For Stock Market Beginners
- Contact your bank to open a brokerage account, specifying your interest in trading U.S. and/or Canadian securities.
- In U.S., ask to open a regular trading account and a IRA account.
- In Canada, both Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs) are eligible for stock trading. Make sure to utilize these accounts for their tax advantages.