After the basic information and knowledge you need to know about stocks, below is the simplest way to invest in stocks for beginners:
Step 1: Find out where to buy stocks according to your needs and purposes.
+ Buy through a full-service broker. You may have to pay additional transaction fees.
+ Through an online intermediary trading platform, the method is considered the most cost-effective today.
+ Buy directly from the company that is issuing shares, buy at a good price but have to go there to buy.
Step 2: Create a trading account on the stock exchange.
+ You need to fill in your personal information when setting up an account.
+ Deposit money into your account to start trading. Depending on the exchange, you will be required to deposit a minimum amount.
Step 3: Choose the type of stock you want to invest in.
+ Before buying, you need to carefully study the information issued by the company, including: charter capital, most recent net revenue and operating report (weekly, monthly, quarterly).
+ Buying stocks that you want to own, not just because you want them to increase in price, will also help you avoid more risks.
Step 4: Decide how many shares to buy
+ Before owning a large amount of stocks, you can consider buying a few or just one stock to know what to do when facing risks or market fluctuations.
Step 5: Place a purchase order in 2 ways.
+ Market Orders: Buying at market price will help you match orders immediately.
+ Limit Orders: Enter the price you want to buy and only match the order when the stock price is equal to the level.
By following the steps above carefully, people can feel more confident when starting their stock investing journey. Remember to always be patient, monitor the market, and learn from each trade.
