| Whether you are online trading Canada or in the | | | | guarantee their accounts against fraud. You need to |
| United States, you need to be aware of the potential | | | | be aware though that some online brokers do not |
| for hackers to steal your personal investing | | | | guarantee their accounts against fraud. If you are |
| information. When trading online in the United States | | | | investing online, check your online trading contract to |
| you are allowed to transfer money directly out of | | | | see if you will be protected against fraud. |
| your online trading account to either your personal | | | | There are a number of good stock brokers or Forex |
| account or a third party payment processor. | | | | brokers available for online trading Canada and United |
| Online trading Canada has some checks and balances | | | | States. Each broker will offer different features. |
| in place. You usually can't transfer the funds out of | | | | Brokers will offer an assortment of trading options |
| your account to a third party. The broker that you | | | | such as stocks, futures, Forex, bonds and other |
| have set up your trading account with will typically | | | | types of investments. Online brokers will also offer |
| issue and mail you a check or you can go to the | | | | different interest rates earned and charge different |
| broker's office and pick up a check. Remember to | | | | commission fees for their services depending on the |
| never invest money that you can't afford to lose. | | | | amount of technical support that is required. If you |
| Regardless of which investment vehicle you chose | | | | are a Canada citizen there are some brokers that will |
| there is always a risk that you can lose your entire | | | | not allow you to trade with their brokerage firm. |
| investment. | | | | Online brokers will also offer different technical |
| Commonly online trading information is gathered by | | | | trading indicators. Not all technical indicators that are |
| hackers from a software bug that is downloaded to | | | | offered by online brokers are available to online |
| your computer which records all your key strokes | | | | trading Canada accounts or individuals. You will need |
| and the websites that you are visiting. Another | | | | to do some research and determine which broker will |
| popular method of obtaining personal information is | | | | fit your individual investing needs when online trading |
| called phishing. Phishing is when a phony email is sent | | | | Canada or United States. |
| to you from your brokerage firm or bank asking you | | | | If you are online trading Canada or in the United |
| to update your personal information because of a | | | | States there are certain ways that you can protect |
| security threat. These emails look like they are from | | | | your personal information from being stolen. When |
| your brokerage firm or bank but they are not. Don't | | | | you are developing a password use a combination of |
| click on the links included in these messages. If you | | | | numbers and letter in upper and lower case. Change |
| have a question about the security of your account, | | | | your passwords regularly. Install good virus software |
| log into your account directly, don't log in through a | | | | and a firewall on your computer. By taking a couple |
| link in an email. | | | | of easy steps to protect your personal investing |
| Online trading Canada and United States investors | | | | information your online trading Canada or United |
| should always deal with a broker that offers their | | | | States experience will be a positive one. |
| own security systems. These brokers will normally | | | | |