Here’s your short, step-by-step guide for trading the stock market for beginners:
1. Investing tools you’ll need: an easy to use calculator, a spreadsheet program, a good computer with ample processing speed and good-sized monitor, a color printer, a high speed internet connection with security protection, access to a stock screener and an open account with an online brokerage.
2. Open an account with an online trading broker. Look at commission fees and other service charges. There are several websites that offer side-by-side comparisons of online stock brokerages. Use the account for access to stock market information, resources and educational programs you can use as you begin the stock trading process.
3. Research various investing strategies and choose one or two. Websites and books are terrific resources for finding stock trading strategies. Search on Amazon for stock trading books and use the reviewer’s comments to choose a book to purchase or check it out at your local library.