"With proper training and experience, making money consistently from buying stocks can be simple," says Tradestockamerica.com. They are one of many online information sites that offer an online stock trading newsletter to help their investors continue to learn about the industry and stay abreast with major stock market news.
The Online Stock Trading Newsletter is another site with a newsletter. They cater specifically to a beginning clientele and say that they are "dedicated to providing beginner investing information, stock market education and tips for trading stock online. We are also the publisher of the stock trading book, Online Stock Trading for Beginners. It provides investing basics data, online stock market trading information, beginner investing tips, and general stock market education information."
There are some important steps to take when starting to invest, says Tradestockamerica.com Investing is a complicated process and requires a pretty steep learning curve. Newsletters are one way to continue your education without breaking the bank, especially if the online trading community you join has its own newsletter related to the interface that you use.
The tips below are from Tradestockamerica.com. For more information, see their website.
"Before you buy any stocks with your hard-earned money, you want to pick an investment strategy that fits your lifestyle, personality, and risk tolerance level," says the site. "Start studying the stock market and then paper trade. Pay particular attention to the Trading Rules. Once you consistently making money using a specific trading strategy and are smoothly following procedures in the course, you should be ready to buy stocks using real money. Remember that paper trading is hypothetical whereas buying and selling stocks using your own money adds an important factor to the process--your own emotions of fear and greed."
"Next, open an account with an online brokerage company. The five major online brokerage firms are Schwab, TD Ameritrade, Etrade, Fidelity and Scottrade. There are also a handful of other smaller firms. Any one of these firms will execute stock trades on your behalf with your directions given online or on their trading platform software. They will route your orders to an exchange's market for execution."
"Send an initial deposit to fund your new online brokerage account. The minimum varies depending on the brokerage firm but it usually ranges from $500 to $2000. Then, make sure you complete and return all forms to the brokerage company. They are required to report all of your transactions to the IRS so they will need your complete information. Using your online trading account, after you decide what stock you want to buy or sell short then enter your price, order type, and total shares to purchase. Make sure you follow the rules on keeping your position size small relative to your account size. You will then receive an electronic notification (can be via email as well as a confirmation on the website or trading platform) that your order was filled and you will be able to see the shares in your account."