Preparing to Trade
Preparing to Trade
Funding a brokerage account is a necessary part of investing your own money. We encourage you to set up a virtual trading account immediately so you can place the trades discussed in class inside your own account to both get comfortable with the process of placing trades (removing a potential friction point caused by technology) and gain confidence in your ability to get consistent results from the markets.
Set up a virtual account:
We believe the real learning is in the doing. Set up a virtual account and use it to follow the trades you see in class. This gets you comfortable with the technology and confident in your ability to get consistent results from the markets.
Choose a Broker:
There are a lot of brokers to choose from and a question we’re often asked is which one is best? We created this video to help you understand some of the vital services brokers offer so you can choose which ones are most important to you.
TD Ameritrade – OCO Orders:
OCO (one cancels other) orders can be entered into TD Ameritrade that links a stock or option purchase to a profit target or stop loss order at the same time. This video shows you how.