Stock Trading 101
Stock Trading works for many investors because it is a lucrative method for earning a profit. You do not have to use large sums of money to get started buying stock picks and you will be able to liquidate
Before we consider stock trading, we should be acquainted with its basics and the jargon used by the brokers. The basic steps and the jargon go hand in hand - trading means buying and selling of stocks. This buying and selling or trading of stocks happens in two ways - electronically and off the exchange floor. The NYSE trades stocks off the exchange floor and the NASDAQ, electronically.
The electronically traded stocks work off a computer network on the NASDAQ and matches buyers and sellers. You can find pension funds, mutual funds, and more. Most prefer this method of trading. The reason for this preference is the advantage of keeping up with your investment and working from the online network. You still need a broker in order to access the NASDAQ. You can keep up with your investments while beefing up your portfolio.
This is how the NYSE works - You engage a broker to buy shares of a company. The broker's order clerk sends the order to the exchange floor clerk, who informs the Brokerage's trader on the floor. This broker finds another broker willing to sell these shares.
All the work is done by the brokers because they work together and are familiar with the others stocks. Once the brokers agree on a price the brokerage house contacts you with the price offer for the stocks and you agree or disagree. You will receive through the mail, confirmation of the transaction. The daily basics are dealing with blocks of stock. Then trading, using complex details and trading methods.
After the deal is finalized, you receive a mail confirming the deed. This was the basic deal; large blocks of stocks are traded everyday in complex detail, involving complex trading. - 23204
Before we consider stock trading, we should be acquainted with its basics and the jargon used by the brokers. The basic steps and the jargon go hand in hand - trading means buying and selling of stocks. This buying and selling or trading of stocks happens in two ways - electronically and off the exchange floor. The NYSE trades stocks off the exchange floor and the NASDAQ, electronically.
The electronically traded stocks work off a computer network on the NASDAQ and matches buyers and sellers. You can find pension funds, mutual funds, and more. Most prefer this method of trading. The reason for this preference is the advantage of keeping up with your investment and working from the online network. You still need a broker in order to access the NASDAQ. You can keep up with your investments while beefing up your portfolio.
This is how the NYSE works - You engage a broker to buy shares of a company. The broker's order clerk sends the order to the exchange floor clerk, who informs the Brokerage's trader on the floor. This broker finds another broker willing to sell these shares.
All the work is done by the brokers because they work together and are familiar with the others stocks. Once the brokers agree on a price the brokerage house contacts you with the price offer for the stocks and you agree or disagree. You will receive through the mail, confirmation of the transaction. The daily basics are dealing with blocks of stock. Then trading, using complex details and trading methods.
After the deal is finalized, you receive a mail confirming the deed. This was the basic deal; large blocks of stocks are traded everyday in complex detail, involving complex trading. - 23204
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posted by X - Men @ 2:05 AM
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