What's the best way to buy stock on the market?
Asked 4 years ago
Hi, I'm just starting out with market trading. Do you recommend I buy stocks through PayPal or by debit/credit card? Tia.
Andrew Moran
Friday, July 02, 2021
Welcome to the world of stock trading!
First, you will need to sign up for a brokerage account either through your financial institution or a company like Robinhood, WealthSimple, eToro, WeBull, or Interactive Brokers. These places typically accept PayPal deposits.
Second, you will need to fund these accounts. It not recommended to use your credit card, only with money from your checking, savings, or PayPal account that you can afford to lose. You can use a CC, but be sure to pay off the balance as soon as possible.
Third, do your research and due diligence. Know the basics of stock trading, start small (especially with a market at all-time highs), and outline your objectives.
Hope this helps!
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