Understand the benefits. DSPPs allow you to take advantage of Dollar-Cost Averaging (DCA), which is the strategy of investing with a fixed dollar amount each month regardless of the stock price. Some months the stock price will be high, and others it will be low. However, over time, the average stock price will go down. This reduces the risk of investiAdvertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com receives compensation.
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Bank, and Barclaycard, among others.Advertiser Disclosure Close. There are many online trading companies that allow you to set up and trade stocks online. You may be familiar with some of these companies and new ones are popping up over time. Some of the companies you can look into include E-Trade, TD Ameritrade and Charles Schwab. Whichever companies you look into, you should research them completely. Be sure to find out what the fees are for setting up and maintaining the account, as well as the per trade fee charged.
StepSet up and fund your account. Once you have researched each company and make a decision on which company you want to trade online, it is time to set up and fund your trading account. Each website will have step-by-step instructions on what you need to do to set up your account. Stocks: Direct investmentsDirect investments are where you buy the stock straight from the company.