5 THINGS YOU NEED TO KNOW BEFORE
ONLINE STOCK TRADING

If you have an online stock trading account, you can buy or sell stocks online as long as you open an account with an online brokerage like OptionsXpress, Fidelity or E*Trade. However, even with the current technology, trading online can still feel intimidating and hiring the right online broker can make a difference in the right investment decision.

Trading stock online can be a great source of primary or supplemental income as a work from home option. But to really maximize the opportunity, it’s important to know what online trading really means. Read on for things you need to know to have a good experience with online stock trading and investing.

Choose the right online stock trading company

To get a good financial return on your investment, it’s important to do your research with the various online trading companies. Investment research requires getting the right facts and data to make sound investment decisions. Fortunately, many online brokerages provide online tools and information to help investors decide where to invest.

For starters, you’ll want to do some initial research around the company’s reputation. Read customer reviews and comments by other investors - anything that points to issues of mishandling money and personal identity is a sure red flag. How popular has the company been with other users?

Watch Commissions

Trading online is cheaper than paying for a broker. You don’t want to pay hefty commissions for every transaction. Bigger companies however, usually take a large commission than smaller ones so do your research diligently.

Watch hidden costs

Even though trading costs are much lower than what you’d pay a broker, watch for hidden costs and facts that are usually revealed in the fine print. For example, you may need to keep a minimum amount in your account balance otherwise you’ll be charged a monthly maintenance fee. Know what you are getting when you trade. Some mistakes may be costly.

Choose a platform that’s easy to navigate

Many of these online platforms can be super intimidating and complicated. Whether you have easy or complicated trading need, you still need an easy to navigate platform that will help you get acclimated to the online trading environment. Will you need any special software or online tools for trading? It’s best to choose one that’s easy to navigate and use so you can focus on your trading needs that will help you avoid making errors and costly mistakes.

Look for a wide variety of good online trading companies

You should have access to a large selection of good online trading companies to choose from to buy, sell and trade in order to maximize your return. More in this case, is certainly better so you can learn about the various companies and choose the best one for your investment.

Becoming an educated consumer is no different when it comes to working with online trading companies. Knowledge is power! The more knowledge you have, the more confident you’ll be with your stock market endeavors

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There are a lot of great places to while away the hours on Reddit. "Today I Learned" is one of our favorites. On TIL users upload random information they learn, sourcing it back to where they learned it.
As a service to GlobalPost readers, we've compiled some of the most interesting posts about the world.
From illegal chewing gum in Singapore to the adoption of full-grown men in Japan, you're bound to learn something, too. We promise.

1. TIL that an Ethiopian girl was kidnapped and beaten until a pride of lions chased her attackers off, then the lions stayed and defended her until help could arrive

Who says dogs are more loyal than cats? In Ethiopia, a group of men chase and beat a 12-year-old girl, trying to force her into a marriage. But a group of lions scared the men off and then stayed by the girl’s side until her family found her a few days later. Experts say the girl’s crying may have sounded to the lions like the meow of a young cub. But locals say it’s a miracle as the lions are often considered a serious threat to locals.

2. TIL Norway has no minimum wage, but its McDonald's workers make 16-24 US dollars an hour.

A coalition of groups rally in front of a McDonald's in Harlem during a protest by fast food workers and supporters for higher wages..
Working at McDonald’s isn’t just for Norway’s dropouts. Norway doesn’t have minimum wage, but McDonald’s workers make the equivalent of 16-24 US dollars an hour depending on their age. Compare that to the $7.25 they’ll offer as minimum wage in the United States and it might be worth the investment to take those burger-flipping skills abroad. You’ll make more than twice as much.

3. TIL buying or selling chewing gum is illegal in Singapore.

If you’re in Singapore hoping to buy some chewing gum after your coffee or lunch break, you’re out of luck. The sale of chewing gum is forbidden in the country. The only reason gum can be imported is if it’s for export elsewhere. This law came to be after officials apparently noticed copious amounts of discarded gum on sidewalks and streets. If you’ve got gum, you can chew it, but be discreet. If you’re not spitting it out in a trash can, beware: great fines will apply.

4. TIL Chad and Romania have identical flags, as do Indonesia and Monaco

Citizens in Chad and Romania may face a national identity crisis when they realize their flags are exactly the same. It’s true; each features a blue, yellow and red stripe, running from left to right. Those in Indonesia and Monaco are in the same position. Their flags are also identical, with a red half on top of a white half. But honestly with 196 countries in the world, there are only so many color and pattern combinations left to choose from.

5. TIL 90% of all adoptions in Japan are adult adoptions, mostly men in their 20-30s.
Forget cute babies. Why go through all of the hassle of raising a child when you can just adopt the end product — a well-adjusted man in his 20s or 30s? In Japan, that’s precisely what’s happening with 90 percent of adoptions. Why? Families are adopting full-grown men to ensure heirs to their companies if they lack a son of their own or don’t trust him to carry on the business.

6. TIL Korea's DMZ is one of the world's most abundant and well-preserved natural reserves.

A flock of wild geese fly over a barbed-wire fence near the Demilitarized Zone.

If there’s any group that thrives on conflict between North and South Korea, it’s the wildlife. A de facto nature reserve has grown in the de-militarized zone between the two nations, and either war or peace could disrupt that balance, experts say. The zone houses several rare species native to the region, including rodents, birds and deer. War would o

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