How To Buy Stocks For Beginners 📈 OPENING A TRADING ACCOUNT

MY EBOOK! http://www.ryanoscribner.com/stock-trading In this video about how to buy stocks for beginners, we will discuss how to open a trading account. Before you start a trading account, you should have a minimum of a 6 month cash reserve set aside as an emergency fund. There is nothing worse than being in a down market and being forced to sell for personal reasons. Trust me, I have been there. This should be enough to cover all of your living expenses over the next 6 months. How To Buy Stocks For Beginners: If you are looking to trade stocks and ETF’s you need a brokerage account. Online discount brokers are a good option for beginners. Popular choices are Fidelity, Charles Schwab, TD Ameritrade, Etrade and Scottrade. Each broker offers different perks, do your research and see which one best suits your needs. Remember, if you are planning on carrying a low cash balance make sure you won’t get clipped with a maintenance fee. How To Open A Trading Account: 1. Establish a 6 month cash reserve. 2. Research and decide on a stock broker. 3. Open a trading account. You will need to provide proof of identification when you do this. They may ask for SSN/Tax ID, driver’s license or passport information, employment status, annual income, net worth and investment objectives. 4. Transfer funds from an existing bank account. Your broker may also allow you to mail in a check or wire funds via western union. 5. Familiarize yourself with the market order types offered by your broker. 6. Familiarize yourself with the trading platform. Cash Account vs. Margin Account A cash account is what the majority of investors are looking for. With a cash account, you pay for securities in full at the time of purchase. A margin account is completely different. If you open a margin account, your stock broker has the ability to loan you money. Interest is paid on this money if it is used. If you decide to open a margin account, you need to be familiar with a margin call. This is where a broker firm can require you to deposit cash or they can sell ANY securities in your trading account to cover a loss. Familiarize yourself with the brokers policy on this. Uninvested Cash Your stock broker may offer an option to invest your cash balance in a cash management system or a cash sweep. This can allow you to earn a small interest rate or dividend on your uninvesed cash. I hope this video about how to buy stocks for beginners helped you become better informed about the process of opening a trading account. If you have any other questions about how to open a trading account or any other topics related to investing please reach out to me in the comments below! Website http://www.ryanoscribner.com Follow me on Twitter! https://twitter.com/RyanOScribner Personal Fitness Coaching http://www.ryanoscribner.com/shop If this video brought value to you, please leave a like! If you are looking to find out more about anything I discussed, drop me a comment or contact me on Twitter. Subscribe to be updated on my journey through life! About Me: My name is Ryan Scribner. I am a nutrition and fitness crusader and I consider myself to be a life student of personal development. I am also an investor. I went from being an overweight college student to living at 8% body fat. About two years ago when I started weight lifting, I was completely clueless. I never played sports in high school and I had no base level of fitness established. I made many mistakes, but over time I developed an understanding. I want to help others develop the body, spirit and mind they deserve. In making mistakes along the way and learning from scratch, I have a lot of value to bring to the table. I recommend my content to those interested in the accumulation of wealth, fitness and nutrition as well as personal growth and development. Recently, I made my own happiness a priority after living with depression for over a year. I want to share with you exactly what I did to get to a state of perpetual lasting happiness. I have also spent a great deal of time learning about investment and wealth accumulation. While money alone doesn't bring happiness, it allows you to experience many things which do bring happiness. Start the journey. Involve the right mentors and coaches. Learn.

Comments

1. Ryan, help me.
2. would you suggest starting an account with capital one
3. Thank you so much for your informative videos. I am new in the tradiding business and I am debating if I should pay a mentor to teach me about trading. What do you recommend? Because I am just clueless about trading. Thank you very much
4. hi pls would you help me to buy stocks
5. great video Ryan ! the first video about stocks that i have watched, where i felt like this guy is for real.
6. How old do you have to be to start trading? I talked to my local bank about speaking with a stock broker and they looked at me like they had no clue what that was, they eventually told me that I would have to get a credit card to start trading but I'm only 16, are they any other ways?
7. Thanks for taking the time to make this video. I haven't started trading yet but I will as soon as my cushion is in order thank you!!!
8. what's the name of the website that compares all the different online brokers
9. All I can ever find anywhere is strategy videos/ things to do and not to etc. so u know where I can watch someone do a walk through with an actual trade and show us to use a specific platform and all it's features?
10. I recently got involved with Robin hood. Any thoughts?
11. Hi, what do you think about Plus500 app for IPad?
12. Where can I buy your e-book?
13. I know almost nothing about buying and selling stocks. Are there any books or other videos you could recommend? There are a lot of shysters online peddling BS.
14. Whats the min amount that you must put inside scottrade ?
15. Hi guys. Everyone can help me to open a trade account from outside US?
16. thanks for the video man! It was very helpful.
    Kindly recommend me any online broker website for international trading. I live in Pakistan. Am I eligible for stock-trading via the websites you mentioned in your video?
17. Thanks for knowledge :)
18. I subscribed after I saw the second video. keeping it simple that's what i like!
19. Gave up listening @ 2.00 min ............ yawn
20. i need to know when its good to invest 100 or 1000. is it better when its going up. when to get out ...do u have a video on that should i split 1000 in ten dif trades of 100