*Disclaimer: This advice is primarily targeted at traders (short-term), not investors who are investing long term. (People use the terms ‘trading’ and ‘investing’ interchangeably which is a HUGE NO-NO– Investing=expecting Long-term gains, Trading=expecting Short-term gains)
1) Understanding what your goal is and which brokerage company to use
-Before entering the stock market, understand what you are trying to achieve. Are you trying to make quick profit (more risk), or do you want to make profit in the long run (less risk)? If you want to make quick profit, you should trade stocks, and if you are trying to make profit in the long term, you should probably invest through dividends (money companies give to their shareholders quarterly or yearly depending on the company) or long term growth of the company.
-Next, you should pick a stock brokerage that will suit your goals
(Note that some brokerages charge a
View original post 1,123 more words