Welcome to TradeStation, your place to claim your financial edge. Today, we'll be diving into the basics of how you can start investing in the stock market with steps you can take to begin your investment journey today.
Why invest in the stock market?
Investing in the stock market can have many benefits such as the potential to earn income and build wealth. However, like anything else, it’s important to understand the risks involved with investing in the stock market.
This video will aim to provide you with insight into taking your first steps to learning how to invest in the stock market as a beginner.
The first step to investing in the stock market is opening an account with a brokerage like TradeStation.
A brokerage house is a licensed firm that provides access to trading exchanges.
Order Types:
Market Order: This says you want to buy or sell a certain number of shares in a particular company.
Limit Order: If the stock you want to buy is too high, you can place an order for a lower purchase price and wait until the stock falls to your price. If the stock never falls to your price, then the order never goes through, and you don't purchase any shares.
Day Order: expires at the end of that trading day.
Good –Till-Canceled Order: stays in effect until the order is executed or you cancel it.
Stop-Loss Order: an order type to help protect your positions.
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