This is the final article of the series on online stock trading for beginners and I will be sharing some stock investment advice. I will discuss about simple money management mainly and a couple of trading tips I found out along the way by forex trading and buying stocks with real money.

After discussing about why an ECN online stock broker is best choice, it's time to compare their online trading software and commissions. If we want to make money by stock trading, we do require the best trading software available and the lowest commission. As the trading interface is a personal preference and what makes me comfortable trading, may make you unconfortable, my investment advice is to make your own decision. Commission does play its role, but in the end if we can't trade efficiently due to the trading software, commission does come second.

The online stock brokers are usually characterized as ECN or bucket shops. In short, an ECN broker isn't interested if you are losing or making money day trading stocks or forex, whereas in a bucket shop you are actually trading against the broker. If you lose money, they win and vice versa. You obviously see that if you make money trading using a non ECN broker, you probably will encounter several kinds of problems. That is why my investment advice is towards an ECN online stock broker. Online investing is a risky business, don't add more risk.

So, you are a beginner to stock and forex trading and wonder how to buy stocks and trade forex from your home. I'll save you time and share what I have found searching online the last months before I finally began trading online US stocks and forex. Because there are a lot of issues to discuss, I'm going to post a series of articles in the next days, each addressing a different aspect of trading. In the end you will be able to setup you trading account with an online stock broker and paper trade your online forex trading system.

Buying stocks and currency trading may seem attractive and something to brag about among friends, but you must be sure you have the discipline to handle variance, drawdown and loss of money. As you have most probably heard, you should always trade with spare money, money you won't need to pay bills and your family won't miss. At first, before even depositing any real money, the best investment advice anyone can give is to paper trade your trading system. Don't get arrogant and think you will make it from the beginning. Perhaps you get lucky and never look back, but we are talking about a very small percentage of online traders and I guess they already had some experience from some other field of gambling.