Sunday, June 5, 2011

How to Start Investing/Trading in the Stock Market

I have talked to some friends who have been interested in investing in the stock market for a long time it's just that, they don’t know how to start.  Well, I told them, if you’re really serious in getting involved with the stock market, have the extra money to invest or trade and you are willing to take the risks (which can actually be managed), getting started is just simple.

The only thing you have to do is to open an account with a stock broker.  It is the only way anyone can transact business with the stock exchange.

There are a lot of licensed stock brokers in the Philippine Stock Exchange, you can visit the PSE website and click on the trading participants to get the complete list.  The list is really long that if you’re new in the stock market, it would be a headache to choose which stock broker you are going to transact to so this is where information from friends and some research can help.

In my case, I chose the stock broker recommended by Bro. Bo of Truly Rich Club which is the Citiseconline.  I'd been reading books, articles and newsletters written by Bro. Bo, in fact, it is from his writings that I learned about the stock market so it's just natural for me to follow his recommendations.  But of course, before I opened my account with Citiseconline, I did my own research.  I browsed their website and attended the free seminars they offered and so far, two years after opening an account with them, I’m satisfied with their services.

Once you have opened an account with a stock broker, you can now buy your first shares of stocks of any listed company you want to.

Happy investing everyone.