Stock market offer opportunity for everybody to invest their money including kids. Even your age still under than 18 years old, you still have chance to join stock market. It will give you many benefits especially for preparing you in financial world when you grow up.
- The easiest way for kids to trade stock is online trading because it will cost less money than the traditional one and you can track the investment. A legal guardian is needed to make a custodial account form that you should fill before you join brokerage. Search which online brokerages that fit for you and compare the service among them. Remember that you should pay at least $500 for opening brokerage account and for every transaction.
- Determine the stocks that you want to invest. You may need to choose full-service of your brokerage account if you are still new in this field. They will give you some advices and manage the process of buying and selling stocks.
- Parents should guard you in every decision you take. You may do not fully understand how market stock work. Therefore, the parents’ role is very crucial in making financial decision. You may get big loss if you take wrong step when you put buy or sell order to accomplish trade.