Ready to get Started?

There are many steps involved in buying Stock, timing, company profiles, pricing, market trends, your affordabilty, risk, and the list goes on.

Even with that said it also can be rewarding, here are few ideas in getting started.

Steps - Seek professional advice, evaluate your Risk Position

1. Before you buy any stocks with your hard-earned money, you want to pick an investment strategy that fits your lifestyle, personality, and risk tolerance level.  

Start studying the stock market and then paper trade (that is making pretend trades and recording your results on paper or in a text document).  

Pay particular attention to the Trading Rules.  

Once you consistently making money using a specific trading strategy and are smoothly following procedures, you should be ready to buy stocks using real money.  

Remember that paper trading is hypothetical whereas buying and selling stocks using your own money adds an important factor to the process—your own emotions of fear and greed.

2. Next, open an account with a Broker or an online brokerage company. The five major online brokerage firms are Schwab, TD Ameritrade, Etrade, Fidelity and Scottrade.  There are also a handful of other smaller firms.  

Any one of these firms will execute stock trades on your behalf with your directions given online or on their trading platform software.  They will route your orders to an exchange's market for execution.

4. Send an initial deposit to fund your new brokerage account. The minimum varies depending on the brokerage firm but it usually ranges from $500 to $2000. 

5. Make sure you complete and return all forms to the brokerage company. They are required to report all of your transactions to the IRS so they will need your complete information.

6. Now the fun part. Using your trading account, after you decide what stock you want to buy or sell short then enter your price, order type, and total shares to purchase.  

Make sure you follow the rules on keeping your position size small relative to your account size. 

This keeps your risk lower.

7. You will then receive a notification (can be via email as well as a confirmation on the website or trading platform or brokerage firm) that your order was filled and you will be able to see the shares in your account. 

8. Understand this information is not in anyway meant for instructional/investment direction or guidance in buying stocks, but only for educational purposes to give a better understanding of the process.

9. Remember buying Stock is Risky.

If you are considering Retirement Planning, call for a free consultation today.