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make money Trading and Investing in Stocks
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Trading and Investing in Stocks
Method Stats:
- Prerequisites: a computer or mobile device, a trading platform or app, stock screeners and charts, research, analytical, and risk management skills, adaptability and patience
- Best for: those interested in profiting off of the stock market
- Potential income: varies wildly according to many factors such as interest rate, initial investment, and company’s financial condition
Becoming a stock investor is a great way to make passive income. Start by purchasing a share in a company and selling it once its value increases.
It can be tricky in the beginning. Fortunately, many blogs, podcasts, and YouTube channels offer trading advice. They often provide insights, tips, and tricks about stock trading strategies.
Popular learning sources include Collab Fund, A Wealth of Common Sense, and We Study Billionaires.
Following market news and reading trade reviews by stockbrokers can also help. Rayner Teo and WhiteBoard Finance are among the many stock trading YouTube channels to follow.
The easiest way to buy stocks is through an online stockbroker facilitating transactions:
- E*TRADE. Ideal for long-term investors looking for a zero minimum deposit. However, users must fund accounts within 30 days.
- TD Ameritrade. A commission-free trading platform with dedicated customer support.
- Fidelity Investments. Provides fractional shares, which allows investors with limited capital to participate in the stock market.
Even though this can be a good way to make money, remember that the stock market is quite volatile – the value of your investments can quickly change. If it goes down, you could lose money instead of gaining profit. Always do proper research before making investments and educate yourself on the risks of stocks.
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