Browsing the Internet and checking email on a smartphone can sometimes feel like two-billion-dollar pieces of junk: they drain your battery, waste your time, and distract you from everything else. Unfortunately, that instant gratification makes creating an online account to access free stock trading so enticing.
It can be overwhelming if you are new to the world of exchange trading. Fortunately for you, though, we have put together this blog post with nine tips to help you learn something new about this type of investment without losing money — all without spending a penny.
1. Free to trade.
Even though the term “free” implies that you won’t need to spend any money, it’s never really free in this business. However, there is one thing that you can do without spending a single penny: trading your own money! As long as you are willing to risk a few thousand dollars and stop using real-money trading accounts, there is no reason why you cannot start with zero in your account and put it all on the line just like traders before you were able to do.
2. The market is on your side.
The free stock trading world has seen the recent popularity of “penny stocks.” Penny stocks are usually small-cap stocks with a market value of less than $5 million, so we can see the million-dollar opportunity for a small amount of money invested.
When you decide to trade penny stocks, you will have to deal with high volatility and fast trading because there are so many new investors in the stock market — many of which do not have time to learn the ins and outs of it all before they start buying penny stocks. As such, penny stock trading can be dangerous if you don’t know what you’re doing.
3. Margin trading with real money.
When you start margin trading with real money, the world of exchange trading will open up to you in a considerable way. Having a margin account means more accessible access to different markets, futures contracts, commodities, and currencies if you want to start playing around with your investments on a much larger scale than before. Because of this increased accessibility, having a margin account offers you many more options.