The first step to buy shares online is to open an trading account with any registered share broker. One will then be given a user id and password with which you can open your Brokers Web page or Software. After logging in, one needs to select the company whose shares you need to buy and the number of shares and of course, the price at which you want to buy.

But that is not all. There are many important things which one needs to keep in mind before clicking your mouse. Buying shares online is an easy job. Find a reputable stock broker and send small deposit. If you are a first time buyer, then go slow. Start small and stay small. Bid for not more than a week. Watch the share for the week and see whether the stock has risen. Else withdraw your share amount. One share more in value means a lot of income. If you wait for a long period, the share might fall and you may land up in a loss.

Read trade magazines about the company in which you have invested.  Another important point to remember is that selling shares is expensive as the Tax Department takes share in your profit. So overall, it’s like gambling.  Another problem is that many stocks are not insured. In such case, if there is bankruptcy, you will have to bear the loss.

All online brokers in Australia must be licensed. This will help you not to be cheated. Compare all the online brokers. See who is offering the best deal. Monitor all the progress of your orders and save it for future reference.
In case you cannot access the broker’s site, keep an alternative so that communication is smooth.

If you follow these simple steps, buying shares online will become easier.