My First Stock Trade Quest
A step-by-step guide that helps beginners to successfully buy their first stocks within a few days.
Hey, we are happy that you’re here!
Buying stocks and starting your investment journey is much easier and faster than beginner investors usually think. So we have good news for you. We have prepared this step-by-step guide with easy explanations and useful tips that will help you buy your first stocks on your own in no time.
If you follow this guide, you’ll be able to purchase your first stocks by yourself!
“Hey there! Olanrewaju, senior broker expert. At top5broker, we talk to a lot of beginner investors about their struggles to take the first steps in their investment journey. We wanted to ease their pain and help them take their investments into their own hands.
Meet Ajisafe, my colleague who is a beginner investor. She helped to create this guide for you showing the exact steps of her first successful stock purchase.“
Meet Ajisafe, my colleague who is a beginner investor. She helped to create this guide for you showing the exact steps of her first successful stock purchase.“
“Hi, I’m Rebeka, junior PR manager at Tob5Brokers. Opening an account and purchasing my first stocks was surprisingly easy compared with the difficulties and hurdles I expected initially. Hope my learnings will be useful, and let us know if you get lost on the way.”
What can you expect?
- A step-by-step guide how to complete your first stock purchase
- Each step is explained using screenshots and instructions on how to open an account, deposit money and make your first purchase
- You can track your progress toward completing the process
- We’ll provide help if you are stuck or need more information
If you’re ready, let’s start with the first step: choosing a broker where you’ll carry out your first trade.
1. Where to buy your first stock
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Step 1
Why FXTM, best broker for beginners in 2023
Based on our extensive research and testing with live accounts, FXTM is our winner in 2023 as the best broker for beginners, who have little to zero trading experience.
Based on our experience beginner traders need:
Based on our experience beginner traders need:
- transparent, low fees with zero commission
- an easy-to-use mobile trading platform
- and good educational material
FRANCIS
Having doubts?
Don't worry, our partnerships with the brokers we test and review do not affect our scoring and recommendations.
Don't worry, our partnerships with the brokers we test and review do not affect our scoring and recommendations.
2. Prepare for registration
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Step 1
What you need before starting the registration process
For a smooth registration, make sure that everything you'll need is at hand:
- a mobile phone with internet access (desktop works too)
- documents to identify yourself
- a bank account in your name (to make your deposit)
- ca. 45 min free time
3. Step-by-step account opening and trading
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Step 1
Registration with email address
To start the registration process, visit the FXTM signup page in your browser.
Once your account is approved, you can start trading by following these steps:
Log in to your FXTM account using your registered email address and password. Click on the "Deposit" button and choose your preferred payment method to fund your account. Once your account is funded, select the trading platform you want to use (e.g., MT4, MT5, etc.). Choose the currency pair you want to trade and click "New Order." Enter the amount you want to trade and set your stop loss and take profit levels. Click on "Buy" or "Sell" to execute your trade.
- Choose the account type that you want to open (e.g., Standard, Cent, ECN, etc.) and click "Register."
- Fill in your personal details, including your name, email address, and phone number.
- Choose a strong password and fill in your password confirmation.
- Read and accept the terms and conditions.
- Click on "Register" to submit your application.
Once your account is approved, you can start trading by following these steps:
Log in to your FXTM account using your registered email address and password. Click on the "Deposit" button and choose your preferred payment method to fund your account. Once your account is funded, select the trading platform you want to use (e.g., MT4, MT5, etc.). Choose the currency pair you want to trade and click "New Order." Enter the amount you want to trade and set your stop loss and take profit levels. Click on "Buy" or "Sell" to execute your trade.
Remember that trading involves risks, and it is important to manage your risks by using appropriate risk management tools such as stop loss orders and limiting your leverage. You should also familiarize yourself with the trading platform and the market before making any trades.
REBEKA
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