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A broker is simply a person who is licensed to trade stocks through the exchange. A broker can be on the trading floor or can make trades by phone or electronically. An exchange is like a warehouse in which people buy and sell stocks. A person or computer must match each buy order to a sell order, and vice versa.

Acorns, Stock Market Stimulator, SigFig, Motif Explorer, Yahoo, TD Ameritrade, Fidelity investments and CNBC are some of the top stock trading apps for smartphones.

TD Ameritrade, Fidelity, Merrill Edge, TradeStation, E star trade, Vanguard, Sogotrade, Scottrade and Ally Invest are some of the best stock trading platforms.

The mornings are considered to be the best time. To be precise, 9:30am to 10:30am is usually the best time of the day to buy stocks when it comes to day-to-day trading.

Avoiding trading during first 15 minutes of market opening, having a selling plan, keeping a journal of all trades, using limited order over market orders are some basic rules of stock trading.

Common stocks, value stocks, growth, preferred stocks, income stocks, and cap stocks including mega-cap, large-cap, small-cap, micro-cap among others are a few different types of stocks.