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A Beginner’s Guide to Trading Stocks in Australia

The number of Australians that are trading stocks and shares is growing exponentially, as more people realise the potential that real-time trading offers. Continuous web development has brought us secure trading platforms for real-time trading on the ASX and there is no reason why you can’t join the many traders that enjoy a good standard of living by making the right trades at the right times.

Real Time Access to Listed Australian Companies

To securely buy Australian stocks in real time, you need to register with a reputable trading broker in order to make use of their secure trading platform. Of course, as a beginner, you should not be trading with real money; open a demo account and start trading with imaginary money and after 3 months, take an honest look at how you did. We don’t recommend you start trading for real until you have had 3 consecutive months of demo trading.

Essential Learning Resources

As you would expect, trading in real-time demands a sound knowledge of how the markets work; all the resources you need are available to you when you register with a leading Australian trading broker. There are videos, reports and charts to help you gain a deeper understanding of every aspect of trading stocks and shares; one of the first things to do is learn the many terms and acronyms that traders use. Trading on the ASX is slightly different to other trading platforms and your broker has all the learning resources you will need to become an expert.

Ready for Real Trading on the ASX

After a period of trading with a demo account, when you feel you are ready, you can open a trading account, link your bank account and start trading on a secure platform. There are more than 2,200 Australian listed companies that you can invest in, while the powerful tools are always there to help you.

Free Resources

There are lots of learning resources online for those who wish to learn about real-time trading in Australian stocks & shares; Google can help you find these resources, most of which are free. YouTube hosts some great trading videos that can help you develop your trading skills.

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Cyber Crime

Cyber-security is obviously essential and hackers are very innovative, always looking for ways to steal valuable data.

Here are a few scams to watch out for:

  • Phishing emails
  • Fake websites
  • Unregistered brokers
  • Impersonating brokers

Of course, the real-time trading platform is 100% secure but when you are on other sites, you need to use common sense and if you notice anything out of the ordinary, don’t take the risk.

To summarise, trading Australian stocks & shares requires that you register with a leading Australian broker, an organisation that has everything you need on your journey to becoming a successful stocks & shares trader.

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