share for a net loss of $50.<\/p><\/div><\/article><h3>WATCH: How does the stock market work?<\/h3><div class=\"fin-video fin-video--horizontal\" data-player-type=\"youtube\" data-video-id=\"3lr9v3paXYk\" style=\"\">\n    <div class=\"fin-video__container\">\n                    <img decoding=\"async\" class=\"fin-video__thumbnail\" src=\"https:\/\/img.youtube.com\/vi\/3lr9v3paXYk\/maxresdefault.jpg\" data-fallback-sd=\"https:\/\/img.youtube.com\/vi\/3lr9v3paXYk\/sddefault.jpg\" data-fallback-hq=\"https:\/\/img.youtube.com\/vi\/3lr9v3paXYk\/hqdefault.jpg\" alt=\"\" loading=\"lazy\">\n                            <div class=\"fin-video__duration\">7:00<\/div>\n                        <div class=\"fin-video__play-btn\" role=\"button\" aria-label=\"Play video\"><\/div>\n                <iframe allow=\"autoplay\" class=\"fin-video__player\" id=\"ytPlayer-3lr9v3paXYk\" title=\"Video player\"><\/iframe>\n    <\/div>\n        <\/div>\n<h3 id=\"steps\">How do I start trading on the stock market?<\/h3><p>Newbie investor? Never placed a trade before? Don\u2019t worry, it\u2019s never been easier to start trading. You simply choose a stock trading platform, open and fund an account then make your trades. Check out our guide for <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/how-to-buy-stocks\">how to buy stocks online<\/a> to get started.<\/p><h4>Is it free to sign up for a stock trading account?<\/h4><p>Most stock trading platforms don\u2019t charge anything to open an account and start trading. But you may have to pay monthly fees to access advanced research tools. There are 2 main types of stock trading fees:<\/p><ul><li><strong>Trade fees (commissions).<\/strong> A fee charged every time you buy or sell securities. Trade fees for online brokerages typically range from under $5 to $10 per transaction. Options contracts typically come with an extra fee of $1 to $2 per contract.<\/li><li><strong>Account maintenance and inactivity fees.<\/strong> Some brokerages charge periodic account fees (often around $25 per quarter) that are waived with a minimum balance or by making a certain number of trades per quarter.<\/li><\/ul><h4>How long does it take to open a stock trading account?<\/h4><p>Most online brokerage applications can be completed in 10 minutes or less. Identify verification can take anywhere from several minutes to several days depending on the system your broker has in place (machine driven verification is faster than manually reviewing documents).<\/p><p>Once your application is submitted, it typically takes 1-2 business days to get approved. Before you can start trading, you\u2019ll need to fund your account, which can take another day or 2 depending on the transfer method.<\/p><h3 id=\"where\">Where do you trade stocks?<\/h3><p>Traders buy and sell stocks throughout the trading day on the TSX, NYSE, Nasdaq and other exchanges around the world. Here are some of the world\u2019s biggest stock markets by market capitalization:<\/p><table class=\"luna-table\"><thead class=\"luna-table__header\"><tr><th scope=\"col\">Stock exchange<\/th><th scope=\"col\">Short name<\/th><th scope=\"col\">Market capitalization<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><th scope=\"row\">Toronto Stock Exchange<\/th><td>TSX<\/td><td>CA$4.97 trillion<\/td><\/tr><tr><th scope=\"row\">New York Stock Exchange<\/th><td>NYSE<\/td><td>US$25.62 trillion<\/td><\/tr><tr><th scope=\"row\">Nasdaq<\/th><td>NASDAQ<\/td><td>US$19.51 trillion<\/td><\/tr><tr><th scope=\"row\">Hong Kong Exchanges<\/th><td>HKEX<\/td><td>US$6.76 trillion<\/td><\/tr><tr><th scope=\"row\">Shanghai Stock Exchange<\/th><td>SSE<\/td><td>US$6.56 trillion<\/td><\/tr><tr><th scope=\"row\">Japan Exchange Group<\/th><td>JPX<\/td><td>US$6.54 trillion<\/td><\/tr><\/tbody><\/table><h4>Here is a map of some of the world\u2019s biggest exchanges<\/h4><style> .flourish-iframe-0 {height: 600px;} .flourish-credit-0 { display: flex; justify-content: flex-end; text-decoration: none; margin-bottom: 4px;} @media (max-width: 600px){.flourish-iframe-0 {height: 400px;}}<\/style><iframe class=\"flourish-iframe-0\" src=\"https:\/\/flo.uri.sh\/visualisation\/4340501\/embed?auto=1\" width=\"100%\" scrolling=\"0\" frameborder=\"0\" loading=\"lazy\"><\/iframe>\n            <a class=\"flourish-credit\" href=\"https:\/\/public.flourish.studio\/visualisation\/4340501\/?utm_source=embed&amp;utm_campaign=visualisation\/4340501\" target=\"_blank\" ref=\"sponsored\"><img decoding=\"async\" alt=\"Made with Flourish\" src=\"https:\/\/public.flourish.studio\/resources\/made_with_flourish.svg\" loading=\"lazy\"><\/a><h3 id=\"tips\">7 tips for beginner investors<\/h3><ul class=\"list-1\"><li><b>Know your risk tolerance. <\/b>Figure out what level of risk you can manage. Your personal risk tolerance should dictate which investments you choose.<\/li><li><b>Do your homework. <\/b>Research the financial health of companies, review annual reports and follow the news. Get familiar with popular indices like <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/invest-in-sp-500\">the S&amp;P 500<\/a>. Use the research tools provided by your online trading platforms or use market research websites like Bloomberg or Yahoo Finance.<\/li><li><b>Buy what you know.<\/b> Begin investing in industries and businesses you understand or that produce products that you use everyday.<\/li><li><strong><b>Diversify.<\/b><\/strong> Spread your investments across a range of industries. This is called <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/signs-your-money-is-diversified\">diversification<\/a> \u2014 a fancy way of saying: don\u2019t put all your eggs in one basket. You can be better protected against losses if one particular industry experiences a sharp downturn.<\/li><li><b>Explore blue-chip companies.<\/b> <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/blue-chip-stocks\">Blue-chip stocks<\/a> are issued by big, established companies. They\u2019re typically a source of reliable returns and minimal risk.<\/li><li><b>Consider index funds.<\/b> Index funds, like <a href=\"https:\/\/www.finder.com\/ca\/investments\/etfs-vs-mutual-funds\">ETFs and mutual funds<\/a>, offer you a way to invest in multiple companies at once rather than in just one company\u2019s stocks. You invest in the shares of the fund instead of all the individual companies themselves that make up the fund.<\/li><li><strong>Practice new strategies.<\/strong> Play stock trading games to master your craft. Or <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/online-stock-trading-courses\">take an online trading course<\/a> to advance your knowledge about different trading strategies.<\/li><li><b data-path-to-node=\"1,4,0\" data-index-in-node=\"0\">Stay informed but ignore the noise.<\/b> It\u2019s important to stay on top of reliable financial news and keep up on company earnings reports. But be careful following the latest trending topics or hot tips on social media. Profitable long-term investing strategies result from objective data and following a consistent strategy\u2014not reacting to short-term market hype.<\/li><\/ul><h3 id=\"strategies\">Types of trading you should know<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Stock trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\">This the most common type of trading is where investors buy and sell company shares through stock markets and then monitor continuous updates on the prices of those shares. The value of a company\u2019s shares changes daily, so shareholders aim to buy shares when they cost less and sell when they cost more to make a profit. You can expect transaction fees for buying and selling.<div class=\"has-padding-xsmall\"><\/div><p><strong>Example<\/strong>: Company X is trading at $5 per share on January 1st and you buy 100 shares for a total of $500. By February 1st, the shares are trading at $5.50, so you decide to sell, giving you a 50-cent return on each share for a profit of $50. This also works in the opposite direction: If the stock price was $4.50 when you decide to sell, you\u2019d be losing 50 cents per share for a net loss of $50.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">Options trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/options-trading\">Options<\/a> are essentially a bet on how you think a stock will move within a set time. If you purchase a contract of 100 shares, that gives you the right, but not the obligation, to buy or sell a stock at a certain price, called the strike price, within a certain time frame. Here are 2 options:<div class=\"has-padding-xsmall\"><\/div><p><strong>Call.