New to the stock market? Want to get involved but unsure of your first steps? I get asked all the time, How do I get started? How to invest in stocks? Here are 4 actionable steps you can take today and start trading immediately in most cases! If you have $5, you can start trading today. How to Invest in stocks? Follow the simple steps laid out below!
How to Invest in Stocks
Register for a brokerage account. If you have a smartphone, you can start for free today. Here is a link to my full review of Robinhood, a free online trading platform. Otherwise, E*Trade, Fidelity, TD Ameritrade and many others offer brokerage services for a fee. I use Robinhood and E*Trade.
Contribute some money. If you don’t have any then you need to find some. Click here, I’ll tell you how to save money like a Billionaire! If you have a hard time saving, start with $5 per month and go from there. Most brokerages, including Robinhood, will allow you to set up automatic recurring transfers. Still don’t have any money or just want to invest more start a Side Hustle.
Invest in Exchange Traded Funds (ETFs). Click here to learn how to invest in them and why you should. There is no better investment for a beginner to start making money than with these funds. They are already a diversified investment and give you exposure to any industry with lower risk than individual stocks.
Buy some stock! It is not difficult; once you have registered for your brokerage account your goal is to buy low and sell high in order to make a profit! Here is a link to my step by step process to buying profitable stocks. Anyone can do it without any prior knowledge of Wall Street.
Bonus: Advanced Trading Tools & Knowledge
There are tons more things to know, but you don’t need to figure it all out right now. Make some trades and watch your money start to grow! You will figure out the rest as you go along. I did want to share a few more advanced tools that will become useful after you complete the steps above. Follow this blog to see the moves I make in the market. I am always trying something new and showing you the ways I try to make money. From weed stocks to cryptocurrencies, I will keep it interesting for you and me!
Thanks for reading and happy trading! If you have any questions please feel free to comment below. If you haven’t already, follow this blog!!
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