How to Buy Stocks for Beginners: 4 Easy Steps to Get You Started Story

Investing in stocks for the first time is a daunting task. It can be scary because real money is at risk of loss.

Pick a Brokerage Firm

Today, orders are placed directly by the investor online. Therefore, a person should start the process by selecting an online broker and creating an account.

Opening an online account is simple and easy. First, a person must complete the application, provide the necessary identity information, and wait for approval.

Open an Account Online

Research a Stock

Start researching a stock by reading about it in one of the many investing books available to the public regarding learning how to research and select stocks.

The next step is to decide on an amount to invest. If you have a lump sum, it makes sense (and reduces risk) by not investing it all in one trade.

Amount to Invest

Select An Order Type

The two basic order types are a market order and a limit order. There are more order types, but beginners will mainly use these two.

There is always more to learn too. Investing in stocks is a lifelong learning process as the market and technology constantly change.

Final Thoughts

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