I was brought to relief this month when the Stock Exchange Market was given a platform in my country. I was sick and tired of having to harass brokers every time I needed to buy a stock and shares. This annoyance arose particularly from the fact that whenever I give clear instructions- THEY ARE NOT CARRIED OUT! I was at my wits end last year when I lost quite a bit of money from a dividend payout when this broker DID NOT BUY what I said she should buy, smh. Now, with this online trading platform- I feel as though I have everything in my own hands, and I can control exactly what I make I plan to go hard now
I was also going to ask exactly what country this was aswell to be honest. I haven't actually heard about any new markets being set up recently so I'd like to get to know more about this, I maybe see another opportunity on the horizon maybe?
Pretty much online trading is available in every country of the world. Even smaller exchanges now have online trading. Even most banks offer online trading with most exchanges.
I remember trading with a broker back before online accounts. It was a hassle and much more expensive, the only word of caution is that since it is easier to trade it is also easier to make hasty decisions that can cost money longer term.
Wow, do you trade mainly US stocks or worldwide? I don't think I'd trade anywhere near as much if I was stock calling a broker!
How does online trading actually work? I know that trading in stocks is already a gamble in itself because you have to really know your game before hitting the slot and the risks are also high. So how about online trading? How much can one invest initially to be able to get in? I would like to be enlightened on how it works because I am a stay at home mom who basically has been looking at all my options of doing business online.
Gracer, why not do a bit of research locally or online? A few ideas to learn about online trading... Some of the larger firms including (but not limited to) Fidelity, Schwab, Scottrade, and TD Ameritrade all have brick and mortar storefronts in addition to investing web sites. Find your area brokers by searching within Google/Yahoo/Bing the phrase "stock brokers near me" and/or "stock brokers in <city>" and follow the yellow brick road. Some firms offer seminars at their offices and/or online. From personal experience, Schwab is one that offers some interesting sessions at local offices, and one can schedule one-to-one meetings with the trainers that work in the region. There are online education videos too. Fidelity doesn't have seminars at their storefronts in my area, but webinars are offered seemingly weekly. I have no experience with other firms. Instructional videos on the larger brokerage sites should be plentiful. Undoubtedly your local community college and/or high school have adult evening courses on beginning investing. And I find Investopedia -- http://www.investopedia.com/ -- is a good neutral resource for researching questions and specific terms. Our library occasionally has classes or discussion groups on the subject. The trick in education is learning how to ask a question and how to research. If the trainer or representative seems annoyed at your query, find someone else who is willing to help. HTH.
Are people outside of the US able to invest in the US stock market? This was something I have always wondered. I imagine that the stockmarkets in different countries operate different than the ones here.
In today's smaller electronic world I assume the answer is generally "yes" with the caveats of your brokerage firm having the appropriate international offices or working international relationships with other firms. And you will have extra transaction fees, currency exchange rates and tax reporting to deal with. Obviously there's no problems with Canada and the USA. Check Investopedia for a comprehensive list of stock exchanges around the world. Some of those exchange pages also have adverts of brokerage firms in the country. I find some of the exchange pages make for interesting reading. HTH.
