COL Financial Online Trading Guide
As a beginner in the world of online trading, we find it overwhelming to navigate the complex terminologies and multiple investment products. Thankfully, the COL Financial website offers a helpful online trading guide or tutorial that has been specifically helpful and caters to beginners like us. This online trading guide includes the following main topics and more:
- Reading Stock Quotes
- Understanding the Ticker
- Doing some Research
- Executing Trades
- Monitoring your Stocks
The following synopsis is based on the illustrated explanations of online trading provided on the official website of COL Financial, one of the leading online stockbrokers in the Philippines.
Reading Stock Quotes
This section explains the concept of stock quotes, which show the willingness of buyers and sellers to trade in a market. It also highlights the bid and ask prices and their significance in determining the buying and selling prices of a stock. Additionally, the article sheds light on the Last 5 Trades box, which reflects the details of the trade transaction and the current market price. Understanding these concepts is essential for those interested in investing in the stock market and for those who wish to keep track of their investments.
Understanding the Ticker
The PSE stock ticker provides real-time updates on the current transactions of stocks being traded. It displays the active issues and their current market prices and indicates whether the trade is up, down, or unchanged for the day.
Doing some Research
As a novice stock trader client of COL Financial, it's essential to use their research pages to stay informed about our investments. These research pages, including Fundamental and Technical reports, provide financial statistics and trend studies about companies that COL Financial covers. By accessing Fundamental reports, we can learn about a company's potential growth or valuation and use Investment Guides to make better-informed decisions. The daily news briefs keep us updated on corporate issues, which is essential to make informed decisions. Meanwhile, Technical reports offer market trend direction, charts, stock trends, areas of support and resistance, and daily Tech Spotlights for short-term opportunities. With these reports, we can make better decisions about managing our stock shares, which is crucial for a novice trader like us.
Executing Trades
There are four ways we can execute trades, and the process is straightforward. First, we can click on the Order link from the Quick Links drop-down menu. Second, we can click on the Enter Order link from the Trade tab in the main menu bar. Third, we can click on either a BUY or SELL link on my Watch List, Quote page, or 6-Pack page. Finally, we can click anywhere on the Price Ticker to execute trades. These four ways allow us to make trades easily and quickly, which is crucial for a trader like us who needs to be mindful of our budget. In our case, we used the Enter Order link from the Trade tab to execute our first buy order upon activation of our online trading account.
Monitoring your Stocks
As a trader who is implementing an averaging down investing strategy with our current level of investment capital, it is important to monitor our stock positions regularly. We can do this through the Portfolio function on the main menu bar of the COL Financial website. This feature provides information on our positions, market values, gain/loss figures, cash balances, and total equity. By keeping track of our investments in this way, we can make informed decisions on whether to continue averaging down or to cut our losses and sell.
In summary, the COL Financial website offers a wealth of resources and tools for investors of all levels. From real-time stock quotes to research pages and monitoring tools, investors can stay informed and up-to-date on their investments. For beginners, the website's online trading guide provides a comprehensive and user-friendly introduction to the world of online trading. With these resources at their fingertips, investors can make informed decisions and take control of their financial future.
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