How to Invest With Free Stock
- 1). Open an account with many of the discount brokerages that allow free stock or paper trading. Almost all of these brokerages now allow paper trading to entice retail traders to at least open an account even if the account is not initially funded. It is one of their ways to attract new customers.
- 2). Create a stock trading journal that you can use to track your stock trading. This journal should detail why the stock was selected using your approach whether it be based on fundamental analysis, technical analysis or both. Also, include date entered, date exited and the resulting profit or loss.
- 3). Place a paper stock trade with the discount stock brokerage you selected and track it each day in your online account that has been designated for free stock investing.
- 4). Record the details in your paper stock investing journal once the stock investment has run its course. Analyze each paper trade that has been recorded and determine how you can tweak it to improve your results. Continue this free stock investment process until you are confident to use real money. It will take a little time, but for the investor that has the discipline it is an exercise well worth being carried out.
Source...