Although years ago these operations were carried out manually and in large emblematic buildings, today getting actions is a simple task that can be done from home. Therefore, the only essential tool to be able to operate on the stock market is a good internet connection.
Simple steps to trading on the stock market
1. Find an online broker
Although when we refer to a broker, one usually thinks of a man with financial knowledge who moves through cities in a suit, the reality in the 21st century is quite different. Now the world of stocks is governed by online brokers, that is, virtual portals specialized in buying and selling stocks, as well as in other financial operations.
Currently there are numerous virtual brokers: Etoro, XTB, Admiral Market, Degiro … Each of them has its own policies and percentages with which it works. For example, eToro offers 0% commissions, so it is presented as a very attractive alternative.
2. Create a personal profile
Whichever broker you choose, you must register with a personal account from which you will direct all operations.
As with any web page, creating an account involves filling in a series of personal data (name, surname, ID…), as well as choosing a name and password. Although the password must be private in all personal accounts, remember that in this case it is more important than ever to choose a suitable and secure password to avoid problems later.
Similarly, the profile information must be true and verifiable, since you will operate with money through it.
3. Enter a deposit
Online brokers request an initial deposit to allow trading on the stock market. You can choose different payment methods, from credit or debit cards to PayPal or transfers. Of course, each person enters the amount they consider appropriate and with which they want to operate. Despite this, most online brokers require a minimum deposit of between € 200 to 400 euros.
4. Choose the shares you are going to buy
Once you have your account ready to invest, a fundamental step is to know what shares you are going to buy. For this you must have some knowledge of the companies in which you want to invest or follow the advice of experts in the field.
Never invest in a stock because it is fashionable or because it has risen a lot, it may not go up any more or what is worse, it may start to go down.
When it comes to buying and selling stocks, the information we have is essential for making important decisions. Therefore, the main advice that financial experts recommend is to follow the daily evolution of the bags and be cautious in operations.
In addition, online brokers usually operate with a commission, so keeping in mind the percentage that these will be awarded after each profit is also decisive to avoid future scares.
But the sale of shares is becoming more common every day. One of its main advantages has to do with the speed of management (unlike what happened in the past). Thus, some users only bet on short-term operations that, although with a lower yield, guarantee certain weekly profits. In addition, this speed also has an impact on the collection of operations, which can be done immediately through transfers.
Therefore, buying and selling stocks is a task available to anyone who wants to learn how to trade. Do you dare to try?