Opening Your First Brokerage Account



Next video:
Loading the player...

Learn what steps you should take before you open your first brokerage account.

Related Articles
  1. Managing Wealth

    What's a Brokerage Account?

    A brokerage account is a contractual arrangement between an investor and a licensed securities broker or brokerage.
  2. Trading

    Pick the Right Brokerage Account for Options Trading

    Follow these steps to pick the right options brokerage account depending on your trading needs and style of trading.
  3. Trading

    10 Tips For Choosing An Online Broker

    This important investment decision happens before you pick your first stock. Find out how to get it right.
  4. Personal Finance

    6 Steps to Become a Real Estate Agent

    Here, we'll show you the main steps to becoming a successful real estate agent.
  5. Retirement

    The Rise of 401(k) Brokerage Accounts

    Many 401(k) plans now allow participants to trade stocks and bonds by offering brokerage accounts inside the tax-deferred plan. Good idea or too risky?
  6. Markets

    Margin Trading: The Dreaded Margin Call

    In the previous section, we discussed the two restrictions imposed on the amount you can borrow. First, the initial margin, which is the initial amount you can borrow. Second, the maintenance ...
  7. Retirement

    The Bottom Line

    Congratulations! You have finally reached the finish line. If you followed the steps in this tutorial, you should now have at least a reasonably clear idea of where you are financially, how your ...
  8. Managing Wealth

    4 Behaviors That Sabotage Your Investment Goals

    If you can't figure out why you're not achieving the returns you want, these behaviors might explain why.
  9. Investing

    Handling High-Yield Savings Accounts

    Is this the savings route for you? Read on to find out what these accounts have to offer.
  10. ETFs & Mutual Funds

    Women: Invest In Your Financial Literacy

    Learning about money may seem intimidating, but it's not as hard as it looks.
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center