| If you have money that you would like to | | | | orders by using web-enabled cellular |
| invest to help grow your overall | | | | phones or other handheld devices. They |
| finances, you might have considered a | | | | take their job very seriously and are |
| high interest savings account in a bank, | | | | connected at all times to be able to |
| the stock market, bonds, and so forth. | | | | make a trade. |
| Of course, the fastest way to make | | | | 3. Track Stock Market Movements |
| profit (but also the most risky) is by | | | | Most brokers will put forth the extra |
| using the stock market. It is for this | | | | effort to be able to allow their clients |
| reason that people putting money into | | | | to place orders over the internet. |
| stocks should have as much information | | | | Special software may also be available |
| on them as possible to help them avoid | | | | to help clients see charts and graphs. |
| losing it all. | | | | The entire system is password protected |
| 1. How Trades Work On The Stock Market | | | | and usually doesn't cost a lot more. |
| If you are looking to do just one, or | | | | This can be very convenient and save you |
| many, trades you will need to get a | | | | time and money. |
| stock broker. Brokers can also offer | | | | 4. Stock Orders Also, What They Mean |
| advice about that stocks to trade and | | | | Market Order - The instruction to buy or |
| the condition of the market. These | | | | sell at the current market price |
| full-service brokers charge a relatively | | | | Stop Order - Instructs the broker to |
| high commission. To cut costs, many | | | | trade at a specific price |
| people use discount brokers that charge | | | | Limit Order - Instructs the broker to |
| significantly less. The downside being | | | | trade at a given price or better |
| that you don't get expert advice, but if | | | | GTC - This stands for good until |
| youre willing to forgo that pleasantry | | | | cancelled. Your desire to buy or sell |
| you might want to rely on the fact that | | | | will be executed until you say stop. |
| most brokers will not do a trade that is | | | | 5. The Stereotypical Trade |
| not profitable. | | | | Your average trade takes place in |
| 2. Brokerage Services | | | | something called round lots, multiples |
| Brokers often engage in online trading | | | | of 100. While it's possible to trade |
| and can even provide you with assistance | | | | other amounts of stocks, but this kind |
| for your trades. This is known as broker | | | | of trade is called an odd lot. Trading |
| assisted trading and some brokers offer | | | | software can handle both types of |
| options like Interactive Voice Response | | | | orders, but odd lot orders are slightly |
| System for placing orders by telephone | | | | more difficult to fill than the most |
| and wireless trading systems for making | | | | common trade denomination. |