So you want to start up a new business? You’ve done your research into the existing businesses and checked out your competition whilst gaining some hands on experience along the way. You’re armed with your business plan, outlining your every move from your objectives, strategies, and target market to your financial forecast. There’s just one little hurdle left to leap over, the decision and arrangement of business finance. So, start filling up your portfolio. Choose the stocks you want to follow and get them at the price you think is reasonable. You can use the stock screener in some of the sites. You can look for stocks that pay dividends or stocks below $10 in the oil sector or in the transportation sector. This will make your choices more focused.
I have to admit, while I read a lot before opening the account, I did not practice first. Looking back now, this would have been helpful in understanding the terms and the tools used in online stock trading and in honing a strategy without putting money into the learning process. Especially, when so many online brokers will let you play with a practice account. Even Google and Yahoo Finance allow you to do this. Start with creating a practice investment portfolio and learn the stock trading basics.