Start Buying Stock For Beginners: How To Start Investing In Stocks, Where To Buy Stocks, And Produce Passive Profits by Laz Viera

Author:Laz Viera [Viera, Laz]
Language: eng
Format: azw3, pdf
Published: 2020-12-03T16:00:00+00:00

Terminologies Breakdown

Fractional investing: Fractional investment is buying shares in a bit. Let’s say you have $1000 to invest; Amazon (AMZN) is worth $3000 per share, and Bank of America (BAM) sells for $500 per share. You want to invest in both companies; you can easily buy AMZN stock worth $700 and BAC worth $300, sharing the risk. You don’t have to wait until you save $3,500 to buy both stocks.

Chapter 4

How to Buy and Sell Stocks

Buying and selling stocks might look complicated. However, with careful analysis and of course the right information, it is pretty much straightforward. For this book, we will focus on how to buy and sell stocks online. Keep in mind that online brokers rarely provide investment advice. Basically, what they do is offer you stock to buy, and the platform to sell when you feel like it. Unlike a full-service broker, online brokers are cheaper; since you don’t have to pay anyone for their smart investment implementations and strategies. The cost and fees attached are based on each transaction. However, you can open an account with nothing and will only be charged a certain amount when you deposit funds, buy, sell shares, or withdraw your money. With an account, all you have to do is log in, buy or sell shares, and that’s that.

Keep in mind that you are on your own while trading with an online stockbroker. Although these platforms come with tools like charts that will help you determine crucial elements of trading like support and resistance, it is left for you to analyze these charts, determine the support and resistance levels before you venture into a trade. What you get with an online broker is technical support and a couple of articles recommending stocks to trade from experts (something you mustn’t always adhere to until you do your research).

With that, let's see a step-by-step approach on how to buy and sell stocks.

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