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Getting started with investing

So, you're ready to take that leap into the world of investing? Congratulations, you've made an important decision. And you've now come to the right place to get you started. In this article, we'll walk you through suggested steps to getting started so that you don't have to feel like you are taking a giant plunge into deep waters

1. Gaining Knowledge

The first step into this new world consists of gaining knowledge. You will not feel comfortable investing until you have a basic knowledge of the vocabulary of this new world.

2. Practice

We're sure you've heard the phrase, "Practice makes perfect." Well, investing is similar to that; however, know right now, you'll never be a perfect investor. Even the Warren Buffet's of the world have negative returns at times. But one thing that will certainly help as you begin investing is to practice the principles that you learn.

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One way to begin practicing is to set up a practice account on one of many websites. These accounts are free and they allow you to invest in companies with fake money so that you can see how you do. Some of the websites that offer such accounts are the following:

These accounts offer a great way to get started by practicing with fake money so that you don't have to learn the hard way with real money.

3. Open an online broker account

There are many online broker accounts to choose from. Some of the most popular are the following:

4. Start trading

Apply the principles you've learned with real money and begin trading in your account.