<\/strong> If you believe the price of a stock will go up by the expiry date, you buy a call option contract. This gives you the right to buy shares at the strike price. If the share price is higher than the strike price, either buy the shares at a discount when the contract expires or buy and immediately sell the option for a profit.<\/p><p><strong>Put.<\/strong> If you think the price of a stock will go down by the expiry date, buy a put option contract. This gives you the right to sell the shares at the strike price. If the share price drops below the strike price, you could buy shares at market price and sell them at the strike price.<\/p><p><strong>Example<\/strong>: Company Y is trading at $20 per share on January 1st and you can buy a 6-month options contract with a strike price of $20 and a premium of $5 per share.<\/p><p>If you expect the market price of the share to reach $25 \u2014 the strike price plus premium \u2014 or higher by the expiry date, buy a call option. Since this contract gives you the right to purchase the stock at the strike price, you could either sell the contract for a profit or purchase shares at below market value.<\/p><p>However, if you expect the market price of the share to drop to $15 \u2014 strike price minus premium, or below \u2014 by the expiry date, buy a put option. This contract gives you the right to sell shares at the strike price, meaning you could either sell your contract for a profit or purchase the shares at market value and sell them for more than you paid.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">Bond trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><a href=\"https:\/\/www.finder.com\/ca\/investments\/bonds\">Bonds<\/a> are issued by companies or governments to generate cash flow, finance debt, fund investments and more. Bonds have predetermined term lengths and pay interest (also called the coupon rate) at set intervals for the length of the term. Once the bond reaches maturity, it can be cashed for the principal amount.<div class=\"has-padding-xsmall\"><\/div><p><strong>Example<\/strong>: Company A is looking to raise money for the development of a new product, so it issues 5-year bonds with a $1,000 principal and 5% coupon rate, paid annually. If you purchase 10 bonds for a principal investment of $10,000, you\u2019ll receive a $500 interest payment each year until the bond reaches maturity. After 5 years, you would have accrued a total of $2,500 of interest on an initial investment of $10,000.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000003\" data-toggle=\"collapse\" data-target=\"#accordion0000000003\">\n        <span class=\"luna-accordion__title\">Forex trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000003\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><a href=\"https:\/\/www.finder.com\/ca\/investments\/forex-trading\">Foreign exchange (forex) trading<\/a> is the process of buying and selling currencies. Unlike the stock market, the forex market is not one central exchange but rather a network of transactions between traders. In this market, buyers purchase one currency in exchange for another. Since exchange rates change throughout the day, traders are able to make money by buying low and selling high, just like the stock market.<div class=\"has-padding-xsmall\"><\/div><p><strong>Example<\/strong>: Say you hold US dollars. The Canadian dollar is trading at $1.35 against the US dollar, and you expect the value of the Canadian dollar to increase. You sell $10,000 USD in exchange for $13,500 CAD. Later that month, the exchange rate drops to $1.30 CAD\/USD, meaning that it now costs $1.30 Canadian to buy one USD. If you decide to sell, you would make a profit of $307 USD.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000004\" data-toggle=\"collapse\" data-target=\"#accordion0000000004\">\n        <span class=\"luna-accordion__title\">Futures trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000004\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Futures are based on buying or selling stocks in the future with an agreement to buy or sell the stock. When you enter into a futures contract, you\u2019re making an agreement to buy or sell an asset at a set price on a certain date. Check out our guide on futures trading to learn more.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000005\" data-toggle=\"collapse\" data-target=\"#accordion0000000005\">\n        <span class=\"luna-accordion__title\">Swaps trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000005\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Swaps are an agreement between 2 parties to exchange currencies at the spot rate. They are done as over the counter transactions between traders, businesses or financial institutions. In most cases, one cash flow is fixed, while the other is variable, often based on a benchmark interest rate, floating currency exchange rate or index price.<div class=\"has-padding-xsmall\"><\/div><p><strong>Example<\/strong>: Company A loaned one of its distributors $1 million over 5 years with a variable annual interest rate of 1% + 5.25% prime rate. The company believes that the prime rate is going to decrease within the next 5 years, affecting its interest payments. It wants to enter into a swap on its loan. Company B believes the interest rate will rise, so it pays company A a fixed rate of 7% per year in exchange for the variable cash flow from A\u2019s loan. Company A is happy if prime stays below 6%, whereas company B is happy if prime goes above 6%.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000006\" data-toggle=\"collapse\" data-target=\"#accordion0000000006\">\n        <span class=\"luna-accordion__title\">CFD trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000006\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/cfd-trading\">CFDs, or contracts for difference<\/a>, allow advanced traders to profit from the change in price of underlying assets like stocks, stock indices, currencies, commodities and more. Similar to swaps, the underlying asset does not actually change hands. In this type of transaction, the trader buys or sells a contract with a specific number of units of a particular instrument. If you buy a CFD and the price of the underlying asset goes up, you earn money. If you buy a CFD and the price goes down, you lose money.<div class=\"has-padding-xsmall\"><\/div><p><strong>Example<\/strong>: Stock XYZ is trading at $5 per share and you buy a CFD of 100 shares. The price of XYZ goes to $5.25 per share and you sell your position, earning you 25 cents per share or $25 in total. However, if the price dropped to $4.75, you would have lost 25 cents per share for a net loss of $25. While you won\u2019t actually be purchasing the underlying assets, brokers may charge a commission on CFDs or require you to buy and sell slightly above or below market price so that they can profit.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000007\" data-toggle=\"collapse\" data-target=\"#accordion0000000007\">\n        <span class=\"luna-accordion__title\">Crypto trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000007\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\">Cryptocurrency trading<\/a> is very similar to stock trading in that it involves buying or selling assets to make a profit. Just like stocks, there are numerous cryptocurrencies allowing you to choose where to invest your money. Once you purchase cryptocurrency on an online exchange, you can either sell it, hold on to it, or buy other assets like stocks, other cryptocurrencies or even goods and services.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000008\" data-toggle=\"collapse\" data-target=\"#accordion0000000008\">\n        <span class=\"luna-accordion__title\">Forwards trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000008\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Forwards trading is just like futures trading but with more flexibility. While futures contracts include a set number of a specific asset at a predetermined delivery date, forwards contracts allow you to customize the terms. The contract holders make an agreement to buy or sell the asset, aiming to make a profit by predicting price movements.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000009\" data-toggle=\"collapse\" data-target=\"#accordion0000000009\">\n        <span class=\"luna-accordion__title\">Short selling<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000009\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/how-to-short-a-stock\">Short selling<\/a> is a bet that a stock price is going to fall. Traders borrow shares and sell them, anticipating they can buy them back later to settle the loan at a lower price and pocket the difference. But if the share price rises instead, they have to buy at the higher price and take a loss.