A step by step guide to using your online share trading account
Online share dealing is a relatively recent innovation.
Yet there are are few people who can navigate the internet who can't then fill out a form and open an online share dealing account in very short order.
That's the good news. For beginners it might at first seem daunting.
But if you follow our step-by-step guide to online share dealing it should become a sinch.
Not all online share dealing sites have the same look and feel, but most of the general principles apply.
You have to place a buy and sell order at the right price for the correct number of shares.
And the online share dealing pitfalls are identical.
Basically, you don't want to find yourself buying 5,000 shares in Associated British Food (ticker ABF) for £7.60 each and at a total cost of £38,000, when what you actually wanted was 500 shares in Associated British Ports (ticker ABP) worth £3,600.
With online share dealing, getting a simple thing like the company's name wrong, or forgetting its ticker code (known in the UK as its EPIC) are two of the most common mistakes.
And it can be costly if you then buy too many shares.
There are many other simple pitfalls and pratfalls.
Not because online share trading is complicated, just that banks and brokers assume a little more basice knowledge than you have.
To open an online share dealing account press the link below: