How to Trade Stocks

Bahram Negahban & Amrit Sian
Many people are confused about how to trade stocks, many questions arise such as what brokerage to use.
Once people set money aside, they often decide to just leave it in a bank account. Although some savings accounts do offer a 1-3% return, they are basically just paying their customers for inflation. A smarter thing would be to transfer money into a brokerage account that would actually get a return on the money put in.  The reason why many people decide not to partake in the stock market is either they do not have an applicable amount to, or they think it is too much work. Although finding a simple-to-use brokerage may concern people, there are many free and simply ones out there. 

Although many application critics list Robinhood as one of the more unreliable brokerages, it serves its purpose by being user-friendly and simple to use. Robinhood includes the ability to buy fractional shares. For example, if someone is interested in purchasing stock from Amazon, valued at around $3,190, instead of buying a full share which would cost the face value, you could buy $100 worth of that share instead. This is a handy tactic for many users as some company shares cost a lot, and not many people have a sufficient amount of funds to purchase them. Another more reliable but a little less user-friendly application is called Webull.

Webull, although more reliable, does have some issues with its user interface. Through application reviews, many people enjoy Webull because they offer similar features to Robinhood with additions such as a more useful graphing interface. As long as users take the time to learn the software, Webull is a great option.

Both of these brokerage accounts offer easy-to-use investment tools, and either one would allow you to invest in most of the currently traded stocks.
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