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Since the first stock started trading on a stock exchange, the stock market has created millionaires. This has not changed since then. Stock trading can be an exciting hobby or a very profitable career. While many still invest the traditional way and buy stocks for long term gains, more and more people trade online and make profits even intraday.

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.

The fascination of online stock trading lies in the immediate feedback of your trading strategy. Your buy or (short) sell is executed almost immediately and you can see your profits and losses in real-time if you wish. You have everything at a glance, your stock quotes, charts, indicators, fundamentals and news. Everything at your fingertips.

Today there is almost no difference between a trader behind a trading desk at the bank and a private investor sitting behind his home computer. Both have cheap access to real time data of all the stocks they like to follow. The only difference might be the money an institutional investor has compared to a private trader.

If you want to invest online then you must decide if you want to do everything yourself or if you need advice from an experienced investment adviser. A full service broker can give you a helping help with all your questions you might have but he will charge of course for this service. A discount broker will just offer you fast and cheap order execution and you will have to make all trading decisions alone.

Many are attracted by the fast profits you can make in the stock market. In fat it is possible to buy and sell stocks with a profit within seconds today. But be aware of the trading costs. A trade can easily cost you $5 or more and if you trade frequently, this adds up to a big sum. There are many discount brokers today but when the trade execution takes more than a minute then you probably should try another one.

The trading platforms you get from your broker vary in performance, reliability and costs. If you are just starting with online stock trading then choose a known broker like Schwab for example. They have simple and easy to use trading platforms. Once you get more experienced and an active trader you might consider getting one of these direct access trading platforms. They cost something but offer a lot. Daytraders are using them to get filled in a split second.

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.