No matter what your stock broker or financial planner may tell
you, cheap stock trading online is a very smart financial, and
educational decision. Many brokers and planners look down upon online
trading because it takes away from their business and allows investors
to trade stocks without their help. Since they get paid commissions off
of the trades and investments you make, they want you to go through them
every time you buy or sell a stock. Therefore they will tell you what a
bad idea investing online is.
The truth is, it's a great idea. First of all, it will save you a lot of money. The average fee to buy or sell shares of any stock, no matter how many shares or how much they're worth, is a lot more through a broker than you will spend on a cheap stock trading website. A broker will run you between forty five and sixty dollars per trade. Online, you could spend as little as three or four dollars. The trade is just as secure online as it is through a broker.
The benefits of online trading doesn't stop there. You have the freedom to trade twenty four hours a day when you use a trading website. You are not limited to the hours your broker or financial planner works. In addition, you no longer have to wait for your broker to go ahead and actually perform the function you request. Most stock brokers will put you and your trade requests on a list. Depending on your standing, (how much money you make for your broker), depends on what your wait time will be. When you trade online, trade occurs instantly.
Finally, most of the cheap stock trading websites now have research tools available for their clients at little or no charge. You can actually educate yourself on the process of reviewing stocks and deciding what to do at a given time. You no longer will have to exclusively follow the advice of your financial planner or stock broker who is often pressured by their boss to push a certain stock to their clients. You control your own destiny.
The truth is, it's a great idea. First of all, it will save you a lot of money. The average fee to buy or sell shares of any stock, no matter how many shares or how much they're worth, is a lot more through a broker than you will spend on a cheap stock trading website. A broker will run you between forty five and sixty dollars per trade. Online, you could spend as little as three or four dollars. The trade is just as secure online as it is through a broker.
The benefits of online trading doesn't stop there. You have the freedom to trade twenty four hours a day when you use a trading website. You are not limited to the hours your broker or financial planner works. In addition, you no longer have to wait for your broker to go ahead and actually perform the function you request. Most stock brokers will put you and your trade requests on a list. Depending on your standing, (how much money you make for your broker), depends on what your wait time will be. When you trade online, trade occurs instantly.
Finally, most of the cheap stock trading websites now have research tools available for their clients at little or no charge. You can actually educate yourself on the process of reviewing stocks and deciding what to do at a given time. You no longer will have to exclusively follow the advice of your financial planner or stock broker who is often pressured by their boss to push a certain stock to their clients. You control your own destiny.
An exit strategy is the most important part of online investing.
If you buy stocks online, when is the best time to sell them and ensure
maximum profit? To find the best online stock trading websites and to
learn more about investing online, visit the free online resource Cheap
Online Stock Trading Guide
[http://www.cheaponlinestocktradingguide.com/].
[http://www.cheaponlinestocktradingguide.com/].
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