Mike Swanson's picture

How To Open An Online Stock Trading Account Easily - Mike Swanson (02/21/10)

Opening a stock trading account yourself is rather easy. What you really need is your diligence and dedication of time. Once you have found the perfect stock brokers, you can begin trading in no time. And when you have a short term trading stock newsletter you'll know what to do.

You can start searching for the most suitable broker by typing some search phrases into Google or other major search engine. You will find many stock brokers on the result pages. Each broker has its own strength and weakness. You should try to figure out what the broker has to offer and what it lacks.

There are many discount brokers, such as etrade, available now and you can execute your trade at a much lower commission rate than what you had to pay a few years ago. However, most discount brokers lack good execution speed. Execution speed, however, is critical to your success as a trader. Therefore, you may want to demo the trading system first before you throw in your hard earned money.

I think most brokers allow you to open a demo account to try their system first. When you have narrowed down a list of preferred brokers, you should sign up for their demo account in order to experience the trading platform. Also keep in mind that the demo environment is different from the real environment and the result from a simulated account may be greatly different from a real account.

You should also check the various fees each broker has. These fees may vary greatly among brokers and will affect your profit calculation.

Once you have performed the above test and found out a good stock broker, it is time to open a stock trading account. The application process is very fast and easy. After you have opened your account, you can begin trading immediately. But remember to invest only your "free money", and make sure if you loose your initial investment, your life will not be affected.


Sign Up Below to My Free Weekly Newsletter

Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.

After I retired from the hedge fund world I setup this website and blog. If you sign up for my free weekly email list below I’ll send you an update on average about once a week on my views of the current stock market trends and share with you actionable investment ideas.

Now I cannot promise you that every stock I find will go up in value. I can’t promise you endless 100% returns as others claim they do and as all the disclaimers say past performance does not necessarily predict future performance and you can lose all of your money in the stock market.

This is reality.

What I can promise you is my dedication to doing the best I can for you.

You see the key to making money over the long-run in the stock market is to manage your risk. Once you sign up to my newsletter I’ll send you a series of educational videos and writings showing you how I use stop-loss orders to cut any potential losses and how I use my two fold formula system that combines fundamental and technical analysis to pick stocks. My goal is to risk one dollar to try to make at least three dollars in my trades by looking for stocks that are priced cheaply on a valuation basis, have high earnings growth, and have excellent chart patterns.

So join my list below and let me help guide you on your journey in the stock market.