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Online stock trading is exciting. It can be a fulfilling hobby and a source of income. Many millionaires around the world have made their money by investing in stocks. Stock investments can bring lucrative profits short term and long term.

The Internet and the computer revolution made it possible that even your grandmother can place an order to buy stocks online today. Online stock trading has become very easy. Everybody with an Internet connection and a cheap PC can go online today and order shares. Not only in the US market but globally at almost any stock market in the world.

What makes stock trading so fascinating? It is probably the possibility to get instant access to the markets. All the information you need is delivered in real time today at low costs. Stock quotes, fundamental data, news, charts. You can be your own investment adviser and make your own decisions.

If you decide to trade from home or your office than you can have the same data as your investment banker has. Real time data are available at low costs today and the trade execution is almost the same as for the bank trader. Within 1 second you could get filled with your order to buy or sell stocks. However, the bank trader might have much more money on the side line what allows him to trade more aggressively.

There is a variety of online stock brokers today, more than we can count. How to find the right one? First you need to make the decision to trade either alone or together with the help of an experienced trader. There is nothing against doing everything yourself, with a discount broker you safe much fees and you are able to execute your trades yourself without human interaction. A full service broker gives you advice where you need it and does everything for you.

If you are joining the trading community because you want to make quick profits, you are better off with a discount broker. You will trade more often and the cheaper commissions save you a lot of money provided that you make the right decisions and make profits. A broker will charge you around $5 to $10 per buy or sell and the fill through a discount broker shouldn’t take longer than a few seconds or a minute.

There are different types of trading platforms. The easy ones just offer basic order entry methods which are sufficient for the average trader and investor who places less than one trade a day. The more advanced ones offering highly sophisticated ways of routing your order to different market places. The advantage of these trading platforms lies in their execution speed but the handling requires some experience. Day traders who execute up to hundreds of trades per day are using such direct access trading platforms.

An investor has different goals than a speculator. Both want to make money but the strategies are different. There is plenty of room for every trader. You can choose between thousands of stocks every day. The markets are open for more than six hours a day, plus the extended trading hours.