There is an overwhelming amount of financial advisors in the world today. There are many people who benefit from a financial advisor but for the majority of us, a financial advisor is not needed. Most brokerage firms do not want to help you if you have less than $100,000 to invest. Here I will outline two secrets to get beginners trading stock on their own without a financial advisor.
Tip 1: Open a brokerage account. The first step to trading stock is opening a discount brokerage account. A discount brokerage account allows you access to purchase or sell stocks without an advisor. These accounts are different than traditional brokerage accounts as they are charge lesser fees and you do not receive any advice. You really do not need the advice, most times the advise you would receive from an advisor is information already accessible to you. They do not always have the inside scoop and if they did have the inside scoop they could not tell you. Giving a client information that is not already public is call insider trading and it is a felony. The information the advisor provides could be found by you saving you unnecessary fees. Once you open the account it is time to start trading.
Tip 2: Tailor your investment plan to your personality. There is no "one" way to investing in stocks. Once you learn and understand the basics you can make your portfolio represent who you are as a person. You can not do everything the television commentator says. If you are interested in retail stores it would not make sense to invest in banks because some hot shot billionaire says this is where you should invest.
These are the two secrets to beginners trading stocks. I would also add to make sure you are comfortable with your trades. It does not make sense if you can not sleep at night because of your choice in stocks. Your first objective is to avoid major losses. If you protect your capital, you can always find ways to make money.
If you are serious about your financial future you can get a bunch of great information and a trial offer from http://www.squidoo.com/IBDinvestor
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