Back in I posted about my experience trading on Robinhood, I never knew this article would take off like this. Thank you so much. Thanks again for reading.

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Once you make the first transfer it will take about three days for your money to appear in the app ready to trade. You can try doing some research inside that app about a particular stock, but I recommend using a mixture of tools to find out who to invest in. Overall, the process is made as simple as it could be considering you now are a stock trader, with all the power to make and lose fortunes.

Once your account is funded, the homework starts.

I spent the first three days, while I waited for my money to clear, researching what stocks I wanted to buy. The site I found most helpful was stockflare. At Stockflare you can easily see performance of stocks based on their 5-star system:.

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You can sort stocks by these different variables, as well as filter what sectors and trading styles. Kroger did very well and I still hold it; Petroleo, not so much. I started reading CNBC and keeping an eye on other market trends. Stocktwits allows you to see what other hobby traders are talking about with stocks.

The community is very active and you can get into some great conversations through the site. Robinhood has partnered with StockTwits to add the ability to trade right from within StockTwits.

Read more about it here. In my 3rd month of trading. I got it as high as 8. This is way more fun, though, than just sitting and staring at your money in a savings account. You will not become Gordon Gekko using this app. At least not right away. I learned a few things about the stock market while using Robinhood; some not so pretty things. First off, the big guys are the big guys because they have the money to stay on top.

Last I checked, they were actively working to make this time faster. On the one year anniversary of this article, Robinhood announced Instant.

Which removes the three day waiting period and allows you to reinvest immediately after selling your stock. Goodbye 5 day wait! Before you begin trading with Robinhood, I recommend reading their FAQ to make sure you understand how it works. You can read more here about their plan to offer margin accounts and other plans to generate revenue. Robinhood is not the first brokerage to do zero-commission trades. Others have tried and failed after not finding enough revenue, but Robinhood appears to be on track to succeed.

In a September Marketplace. When buying or selling a stock is made so convenient, investors tend to make rushed, poor decisions rather than waiting to do their homework. I find myself at lunch cheering on the little green highlights in the app as my stocks rise a few pennies.

Never before have I been so educated on the economy and up-to-date on business news. That for me, has been the biggest win so far.

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Robinhood may not be the best option in the long term to stock market investing, but it does bring the barrier of entry to an all time low. A new generation of investors who are use to simplicity and on-the-go tools, now, have a pretty slick app for investing. Thank you so much for reading.

Please follow me on Twitter and Medium to hear more about my perspectives on technology and advertising. Robinhood, for iOS and Android , allows you to make zero-commission trades on the stock exchange.

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