Online trading is one of the most popular ways investors buy and sell financial products like stocks.
Online trading is the buying and selling of stocks through an online brokerage account. Trading online also allows for quicker transactions compared to calling a broker on the phone. Some investors may look on online trading as a quicker and more convenient way to build wealth, but there are hidden dangers that may not be easy to spot at first.
The main risks of online trading come from the fact that it all may seem deceptively easy. The lower costs and higher speeds of online trading can lead otherwise conservative investors to trade too frequently. As a result, you could wind up selling your best picks when they are just getting started. However, carrying out trades in two seconds instead of 20 seconds or 20 minutes is unlikely to have any real effect on your returns. Price changes in that time frame are largely random. You will never get in or out quickly enough to have an advantage over a professional trader who has a direct link to the exchange.
It is far more important to focus on high-quality, well-established companies and how they fit in your portfolio. The longer you hold these stocks, the greater the chance that your profits will improve. This ties in well with our three-part Successful Investor strategy:
Invest mainly in well-established companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; Utilities);
Downplay or avoid stocks in the broker/media limelight.
A growing number of investors like buying stocks without a broker because they’re able to avoid possible conflicts of interest and save on broker fees. However, it’s especially important to know what to buy if you’re not using a broker
Many investors assume their broker is… Read More
Whether you’re a beginner or an experienced investor, these tips give you fundamentally sound advice on how to buy stocks online and show you how to put them to work in 2022 and beyond–without practice accounts.
Tip: “Practice accounts that let you buy stocks online without… Read More
This year, trading online through a discount broker, rather than with a full-service broker, is increasingly the preferred option for many investors. But risks remain.
The main advantage of switching to a discount broker is lower commissions. And commission rates can be even cheaper if you… Read More
Investing part of your portfolio in aggressive investments can pay off. But buying aggressive short-term investments can put a big dent in your stock-market returns
It’s hard to come up with a fits-on-a-T-shirt description of our philosophy on holding conservative and aggressive stocks. Partly that’s because… Read More
It doesn’t get as much play in the media as it did a decade ago, but even in the strong 2022 market, online trading carries hidden dangers that aren’t always evident at first.
The main risk comes from the fact that online trading may seem deceptively… Read More
Here’s our three-part formula for how to invest in the stock market for above-average gains—and a bonus tip on how not to invest in the market
It pays to keep the mechanics of successful investing in mind when learning how to invest in the stock market.
Getting into the stock market for beginners can feel overwhelming, but only if you go at it without the tips we share in this article.
As many of our readers know, I had the good fortune to get introduced to the stock market early in life,… Read More
Are you feeling unsure of how to buy shares in Canada for maximum portfolio gains? Follow our three-part Successful Investor approach, and at the same time avoid these risky strategies
If you are interested in learning how to buy shares in Canada for maximum portfolio gains,… Read More
We continue to recommend that most Canadian investors hold at least two or three of Canada’s Big Five banks (TD Bank, Bank of Nova Scotia, CIBC, Bank of Montreal and Royal Bank). That’s mainly because of their importance to the Canadian economy, plus their long… Read More
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The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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