Since the dawn of the web we have been given opportunities which were never available to us in the past. Trading stocks online is just one of many things these advances in computing has brought to the average investor. There are many advantages of buying stocks online, for one you can view stock quotes in real time in brokers platforms and on many websites. But even the best technology cannot make you buy winning stocks.
You have to be fully aware there are many scam artists out there who offer trading systems for stocks or brokerage services who are only interested in taking your money, and not delivering the promises their websites would make you believe. It is crucial you find a reputable broker who gives you quotes direct from the market and not at a skew or spread which benefits only the brokers bank balance.
Notes for buying and viewing stock quotes online
The explosion of internet has made it easy to access stock quotes and get yourself on the investment path. However the need to buy stocks must be backed up with knowledge of how the stock market works. The following paragraphs are suggestions that new investors should read:
Try to do your own research and find out as much as you can about the stock you’re investing in. The more you know about a stock and how its quotes behave the better chance you will have of making money from it.
If you have no funds in your trading account you won’t be able to trade. If a trading opportunity arises you need to be able to act fast before the stock quote changes.
It is always best to use limit or market orders to enter into a trade, depending of course on your fund. Limit orders will stop you buying a stock at a price which is too high or too low. Just remember that limit orders are less risky than margin orders.
Try to diversify in your investments and stock portfolio trades. Probably the best way to limit your own risk is to diversify your investments by trading stocks from different sectors. Remember the old saying never put all of your eggs into one basket. You must diversify and look at stock market news to see which sectors are performing and which ones are not.
To view up to date stock quotes, and stock prices every day including news and data tools visit NYSE Stocks.