New Stock Traders Must Understand This Before They Start Trading

Before we discuss how to play stocks or the correct term for how to invest in stocks, first know that there are many securities companies or stockbrokers. Transaction fees charged to investors also vary from one security to another. Wait, what do the transaction fees for playing stocks mean? In stock investing, we are required to open a securities account (customer fund account) which is facilitated by these securities companies. Meanwhile, if you need a website that can provide you with a lot of information regarding the stock market, you can go to premarket stock alerts.

After the account is ready, we must top-up our money to a securities account. Money in a securities account will later function like e-money. With that money, you can buy the stocks you want online.

Well, the transaction fee in question is the cost of buying and selling shares. This fee will be a source of income for the brokerage company in question.

You name it, some securities charge 0.19 percent for purchases and 0.29 percent for sales. There is also 0.15 percent of purchases and 0.20 sales, and so on.

If the costs are lower, investors will also benefit, right? But that doesn't mean the ones that cost a lot aren't worth choosing. It could be that their service to customers is actually better and the application is also good.

After you already know which security you are aiming for, all you need to do is prepare the related documents to open an account.

After your securities account is ready and the trading application is available on your laptop, of course, the next task is to top up or transfer funds to the securities account.

How to play stocks actually can already be started. For those of you who are worried about being expensive, you can start investing with just a cheap budget.

But is it true that with a cheap budget you can profit until you become crazy rich? Of course, you can, but not instantaneously. In investing, it takes time.

Don't hesitate to start investing. However, make sure not to use up all your money at the start.

Just apply the wise way of investing in stocks by using 10 percent of the total cash in your account. With a note, it did not come from an emergency fund. Every month, top-up 10 percent of your monthly income to buy shares.

By placing a large amount of money, the can must be large too. But when the stock price drops again, the loss you will experience is also big.


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