<div class=\"has-padding-xsmall\"><\/div><p><strong>Example<\/strong>: Company X is trading at $5 per share on January 1st and you think it will go to $0. You borrow and sell 100 shares for a total of $500. By February 1st, the shares are trading at $1, so you buy 100 shares to close your position for $100, and pocket $400. This also works in the opposite direction: If the stock price rises to $10, repaying the loaned shares costs you $1,000 and you lose $500. If the stock hits $20, you lose $1,500. The most you can gain is $500, but your potential loss is unlimited.<\/p><\/div>\n  <\/div>\n<\/li><\/ul><h3 id=\"risks\">Risks of stock trading<\/h3><div><div><ul class=\"list-3\"><li><b>Losses.<\/b> No investment is risk-free and any stock, no matter its performance history, carries the risk of loss. Stock prices can fall dramatically and even drop down to zero. This can mean significant financial losses for investors.<\/li><li><strong>Time<\/strong>. Online trading can be a time-consuming process \u2014 especially when you hand-pick each of the securities in your portfolio. The more active your trading strategy, the more time you\u2019ll need to be ready to invest in monitoring the performance of your stocks and staying abreast of impactful market news.<\/li><li><b>Stress.<\/b> The stock market is always moving and can be volatile \u2014 a significant source of stress for those with investments that hinge on its performance and direction. If you can\u2019t weather the ups and downs, you might be better off pursuing a more passive investment strategy, like a <a href=\"https:\/\/www.finder.com\/ca\/investments\/robo-advisors\">robo-advisor<\/a><button class=\"btn-link text-no-decoration\" style=\"vertical-align: top; position: relative; top: -3px; left: 1px;\" rel=\"popover\" data-content=\"Robo-advisors automatically manage investment portfolios using algorithms tailored to investors' individual risk tolerance and goals.\" data-placement=\"top\" aria-label=\"More information\" aria-describedby=\"fin-tooltip-1\">\n    <svg class=\"luna-icon luna-icon--xsmall\" aria-hidden=\"true\">\n        <use href=\"#info\"><\/use>\n    <\/svg>\n    <span class=\"u-screenReader\" id=\"fin-tooltip-1\">Robo-advisors automatically manage investment portfolios using algorithms tailored to investors' individual risk tolerance and goals.<\/span>\n<\/button> or managed portfolio.<\/li><li><b>Market events.<\/b> Even after thoroughly researching a company, you can\u2019t predict the future. Natural disasters, terrorist attacks, pandemics, bad company news and even changes in government policy can all occur unexpectedly and adversely affect the price of shares.<\/li><li><b>Lack of expertise.<\/b> While investing in the stock market sounds easy in theory, it can get quite complicated if you don\u2019t know what you\u2019re doing. First-time investors should exercise caution while building their portfolio.<\/li><\/ul><h3>5 tips for more advanced Canadian stock traders<\/h3><p>Once you\u2019ve begun your stock trading journey, you\u2019ll want to start considering these other factors too:<\/p><ol><li><strong>Maximize your tax-advantaged accounts.<\/strong> Before trading in a taxable account, a good strategy can be to prioritize maximizing your TFSA and RRSP contributions. Income you earn through interest, dividends or capital gains from a TFSA is tax-free in most cases. A RRSP gives you a tax break by allowing you to deduct contributions from your total taxable income.<\/li><li><strong>Watch out for FX fees.<\/strong> Many Canadian brokerages charge a 1.5% to 2% currency conversion fee when you buy stocks listed on US exchanges from a CAD account. Instead, either open a USD trading account or opting for a <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/commission-free-stock-trading\">brokerage that minimizes fees<\/a>. Advanced traders can also try using Norbert\u2019s Gambit to save on FX fees.<\/li><li><strong>Look out for the Superficial Loss Rule.<\/strong> If you\u2019re an active trader, you may need to look out for the Superficial Loss Rule, which is when the Canada Revenue Agency (CRA) won\u2019t accept a capital loss claim if you sell a stock for a loss (in a non-registered account) and buy the same stock back within certain window of days.<\/li><li><strong>Use limit orders.<\/strong> A limit order ensures your trade will only be executed at a specific pre-set target price. They can help protect you from paying extra during periods of higher trade volatility.<\/li><li><strong>Track your Adjusted Cost Base (ACB).<\/strong> You\u2019ll need to know your ACB when reporting capital gains to the CRA, which is up to you to keep track of. So make sure you keep detailed records of your trades, gains and losses to make the process easier come tax time. This is especially important if you have a Dividend Reinvestment Plan (DRIP) where every new fractional share will change your average cost.<\/li><\/ol><\/div><\/div><h3>How do I learn more about stock trading?<\/h3><p>One of the best ways to grow your stock trading skills is to study financial news, company announcements and market activity. Stay up to date with anything related to the industries or companies you\u2019re interest in as well as the economy overall.<\/p><p>Consider taking an investment course from sources like Udemy, Morningstar\u2019s Investing Classroom or Skillshare. Many such courses are often taught by experienced professionals with years of knowledge. Make sure you choose a trusted educational or training organization.<\/p><h3>Bottom line<\/h3><p>Investing in the stock market has never been easier. But before you dive in, make sure you compare trading platforms and carefully research the companies you want to invest in. Get familiar with your personal level of risk tolerance and make sure you diversify your portfolio in order to minimize losses. Ready to begin?<\/p><div class=\"aligncenter\"><a class=\"luna-button luna-button--success luna-button--large scroll\" title=\"Compare online trading platforms\" role=\"button\" href=\"#comparison-table\" rel=\"nofollow noopener\">Compare stock brokers<\/a><\/div><h3 id=\"faq\">Frequently asked questions about stock trading<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">How do I buy and sell stocks?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Once you've registered for an online trading account, navigate to your dashboard to manage your account. From there, you should be able to look up various stocks and other assets. Once you've found a stock you want to buy, enter the quantity and your bid price and submit your trade.<\/p><p>Selling stocks is very similar. You'll find your assets in your portfolio and should be able to select a stock to manage your shares. If you want to sell, you can enter the amount and the ask price, then submit the transaction.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">Can anyone use online stock trading?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes. As long as you have a bank account, you should be able to sign up for online trading.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">What's the best stock app for beginners?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>There are several online stock brokers that are good for beginners. Wealthsimple offers no trade fees, no monthly fees and no minimum balance requirements. Questrade offers low fees and access to many types of securities.<\/p><p>Beginner-friendly stock apps may not offer a full suite of advanced features but are often easy to use and competitively priced. Learn more in our guide to the <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/best-stock-trading-apps-in-canada\">best stock app for beginners<\/a>.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">How do I buy stocks online without a broker?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>It's simple. Choose an online share trading platform and open an account. Follow the rest of the steps here in our guide on <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/how-to-buy-stocks\">how to buy and sell stocks online<\/a>.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">How much does online trading cost?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Most online trading platforms don't charge a fee for regular stock trading but some will charge fees for commission, so you won't have to pay unless you are making trades. Commission prices can vary, so it's important to compare the fees of trading platforms before signing up with one.