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