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Posted on 20 September 2012. Tags: shares in the stock market
Buying shares in the stock market seems attractive because films and books often depict rich stock traders leading leisurely lives. It is true that investments in stock can lead you into a highly desirable lifestyle. However, it is hard work making the right decisions that lead to investment profits. The first step is learning where to carry out trades.
You can purchase shares in the stock market through a number of different channels. Traditionally, people used to have to buy seats in an exchange in order to carry out trades. Often, the people in the limited number of spaces performed trades for others.
However, due to the appearance of the Internet and the proliferation of computers and other devices that permit access to the World Wide Web, it is now possible to trade shares from your home. Trading from home was costly both in terms of money and in terms of time. Traders outside a major exchange such as that in New York had to communicate with agents in the floor of the exchange using telephones or even telegrams. Now automation takes care of much of this process.
However, if you are going to trade shares in the stock market, you will need a broker. This applies whether you are going to be on the floor of the NYSE or you are going to trade on your mobile phone as you drive to your day job. There is a wide variety of brokers available on the Internet. You should review their commissions and fees before committing to one of them. These expenses can destroy the profits that you earn trading shares in the stock market.
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