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First steps

Choosing a broker, placing orders and understanding costs.

Beginner5 lessons

Lessons in this chapter

  1. 1Choosing a brokerA broker is your access to the stock exchange. What should you look for when choosing one?6 min read
  2. 2Order types: market & limitHow you place an order determines the price at which you buy. Market or limit — know the difference.6 min read
  3. 3Costs & feesCosts seem small, but over decades they eat significantly into your return. Know what you are paying for.5 min read
  4. 4Diversification for beginnersDon't put all your eggs in one basket. Diversification is the simplest way to reduce risk.6 min read
  5. 5Periodic investing (DCA)Contributing a fixed amount every month takes emotion and timing out of your hands. This is called dollar-cost averaging.6 min read

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First steps