Everything you need to know to buy stocks online for beginners
Get help to buy stocks online for beginners
Where to buy stocks?
eToro is a popular stockbroker with over 20 million users in 100 countries, which is fully regulated and secure that also offers insurance of up to 1 million from Lloyds of London.
eToro is an all-in-one trading platform where you can also buy commodities, currencies, ETF’s, cryptocurrencies and has the option of copy trading too.
eToro offers commission-free stock trading, seamless account setup with a social media experience.
How to setup an account to buy stocks?
Sign up with all required personal details such as name and email address.
Verify your eToro account with Proof of Identity such as your passport, also verify proof of address by uploading a copy of a recent bank statement, etc.
Make a first-time deposit, the minimum amount starts at $50 in specific countries, $200 in most countries but can be more in a few countries.
Start trading and buying stocks.
How to buy stocks online for beginners?
Select your investment amount, remember to start with disposable income, or even start with the virtual money account that eToro offers.
Buy stocks that are high-capital and that you are familiar with or use their products such as Apple, Colgate Amazon, etc.
Buy at least 5 stocks in different business categories to diversify and for risk management.
Remember to buy stocks when there down and sell when they rise, always research stocks before buying.
How to buy stocks online for beginners? N.02
My stock trading strategy and watchlists.
Go to Finviz stock screener and search for high capital stocks that are oversold and below the RSI line of 30.
Research that the stock has an analyst rating of buy and the current price is near the lowest analyst expectation for the next 12 months.
Research the stock news on Google to make the reason why the stock dropped in price is short-term and then I buy the stock.
Get help to understand eToro copy trading
What is eToro copy trading?
eToro copy trading enables you to copy popular experience eToro traders by replicating everything they do on their account, when they buy and sell stocks your selected investment amount copies the trades automatically.
Essentially you can have other people trade on your behalf. It doesn't cost anything extra but you will pay the normal spread fees when you buy and sell stocks.
Before you copy a popular investor you can view all their past trading activities and gains, their risk score and view their profile to learn about their trading strategy. The minimum investment to get started is $200.
Reviews of some of the popular investors you can copy on eToro
Rubymza is a solid long-term investor that uses fundamental and machine learning to research stocks, she focuses on a diverse portfolio to lower risk while offering great returns. Rubymza is originally from South Africa but lives in the U.K and has an MBA degree in machine learning. She recommends you copy open trades with at least $1000 for 3 years plus.
Campervans is long term trader specializing in stocks and ETF’s, he is a private banker from the U.K but lives in the United Arab Emirate that has managed the wealth of some of the Forbes top ten rich list. He uses a core and satellite strategy and invests in forward-thinking and growth stocks. He recommends copying open trades with at least $500.
Get help to buy stocks to day trade
What is day trading?
Day trading is the process of buying and selling a stock within one day. It is one of my favorite ways to trade as it can be very lucrative but can have challenges for newbies and takes time to master before you perfect and practice your strategy.
How to day trade for beginners?
My main day trading strategy using earning reports. One trade a day.
My second-day trading strategy is what I use when there are no premarket earning reports, instead, I use a positive catalyst which is good news for a company and I use support and resistance points to find an entry point to buy the stock when the stock market opens. I look at the patterns and price changes to determine when to sell and look for at least up to 3% profit.
Questions I get asks a lot
Is eToro safe to buy stocks?
Yes, eToro is where I bought my first stocks and learned how to trade, I would recommend it to family and friends. It is fully regulated by the FCA in the U.K, CySEC in Cyprus, and ASIC in Australia which is very important, also they offer free insurance from Lloyd’s of London which gives coverage of up to 1 million.
Who to copy on eToro?
First of all, I would recommend you copy at least two to five popular investors on eToro to diversify and spread the risk. (Even better to copy multiple investors with different trading strategies and stocks).