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000005\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000005\">\n                <span class=\"luna-accordion__title\">Can I try out a stock trading platform before applying for an account?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000005\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes, some brokerages let you open a demo account and perform fake stock trades to see how the system works. This can be a great way to decide if a platform is right for you before committing real funds.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000006\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000006\">\n                <span class=\"luna-accordion__title\">What is a paper trading account?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000006\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>A paper trading account (also called a demo account) allows you to make fake trades through a virtual stock exchange. Investors can practice trading strategies without putting any real money at risk. Check out our full <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/paper-trading\">guide to the best paper trading platforms in Canada to learn more<\/a>.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000007\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000007\">\n                <span class=\"luna-accordion__title\">Do online brokers provide advice on which stocks to buy?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000007\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>All stock trading platforms provide ways to research investments. Many offer market insights, investment news and reports with expert analysis and recommendations. Depending on the platform you choose (and possibly on the additional services you pay for), you may be able to get expert stock recommendations.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000008\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000008\">\n                <span class=\"luna-accordion__title\">Can I trade international stocks?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000008\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes, many online stock trading platforms provide access to <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/how-to-buy-international-shares\">international stocks<\/a>, or stocks sold on exchanges in the US and other countries. But not all do, so be sure to verify this before signing up for an investment account.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000009\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000009\">\n                <span class=\"luna-accordion__title\">Can I borrow money to buy stocks?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000009\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes, the most common way to borrow money for stock trading is called margin trading, which involves using your stocks or managed funds as security. It's also possible to get a loan secured by your home equity or get an unsecured loan to invest. However, this usually comes with high interest charges.<\/p><p>Borrowing money for stock trading is very risky given that returns are far from guaranteed. Avoid borrowing to invest unless you're an experienced investor and are sure that you can repay the loan, even if your investment fails.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000010\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000010\">\n                <span class=\"luna-accordion__title\">Can I open a joint investment account with my spouse?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000010\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>It's possible to open a joint investment account with another person, but not all brokerages offer this option. Some that do include Interactive Brokers, Qtrade Direct Investing, TD Direct Investing and CIBC Investor's Edge. Check with your brokerage to find out for sure.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000011\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000011\">\n                <span class=\"luna-accordion__title\">What's the difference between a market order and a limit order?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000011\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>A market order is carried out right away at a security's current market price. A limit orders is carried out if a security reaches a specified price; the order is never executed if the price is never reached. Buyers placing a limit order specify a maximum selling price, whereas sellers placing a limit order specify a minimum buying price.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000012\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000012\">\n                <span class=\"luna-accordion__title\">Can I cancel or change an order after I have placed it?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000012\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You can cancel or change an order after placing it as long as the order is still open and has not been executed (processed). But keep in mind that market orders are placed instantly, so the option to cancel or change an order will likely only apply to limit orders.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>\n<h3>Stock trading glossary<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000010\" data-toggle=\"collapse\" data-target=\"#accordion0000000010\">\n        <span class=\"luna-accordion__title\">Portfolio<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000010\" data-accordion=\"details\">\n    <div class=\"accordionContent\">A mixture of assets such as stocks, bonds and cash owned by an investor.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000011\" data-toggle=\"collapse\" data-target=\"#accordion0000000011\">\n        <span class=\"luna-accordion__title\">Stock market index<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000011\" data-accordion=\"details\">\n    <div class=\"accordionContent\">An index that measures a specific stock market and helps investors compare current and historical prices. Learn how you can <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/how-to-invest-in-index-funds\">invest in index funds here<\/a>.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000012\" data-toggle=\"collapse\" data-target=\"#accordion0000000012\">\n        <span class=\"luna-accordion__title\">Earnings per share<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000012\" data-accordion=\"details\">\n    <div class=\"accordionContent\">A company\u2019s profits divided by the number of shares outstanding. A measure of profitability.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000013\" data-toggle=\"collapse\" data-target=\"#accordion0000000013\">\n        <span class=\"luna-accordion__title\">P\/E ratio<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000013\" data-accordion=\"details\">\n    <div class=\"accordionContent\">The stock <strong>price<\/strong> divided by the <strong>earnings<\/strong> per share. This ratio allows investors to compare companies in the same industry to determine if any are undervalued or overvalued.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000014\" data-toggle=\"collapse\" data-target=\"#accordion0000000014\">\n        <span class=\"luna-accordion__title\">Dividend<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000014\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Part of a company\u2019s earnings that is paid quarterly or yearly to those who own dividend stock. Dividends are not guaranteed.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000015\" data-toggle=\"collapse\" data-target=\"#accordion0000000015\">\n        <span class=\"luna-accordion__title\">Buying on margin<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000015\" data-accordion=\"details\">\n    <div class=\"accordionContent\">This refers to borrowing money to buy stocks. The margin represents the difference between the value of securities in an investor\u2019s account and the amount of the loan. This is a risky strategy because if the value of your investment falls you will still be on the hook for the money you borrowed.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000016\" data-toggle=\"collapse\" data-target=\"#accordion0000000016\">\n        <span class=\"luna-accordion__title\">Initial public offering (IPO)<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000016\" data-accordion=\"details\">\n    <div class=\"accordionContent\">This is the first time a company issues shares for sale to the public. <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/what-is-an-initial-public-offering-ipo\">IPOs of well-known companies<\/a> tend to attract a lot of media attention.