Getting Started
Buying your first stock is easier than you might think. Here's a simple guide to get you started.
Step 1: Open a Brokerage Account
Choose a reputable online broker. Look for low fees, a user-friendly interface, and educational resources.
Step 2: Fund Your Account
Transfer money from your bank. Most brokers have no minimum deposit requirements.
Step 3: Research a Stock
Start with companies you know and understand. Read about their business, check financials, and understand their industry.
Step 4: Place Your Order
Enter the stock's ticker symbol, choose order type (market or limit), and specify how many shares. Review and submit.
Step 5: Monitor but Don't Obsess
Check your investment periodically, but avoid watching every tick. Long-term thinking leads to better results.