This has to be one of the easiest ways to build a stock portfolio. You sign up with an online stock broker, buy and sell as you wish, but it can also be dangerous if you don’t know what you’re doing.
Online trading refers to buying and selling stocks directly from a website owned by an authorized stock trading company. They’ll keep records of your trades, a portfolio, and even offer suggestions. The best thing about online trading is the fee is substantially lower than if you were to trade with a stock broker in person vs an online broker.
Investing your money in stock trading can give you a jackpot, but on the other hand you can lose a lot so you need to research before you spend your money. It’s not always about the quick buck because you could generate a nice portfolio for your IRA accounts (while getting tax breaks!)
What’s great is not only can you monitor your stocks and portfolio online, you can also do this with your iPhone, Android, or other smart phone using the latest apps for mobile trading.