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000017\" data-toggle=\"collapse\" data-target=\"#accordion0000000017\">\n        <span class=\"luna-accordion__title\">Exchange-traded fund (ETF)<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000017\" data-accordion=\"details\">\n    <div class=\"accordionContent\">An <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/exchange-traded-funds-etfs\">ETF is a mix of stocks that tracks an index<\/a>, sector, or commodity, but can be bought or sold on a stock exchange like a regular stock.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000018\" data-toggle=\"collapse\" data-target=\"#accordion0000000018\">\n        <span class=\"luna-accordion__title\">Mutual fund<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000018\" data-accordion=\"details\">\n    <div class=\"accordionContent\">A mutual fund is a diverse collection of stocks that is managed by a portfolio manager whose goal is generally to get better returns than the overall stock market. Mutual funds charge an annual fee (usually a few percentage points of the total amount invested) for this service.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000019\" data-toggle=\"collapse\" data-target=\"#accordion0000000019\">\n        <span class=\"luna-accordion__title\">Day trading<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000019\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/day-trading-in-canada\">Day trading<\/a> involves buying and selling stocks on the same day. It can be lucrative but is also very risky. As such, day trading is only suitable for experienced investors.<\/div>\n  <\/div>\n<\/li><\/ul>\n<div class=\"contentFeed contentFeed--relatedPosts\">\n            <h3 class=\"contentFeed__title\">More on investing<\/h3>\n        <div class=\"contentFeed__carousel\" data-post-count=\"3\">\n                                    <div class=\"fin-carousels fin-carousels--multiple-items-in-view\" id=\"fin-carousel0000000000\" data-items-in-view=\"3\" style=\"--items-in-view: 3\">\n    <div class=\"fin-carousels__container\">\n        <div class=\"fin-carousels__slides\">\n                                <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/buy-spacex-stock\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2026\/04\/SpaceX-3_Supplied_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"SpaceX\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Stock Trading<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/buy-spacex-stock\">How to buy SpaceX stock in Canada when it goes public<\/a>            <\/p>        <\/header>        <p>Here\u2019s what we know about the SpaceX IPO plus information on how to buy in from Canada.<\/p>                    <\/div>        <\/article>            \n<\/div>\n                    <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/ethereum-treasuries\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Ethereumlogo_Supplied_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Ethereumlogo_Supplied_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Ethereumlogo_Supplied_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Ethereumlogo_Supplied_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Ethereumlogo_Supplied_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Ethereumlogo_Supplied_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/09\/Ethereumlogo_Supplied_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"Ethereum\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Stock Trading<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/ethereum-treasuries\">Ethereum treasury companies<\/a>            <\/p>        <\/header>        <p>We break down which companies hold Ethereum, why they\u2019re doing it and what ETH treasuries mean for markets and investors.<\/p>                    <\/div>        <\/article>            \n<\/div>\n                    <div class=\"fin-carousel-item\">\n                <article class=\"luna-card luna-card--stretch\">        <figure class=\"luna-card__figure\">        <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/euro-stoxx-50\">            <picture>                <source type=\"image\/webp\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=180&amp;webp=1 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=360&amp;webp=1 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=450&amp;webp=1 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\"><\/source>                <img decoding=\"async\" class=\"luna-image\" src=\"data:image\/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHdpZHRoPSI5IiBoZWlnaHQ9IjUiIHN0eWxlPSJiYWNrZ3JvdW5kLWNvbG9yOiAjRjVGNkY3OyIvPg==\" data-src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg\" data-srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/07\/STOXX_Supplied_450x250.jpg?fit=450 450w\" data-sizes=\"(max-width: 600px) 100vw, 35vw\" alt=\"STOXX\" loading=\"lazy\">            <\/picture>        <\/a>    <\/figure>        <div class=\"luna-card__block\">                            <div class=\"contentFeed__pills\">                                                    <span class=\"contentFeed__pill contentFeed__pill--category\">Stock Trading<\/span>                            <\/div>                        <header>            <p class=\"luna-card__title luna-card__title--small\">                <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/euro-stoxx-50\">How to invest in the EURO STOXX 50<\/a>            <\/p>        <\/header>        <p>Want to invest in the Euro Stoxx 50 in Canada? Explore investment platforms and popular Euro Stoxx 50 index funds.<\/p>                    <\/div>        <\/article>            \n<\/div>\n                \n        <\/div>\n    <\/div>\n    <div class=\"fin-carousels__controls\">\n        <button class=\"fin-carousels__nav fin-carousels__nav--prev fin-carousels__nav--disabled\" aria-label=\"Previous slide\">\n            <svg class=\"luna-icon\" style=\"--fill: var(--color-background-main)\">\n                <use href=\"#chevron-left\"><\/use>\n            <\/svg>\n        <\/button>\n        <button class=\"fin-carousels__nav fin-carousels__nav--next fin-carousels__nav--disabled\" aria-label=\"Next slide\">\n            <svg class=\"luna-icon\" style=\"--fill: var(--color-background-main)\">\n                <use href=\"#chevron-right\"><\/use>\n            <\/svg>\n        <\/button>\n    <\/div>\n\n    <div class=\"fin-carousels__dots\" role=\"tablist\" aria-label=\"Carousel navigation\"><!-- Dots will be generated by JavaScript -->\n    <\/div>\n<\/div>\n\n    <\/div>\n<\/div>\n<article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block has-padding-small\"><b>Important information:<\/b> Powered by <a href=\"https:\/\/www.finder.com\/ca\/\">Finder.com<\/a>. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.<\/div><\/article>","protected":false},"excerpt":{"rendered":"<p>Find out everything you need to know to get started with online trading in our simple guide to stock trading.<\/p>\n","protected":false},"author":806,"featured_media":1063502,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-nb-table-with-filters.php","meta":{"footnotes":""},"tags":[64948,5439],"class_list":["post-819112","page","type-page","status-publish","has-post-thumbnail","hentry","tag-investing","tag-latest-3"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Guide to Stock Trading in Canada | Finder Canada<\/title>\n<meta name=\"description\" content=\"Compare stock brokers plus get tips for beginner traders and strategies on how to start investing in the stock market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/stock-trading\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compare Stock Brokers in Canada | Finder Canada\" \/>\n<meta property=\"og:description\" content=\"Compare stock brokers plus get tips for beginner traders and strategies on how to start investing in the stock market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/ca\/stock-trading\" \/>\n<meta property=\"og:site_name\" content=\"Finder Canada\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/11\/ShareTrading_GettyImages_450x250.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" 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month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.\",\"email\":\"heythere@finder.com\",\"legalName\":\"Finder\",\"foundingDate\":\"2006-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/7f0c68dbce49c99fc8780cf5e7c0a634\",\"name\":\"Ryan Brinks\",\"description\":\"Ryan Brinks is a former editor and publisher at Finder, specializing in investments. He holds a journalism degree from University of Wisconsin\u2013River Falls.