When you’re new to investing things can seem a little daunting at first, the prospect of losing money is something that will often be on your mind, the unknown risks involved with trading and being unsure about what to do and how to get started can be enough to put a lot of people off.
In this situation, we often recommend starting out on practice accounts that are readily available online and we will discuss our favorite accounts.
Secondly choosing the right Share dealing broker makes a big difference, a lot of accounts are complicated and will put people off straight away, however with the range of options now it’s so easy to find a broker who provides you with help every step of the way.
As an intermediate investor, you are probably looking to start picking your own stocks and beat the market through your own research and experience, you may be looking for accounts more tailored towards individual stocks with a lot of research tools to help you make informed decisions.
An intermediate investor may want to explore more into the financial results of companies, learning about the technicals of stocks, or even consider leveraged accounts.
We aim to provide you with our guides on what the technical terms mean, how can you read into the charts, where to look for more advanced trading accounts.
Advanced investors often have a lot of experience and a good amount of capital behind them, they will have invested in individual stocks in the past and most likely used leveraged accounts or traded options.
Some products that this type of investor will use have a higher amount of risk behind them and greater losses can occur.
A lot of advanced investors will employ a lot of the methods or use the accounts discussed in the Beginner and intermediate section, this helps to diversify their overall portfolio and spread the risk.
We look at some complex account types and discuss a lot of the methods listed in the intermediate section.