Online Brokerage Account Allows Trading From Home

2007-03-08 10:33:40

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Before you can buy or sell stocks online from home, you'll need to open an online brokerage account. You should choose among the online stock brokers that offer many deals and packages, and require varying deposit amounts. You may want to explore all the options available to you, before you sign up for an online brokerage account.

You may begin your search through government agency websites where you can read online trading articles and tips. There are also links to some sites that provide rankings and ratings of online brokers. Some criteria for rating online brokers include customer service options, track record and costs involved for trading online.

You must make sure that you fully comprehend the customer service options that you get when you open an online brokerage account with a particular online stock brokerage firm. You have to remember that system delays and outages may occur, and you should ensure that you get an assurance from the firm that you can still contact them during these times. Unavailability of online connection makes it hard to cancel orders, or to place orders.

After you find the right online stock broker, and sign up for an online brokerage account, you may be required to send your financial information with your corresponding specimen signature and a check for your initial deposit. You have to wait for the approval of your application before you can start trading using your online brokerage account. If you're lucky to find online brokers that give you immediate access to their website, then you don't have to undergo such process anymore.

Once your online brokerage account is approved, you can use the funds to buy the stocks and number of shares you want, and to select between a market and a limit order. You submit your trade online and await confirmation of the transaction.


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