\",\"jobTitle\":\"Editor\",\"url\":\"https:\/\/www.finder.com\/ca\/author\/ryanbrinks\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/ryan-brinks\/\"],\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\/7f0c68dbce49c99fc8780cf5e7c0a634\",\"url\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/03\/ryanbrinks_supplied_512x512.jpg\",\"contentUrl\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2025\/03\/ryanbrinks_supplied_512x512.jpg\",\"caption\":\"Ryan Brinks\"},\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\"}},{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finder.com\/ca\/stock-trading#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/stock-trading\"},\"author\":[{\"name\":\"Jaclyn Hurst\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/1320e1493761657f96c7c436b92199bc\"},{\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/7f0c68dbce49c99fc8780cf5e7c0a634\"}],\"headline\":\"Guide to stock trading in Canada\",\"datePublished\":\"2019-11-27T21:52:59+00:00\",\"dateModified\":\"2025-12-20T02:32:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/stock-trading\"},\"wordCount\":4485,\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/stock-trading#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Stock-trading-in-Canada_Supplied_1800x1000.jpg\",\"articleSection\":[\"Stock Trading\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"commentCount\":0},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/1320e1493761657f96c7c436b92199bc\",\"name\":\"Jaclyn Hurst\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/JaclynHurstF1_Finder_600x600.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/12\/JaclynHurstF1_Finder_600x600.png\",\"caption\":\"Jaclyn Hurst\"},\"description\":\"Jaclyn Hurst was an associate publisher at Finder. She has a Bachelor\u2019s degree in Business from Redeemer University and a University Certificate in Management Foundations from Athabasca University. She\u2019s as passionate about business and finance as she is about the great Canadian outdoors, organic Sumatra coffee and music.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jaclynhurst111\"],\"url\":\"https:\/\/www.finder.com\/ca\/author\/jaclynhurst\",\"jobTitle\":\"Associate Publisher, Investments\",\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\"}},{\"@context\":\"https:\/\/schema.org\/\",\"@type\":\"VideoObject\",\"name\":\"How the stock market works | EXPLAINED \ud83d\udcb0\ud83d\udcc8\ud83d\udcb8\",\"description\":\"\ud83d\udcc8 Summary \\n\\nIn todays video I'll be taking you back to the very core of investing with an explainer on how the stock market works. We'll be exploring some of the most common questions around stock markets including: What are stocks? How do stocks get onto a stock exchange? Why do stock prices change? Where to buy stocks? and much more. Thanks for tuning in!\\n\\nHosted by: Kylie Purcell\\n\\n\ud83d\udcdc Contents\\n\\n0:15 What are stocks? Part ownership in a company. \\n0:30 The stock exchange explained. You buy with other investors on a stock exchange.\\n0:45 How to do stocks get onto the stock exchange? Companies need money to expand. They have the option to list shares of its company onto the stock exchange and sell on to investors. With this extra cash they company can continue to expand. Investing in stock markets. \\n1:52 What happens after listing? Regular investors will then buy and sell from each other through a broker. Profits and loss. \\n2:20 Supply and demand impacts on price. Low supply and high demand leads to a rise. High supply and low demand leads to a decrease in price. Interaction between buyers and sellers. \\n3:00 Perceptions of companies based on future performance. It's all about how people think the company will do in the future. Take for example Tesla... people were investing more in the future outlook as opposed to the current fundamentals. \\n3:30 Factors influencing stock price movement. Many factors like performance, data, social media and news can impact a stocks price.\\n4:15 How is a company is impacted by its own stock price? Do companies get additional benefits? This all comes back to market capitalisation which impacts how much a company can raise from investors in the future or how much money it could take out in the form of a loan.\\n5:13 Share purchase plans (SPP.) This is where a company lists more shares on the stock exchange.\\n5:29 Stock exchanges. Investing in the ASX, NSX Australia, Chi-X Australia, The New York Stock Exchange, The NASDAQ, London Stock Exchange, Japan Exchange Group, Shanghai Stock Exchange. \\n6:30 Brokerage. A typical international broker allows you to access global stocks meaning you can track from anywhere in 2021. The competitive brokerage industry has lead to $0 brokerage in the stock market today in some cases. \\n\\n\ud83d\udcb0 Resources\\n\\nFor more information head to: https:\/\/www.finder.com.au\/what-is-share-trading\\n\\n\ud83d\udc99 Finder.com \\n\\nImportant information: Investment Finder is powered by finder.com. \\nThis information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of securities or any financial product or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Securities trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Capital is at risk. Tax on profits may apply. Consider your own circumstances, and obtain your own advice, before making any trades. \\nFINDER CAR 432664.\",\"uploadDate\":\"2021-06-10T02:10:19Z\",\"duration\":\"PT7M\",\"url\":\"https:\/\/www.youtube.com\/watch?v=3lr9v3paXYk\",\"contentUrl\":\"https:\/\/www.youtube.com\/watch?v=3lr9v3paXYk\",\"embedUrl\":\"https:\/\/www.youtube.com\/embed\/3lr9v3paXYk\",\"thumbnailUrl\":\"https:\/\/i.ytimg.com\/vi\/3lr9v3paXYk\/maxresdefault.jpg\"},{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"name\":\"Frequently Asked Questions\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How do I buy and sell stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rOnce you've registered for an online trading account, navigate to your dashboard to manage your account. From there, you should be able to look up various stocks and other assets. Once you've found a stock you want to buy, enter the quantity and your bid price and submit your trade.\\r\\rSelling stocks is very similar. You'll find your assets in your portfolio and should be able to select a stock to manage your shares. If you want to sell, you can enter the amount and the ask price, then submit the transaction.\\r\"}},{\"@type\":\"Question\",\"name\":\"Can anyone use online stock trading?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYes. As long as you have a bank account, you should be able to sign up for online trading.\\r\"}},{\"@type\":\"Question\",\"name\":\"What's the best stock app for beginners?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rThere are several online stock brokers that are good for beginners. Wealthsimple offers no trade fees, no monthly fees and no minimum balance requirements. Questrade offers low fees and access to many types of securities.\\r\\rBeginner-friendly stock apps may not offer a full suite of advanced features but are often easy to use and competitively priced. Learn more in our guide to the <a href=\\\"https:\/\/www.finder.com\/ca\/stock-trading\/best-stock-trading-apps-in-canada\\\">best stock app for beginners<\/a>.\\r\"}},{\"@type\":\"Question\",\"name\":\"How do I buy stocks online without a broker?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rIt's simple. Choose an online share trading platform and open an account. Follow the rest of the steps here in our guide on <a href=\\\"https:\/\/www.finder.com\/ca\/stock-trading\/how-to-buy-stocks\\\">how to buy and sell stocks online<\/a>.\\r\"}},{\"@type\":\"Question\",\"name\":\"How much does online trading cost?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rMost online trading platforms don't charge a fee for regular stock trading but some will charge fees for commission, so you won't have to pay unless you are making trades. Commission prices can vary, so it's important to compare the fees of trading platforms before signing up with one.\\r\"}},{\"@type\":\"Question\",\"name\":\"Can I try out a stock trading platform before applying for an account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYes, some brokerages let you open a demo account and perform fake stock trades to see how the system works. This can be a great way to decide if a platform is right for you before committing real funds.