How do I buy a stock on E trade?
I am a single mom and I want to start investing money on stocks. I don't know anything about this, how do I do it on E trade? Can someone explain to me how to do this the right way. I herd that you buy the ones that are going up and that is good to buy long term.. Ok, what else. Help me..
Comments
Don't do a thing on ETrade. Learn investing basics first;
Investing For Dummies
Mutual Funds For Dummies
If you don't do this.... you're bound to make some costly mistakes....
To buy stocks on e-trade, sign up on line. My suggestion is use Ameritrade. You send them money in advance and then use it as a debit card to trade stocks. Will take about a week before you get to trade. Sounds simple right? buy low, sell high, make a lot of money. BUT what is your strategy in picking a stock. How do you know it still isn't going down more if it is already low. You are correct in buying stocks on line. All you fill in is the company symbol eg: GM is General Motors, how many shares you want, and the price you want to buy it at. You sell the same way. Finding a good stock is the hard part. Find out what sectors are doing good to start. Learn how to read charts. If you want a neat strategy, buy "Wallstreet money machine" on Amazon used. Read the chapter on rolling stocks. It is easy reading
Go to the education sections that are available free at the web sites of all the better discount brokerages and read up on investing and buying stocks and bonds until you have a better grasp of what you want to do.
http://personal.fidelity.com/products/trading/Know...
https://us.etrade.com/e/t/toolsandresearch
http://www.tdameritrade.com/tradingtools/overview....
Do not be in a big hurry to get started and instead read, read, read. The market is in the process of bottoming out right now so it would be easy to lose money. Invest in stocks, bonds or mutual funds with long term growth potential, preferably that will pay you dividends.
Good luck and have fun.
Well
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For more info: http://pennystocks.toptips.org/