Exchange Canadian Stocks Online

• 1). Save money for future investments by working through a discount brokerage firm with offices in Canada. Major firms like E*Trade, Ameritrade and Questrade allow traders to invest in Canadian companies without spending a lot of money on trades.
  
  
• 2). Spend additional funds early in your Canadian investment career by working with a full-service brokerage company. Local and regional dealers like State Street Global Markets in Toronto charge higher brokerage rates than discount firms but provide comprehensive client services.
  
  
• 3). Create an online portfolio through your brokerage firm that reflects your trading and contact preferences. Most firms give traders various options when customizing their online portfolios, including pricing updates and searchable trading histories that are helpful for quick investing decisions. Look over contact, payment and tax information carefully to avoid problems when dividends are distributed to investors.
  
  
• 4). Select the right Canadian stock exchange for your investing preferences. The Toronto Stock Exchange (TSX) and the Montreal Stock Exchange specialize in established firms with years of experience in international trading. Adventurous investors look at listings on the TSX Venture Exchange, which lists computer companies, biofuel developers and other firms that are looking to rise rapidly in Canadian markets.
  
  
• 5). Accumulate free market reports from brokers, stock exchange Websites and independent sources to inform your Canadian investment decisions. These resources offer company reports, pricing histories and product information online to aid investors unfamiliar with the world of Canadian trading.
  
  
• 6). Track stocks and derivatives through your broker's online ticker. Every brokerage firm in Canada with online trading tools provides market updates, including price changes for listed stocks. Some brokers are adopting instant-message, text-message and e-mail tools for investors who want to get regular updates on their investments on the road.
  
  
• 7). Test the speed of transactions through your online brokerage firm by using sample trading tools when available. These tools are similar to mock drafts in sports fantasy leagues and create a more comfortable trading environment for first-time investors interested in day trading.
  
  
• 8). Research the regulatory atmosphere for stock trading in Canada before making your first purchase. Every investor interested in Canadian mining, biofuels and transportation should bookmark Websites in case of complaints and legal issues. An investor who feels that a transaction was carried out illegally should contact the Federal Office of Consumer Affairs, as well as the provincial government's consumer affairs agency.