\\r\"}},{\"@type\":\"Question\",\"name\":\"What is a paper trading account?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rA paper trading account (also called a demo account) allows you to make fake trades through a virtual stock exchange. Investors can practice trading strategies without putting any real money at risk. Check out our full <a href=\\\"https:\/\/www.finder.com\/ca\/stock-trading\/paper-trading\\\">guide to the best paper trading platforms in Canada to learn more<\/a>.\\r\"}},{\"@type\":\"Question\",\"name\":\"Do online brokers provide advice on which stocks to buy?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rAll stock trading platforms provide ways to research investments. Many offer market insights, investment news and reports with expert analysis and recommendations. Depending on the platform you choose (and possibly on the additional services you pay for), you may be able to get expert stock recommendations.\\r\"}},{\"@type\":\"Question\",\"name\":\"Can I trade international stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYes, many online stock trading platforms provide access to <a href=\\\"https:\/\/www.finder.com\/ca\/stock-trading\/how-to-buy-international-shares\\\">international stocks<\/a>, or stocks sold on exchanges in the US and other countries. But not all do, so be sure to verify this before signing up for an investment account.\\r\"}},{\"@type\":\"Question\",\"name\":\"Can I borrow money to buy stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYes, the most common way to borrow money for stock trading is called margin trading, which involves using your stocks or managed funds as security. It's also possible to get a loan secured by your home equity or get an unsecured loan to invest. However, this usually comes with high interest charges.\\r\\rBorrowing money for stock trading is very risky given that returns are far from guaranteed. Avoid borrowing to invest unless you're an experienced investor and are sure that you can repay the loan, even if your investment fails.\\r\"}},{\"@type\":\"Question\",\"name\":\"Can I open a joint investment account with my spouse?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rIt's possible to open a joint investment account with another person, but not all brokerages offer this option. Some that do include Interactive Brokers, Qtrade Direct Investing, TD Direct Investing and CIBC Investor's Edge. Check with your brokerage to find out for sure.\\r\"}},{\"@type\":\"Question\",\"name\":\"What's the difference between a market order and a limit order?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rA market order is carried out right away at a security's current market price. A limit orders is carried out if a security reaches a specified price; the order is never executed if the price is never reached. Buyers placing a limit order specify a maximum selling price, whereas sellers placing a limit order specify a minimum buying price.\\r\"}},{\"@type\":\"Question\",\"name\":\"Can I cancel or change an order after I have placed it?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYou can cancel or change an order after placing it as long as the order is still open and has not been executed (processed). But keep in mind that market orders are placed instantly, so the option to cancel or change an order will likely only apply to limit orders.\\r\"}}]}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2025-12-20T02:32:02+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Guide to Stock Trading in Canada | Finder Canada","description":"Compare stock brokers plus get tips for beginner traders and strategies on how to start investing in the stock market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.finder.com\/ca\/stock-trading","og_locale":"en_US","og_type":"article","og_title":"Compare Stock Brokers in Canada | Finder Canada","og_description":"Compare stock brokers plus get tips for beginner traders and strategies on how to start investing in the stock market.","og_url":"https:\/\/www.finder.com\/ca\/stock-trading","og_site_name":"Finder Canada","og_image":[{"width":450,"height":250,"url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2019\/11\/ShareTrading_GettyImages_450x250.jpg","type":"image\/jpeg"}],"twitter_misc":{"Est. reading time":"17 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.finder.com\/ca\/stock-trading","url":"https:\/\/www.finder.com\/ca\/stock-trading","name":"Guide to Stock Trading in Canada | Finder Canada","isPartOf":{"@id":"https:\/\/www.finder.com\/ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.finder.com\/ca\/stock-trading#primaryimage"},"image":{"@id":"https:\/\/www.finder.com\/ca\/stock-trading#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Stock-trading-in-Canada_Supplied_1800x1000.jpg","datePublished":"2019-11-27T21:52:59+00:00","dateModified":"2025-12-20T02:32:02+00:00","description":"Compare stock brokers plus get tips for beginner traders and strategies on how to start investing in the stock market.","breadcrumb":{"@id":"https:\/\/www.finder.com\/ca\/stock-trading#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finder.com\/ca\/stock-trading"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/stock-trading#primaryimage","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Stock-trading-in-Canada_Supplied_1800x1000.jpg","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2020\/12\/Stock-trading-in-Canada_Supplied_1800x1000.jpg","width":1800,"height":1000},{"@type":"BreadcrumbList","@id":"https:\/\/www.finder.com\/ca\/stock-trading#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"CA","item":"https:\/\/www.finder.com\/ca\/"},{"@type":"ListItem","position":2,"name":"Stock Trading","item":"https:\/\/www.finder.com\/ca\/stock-trading"},{"@type":"ListItem","position":3,"name":"Guide to stock trading in Canada"}]},{"@type":"WebSite","@id":"https:\/\/www.finder.com\/ca\/#website","url":"https:\/\/www.finder.com\/ca\/","name":"Finder Canada","description":"","publisher":{"@id":"https:\/\/www.finder.com\/ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finder.com\/ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder","url":"https:\/\/www.finder.com\/ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","contentUrl":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","width":1392,"height":1392,"caption":"Finder"},"image":{"@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/en.wikipedia.org\/wiki\/Finder_(website)"],"description":"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. 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She has a Bachelor\u2019s degree in Business from Redeemer University and a University Certificate in Management Foundations from Athabasca University. She\u2019s as passionate about business and finance as she is about the great Canadian outdoors, organic Sumatra coffee and music.","sameAs":["https:\/\/www.linkedin.com\/in\/jaclynhurst111"],"url":"https:\/\/www.finder.com\/ca\/author\/jaclynhurst","jobTitle":"Associate Publisher, Investments","worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder"}},{"@context":"https:\/\/schema.org\/","@type":"VideoObject","name":"How the stock market works | EXPLAINED \ud83d\udcb0\ud83d\udcc8\ud83d\udcb8","description":"\ud83d\udcc8 Summary \n\nIn todays video I'll be taking you back to the very core of investing with an explainer on how the stock market works. We'll be exploring some of the most common questions around stock markets including: What are stocks? How do stocks get onto a stock exchange? Why do stock prices change? Where to buy stocks? and much more. Thanks for tuning in!\n\nHosted by: Kylie Purcell\n\n\ud83d\udcdc Contents\n\n0:15 What are stocks? Part ownership in a company. \n0:30 The stock exchange explained. You buy with other investors on a stock exchange.\n0:45 How to do stocks get onto the stock exchange? Companies need money to expand. They have the option to list shares of its company onto the stock exchange and sell on to investors. With this extra cash they company can continue to expand. Investing in stock markets. \n1:52 What happens after listing? Regular investors will then buy and sell from each other through a broker. Profits and loss. \n2:20 Supply and demand impacts on price. Low supply and high demand leads to a rise. High supply and low demand leads to a decrease in price. Interaction between buyers and sellers. \n3:00 Perceptions of companies based on future performance. It's all about how people think the company will do in the future. Take for example Tesla... people were investing more in the future outlook as opposed to the current fundamentals. \n3:30 Factors influencing stock price movement. Many factors like performance, data, social media and news can impact a stocks price.