(Tutorial) How do I start trading stocks?

April 15, 2008

Stocks, Mutual Funds, Forex, Finance Philippines

Make Money Online, Stocks, Mutual Funds, Philippines

How to earn from Stock Trading and Investing I’m ready to start trading stocks, what do I do?

You sure you’re all set? Have you reviewed our stock trading tutorial about the types of stocks and other securities being traded, how profits are made, how much you need to trade stocks, and what types of orders you can make?

If you did and are really ready to go, then read on.

Step 1. To be able to participate in the stock market, you need a stockbroker to buy and sell shares of stocks on your behalf. A stockbroker is a person or a corporation authorized and licensed by the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) to trade securities. For a complete list and information about licensed brokers in the Philippines, contact the PSE.

Step 2. Apply for an account with your chosen broker. Normally, you will need to fill up a Reference Card and submit identification papers for verification. Once approved, you will be assigned a trader or agent to assist you in buying or selling stocks. You will also need to fund your account to be able to start trading.

Step 3. Communicate and discuss with your trader your stock order, then wait for him or her to successfully execute it.

Step 4. If buying stocks, you need to pay the total transaction amount within the settlement date (3 days from date of transaction). If selling, you need to deliver the Stock Certificate, if you are the one keeping it, to your broker.

Step 5. Three (3) days after the transaction, you will receive from your broker either the proceeds of the sale or proof of ownership of the stocks you bought (confirmation receipt and invoice).

Looking for online stock brokers in the Philippines? Read here.

Other references:

Note: This is the sixth of several parts of Pinoy Money Talk’s primer on stock trading and investing, with a focus on investing in the Philippine stock market.

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Written by James | PinoyMoneyTalk.com · Filed Under Stock Trading

Join the discussion! Post a comment below

http://newbiestockinvestor.blogspot.com/ Chris

Sa mga newbie sa stock investing just like me, perhaps you would want to join Bro Bo Sanchez’s Truly Rich Club :-)
.-= Chris´s latest blog ..Investment Guidelines =-.
janah

Supposing you invest your money (P100,000) at 4%/yr interest (e.g. time deposit):

36 years
P100,000 ——————–> P400,000

What you don’t know is that the bank invests your money at a much higher interest rates ~ 12%/year:

36 years
P100,000 ——————–> P6,400,000

P6.4M – P400K = P6M PROFIT by the Bank
= P6M LOSS for YOU

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Thanks very much, I have found this info extremely good!
http://shareholdersportal.co.uk/ ShareHoldersPortal

Best to find a solid company such as a local bank with a dealing service.
http://www.moneysmartpinoy.blogspot.com moneysmartpinoy

Trading stocks has never been easier with the emergence of online stock brokers.
http://moneysmartpinoy.blogspot.com moneysmartpinoy.blogspot.com

I also have an article similar to this. Check this out: http://moneysmartpinoy.blogspot.com/2011/07/how-start-buying-and-selling-stocks-in.html
Dara

Hope someone can help me with my situation here. My mother passed away a year ago and while cleaning her files, we found out that she invested in stocks in three different companies. Now, my problem is how to deal with her stock certificates. I don’t know who her broker was and since I really don’t know anything about stocks, I don’t know how to deal with them to begin with. Any advice will be appreciated.
calvin

Guys,can anyone help and to share more knowledge on me with regards for Stock exchange investment. i started to read some articles about stocks but am still confusing on what really happened inside.I wanted to invest 100k peso. i would rather preferred if there are someone can guide or advice to me.here is my email calklien_195@yahoo.com.ph