\n4:15 How is a company is impacted by its own stock price? Do companies get additional benefits? This all comes back to market capitalisation which impacts how much a company can raise from investors in the future or how much money it could take out in the form of a loan.\n5:13 Share purchase plans (SPP.) This is where a company lists more shares on the stock exchange.\n5:29 Stock exchanges. Investing in the ASX, NSX Australia, Chi-X Australia, The New York Stock Exchange, The NASDAQ, London Stock Exchange, Japan Exchange Group, Shanghai Stock Exchange. \n6:30 Brokerage. A typical international broker allows you to access global stocks meaning you can track from anywhere in 2021. The competitive brokerage industry has lead to $0 brokerage in the stock market today in some cases. \n\n\ud83d\udcb0 Resources\n\nFor more information head to: https:\/\/www.finder.com.au\/what-is-share-trading\n\n\ud83d\udc99 Finder.com \n\nImportant information: Investment Finder is powered by finder.com. \nThis information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of securities or any financial product or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Securities trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Capital is at risk. Tax on profits may apply. Consider your own circumstances, and obtain your own advice, before making any trades. \nFINDER CAR 432664.","uploadDate":"2021-06-10T02:10:19Z","duration":"PT7M","url":"https:\/\/www.youtube.com\/watch?v=3lr9v3paXYk","contentUrl":"https:\/\/www.youtube.com\/watch?v=3lr9v3paXYk","embedUrl":"https:\/\/www.youtube.com\/embed\/3lr9v3paXYk","thumbnailUrl":"https:\/\/i.ytimg.com\/vi\/3lr9v3paXYk\/maxresdefault.jpg"},{"@context":"https:\/\/schema.org","@type":"FAQPage","name":"Frequently Asked Questions","mainEntity":[{"@type":"Question","name":"How do I buy and sell stocks?","acceptedAnswer":{"@type":"Answer","text":"\rOnce you've registered for an online trading account, navigate to your dashboard to manage your account. From there, you should be able to look up various stocks and other assets. Once you've found a stock you want to buy, enter the quantity and your bid price and submit your trade.\r\rSelling stocks is very similar. You'll find your assets in your portfolio and should be able to select a stock to manage your shares. If you want to sell, you can enter the amount and the ask price, then submit the transaction.\r"}},{"@type":"Question","name":"Can anyone use online stock trading?","acceptedAnswer":{"@type":"Answer","text":"\rYes. As long as you have a bank account, you should be able to sign up for online trading.\r"}},{"@type":"Question","name":"What's the best stock app for beginners?","acceptedAnswer":{"@type":"Answer","text":"\rThere are several online stock brokers that are good for beginners. Wealthsimple offers no trade fees, no monthly fees and no minimum balance requirements. Questrade offers low fees and access to many types of securities.\r\rBeginner-friendly stock apps may not offer a full suite of advanced features but are often easy to use and competitively priced. Learn more in our guide to the <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/best-stock-trading-apps-in-canada\">best stock app for beginners<\/a>.\r"}},{"@type":"Question","name":"How do I buy stocks online without a broker?","acceptedAnswer":{"@type":"Answer","text":"\rIt's simple. Choose an online share trading platform and open an account. Follow the rest of the steps here in our guide on <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/how-to-buy-stocks\">how to buy and sell stocks online<\/a>.\r"}},{"@type":"Question","name":"How much does online trading cost?","acceptedAnswer":{"@type":"Answer","text":"\rMost online trading platforms don't charge a fee for regular stock trading but some will charge fees for commission, so you won't have to pay unless you are making trades. Commission prices can vary, so it's important to compare the fees of trading platforms before signing up with one.\r"}},{"@type":"Question","name":"Can I try out a stock trading platform before applying for an account?","acceptedAnswer":{"@type":"Answer","text":"\rYes, some brokerages let you open a demo account and perform fake stock trades to see how the system works. This can be a great way to decide if a platform is right for you before committing real funds.\r"}},{"@type":"Question","name":"What is a paper trading account?","acceptedAnswer":{"@type":"Answer","text":"\rA paper trading account (also called a demo account) allows you to make fake trades through a virtual stock exchange. Investors can practice trading strategies without putting any real money at risk. Check out our full <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/paper-trading\">guide to the best paper trading platforms in Canada to learn more<\/a>.\r"}},{"@type":"Question","name":"Do online brokers provide advice on which stocks to buy?","acceptedAnswer":{"@type":"Answer","text":"\rAll stock trading platforms provide ways to research investments. Many offer market insights, investment news and reports with expert analysis and recommendations. Depending on the platform you choose (and possibly on the additional services you pay for), you may be able to get expert stock recommendations.\r"}},{"@type":"Question","name":"Can I trade international stocks?","acceptedAnswer":{"@type":"Answer","text":"\rYes, many online stock trading platforms provide access to <a href=\"https:\/\/www.finder.com\/ca\/stock-trading\/how-to-buy-international-shares\">international stocks<\/a>, or stocks sold on exchanges in the US and other countries. But not all do, so be sure to verify this before signing up for an investment account.\r"}},{"@type":"Question","name":"Can I borrow money to buy stocks?","acceptedAnswer":{"@type":"Answer","text":"\rYes, the most common way to borrow money for stock trading is called margin trading, which involves using your stocks or managed funds as security. It's also possible to get a loan secured by your home equity or get an unsecured loan to invest. However, this usually comes with high interest charges.\r\rBorrowing money for stock trading is very risky given that returns are far from guaranteed. Avoid borrowing to invest unless you're an experienced investor and are sure that you can repay the loan, even if your investment fails.\r"}},{"@type":"Question","name":"Can I open a joint investment account with my spouse?","acceptedAnswer":{"@type":"Answer","text":"\rIt's possible to open a joint investment account with another person, but not all brokerages offer this option. Some that do include Interactive Brokers, Qtrade Direct Investing, TD Direct Investing and CIBC Investor's Edge. Check with your brokerage to find out for sure.\r"}},{"@type":"Question","name":"What's the difference between a market order and a limit order?","acceptedAnswer":{"@type":"Answer","text":"\rA market order is carried out right away at a security's current market price. A limit orders is carried out if a security reaches a specified price; the order is never executed if the price is never reached. Buyers placing a limit order specify a maximum selling price, whereas sellers placing a limit order specify a minimum buying price.\r"}},{"@type":"Question","name":"Can I cancel or change an order after I have placed it?","acceptedAnswer":{"@type":"Answer","text":"\rYou can cancel or change an order after placing it as long as the order is still open and has not been executed (processed). But keep in mind that market orders are placed instantly, so the option to cancel or change an order will likely only apply to limit orders.\r"}}]}]},"article_modified_time":"2025-12-20T02:32:02+00:00"},"custom_fields":{"_wp_page_template":["page-nb-table-with-filters.php"],"_content_type":["niche-content\/comparison\/niche-homepage"],"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"_masthead_subheading":["{\"text\":\"Compare online stock brokers plus get tips for beginner traders.\"}"]},"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/819112"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/806"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=819112"}],"version-history":[{"count":11,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/819112\/revisions"}],"predecessor-version":[{"id":1070202,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/819112\/revisions\/1070202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/1063502"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=819112"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=819112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}