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beginner concepts
How to Access the Stock Market
Setting up the tools you'll need to start learning
Walkthrough: Setting Up Your Tastyworks Account
Step 1: Register with Tastyworks
Head over to Tastyworks and fill out your contact info. Click the "Continue" button when finished.
Step 2: Pick Your Account Type
Choose the type of account that you'd like to open. Tastyworks provides a description of each type when you click on them. I personally chose to open an Individual Margin account because it is the least restrictive on strategy and the most capital efficient. Other account types are perfectly fine as well, but they all come with their own rules and restrictions. You can always open a different type of account later if you decide.
Step 3: Provide Your Personal Information
Continue to fill out your personal information as instructed.
Step 4: Access Permissions
Once you have provided your personal info, you will need to provide information about your trading knowledge and net worth. If you do not get approved for "The Works" which is the full spectrum of what Tastyworks offers, that is okay. Eventually, you will want full trading privileges but if you are new to trading, the basics will suffice. You will still be able to set up complex strategies for learning purposes, but the Tastyworks platform will prevent you from sending the order unless you have the proper permissions.
Step 5: Trading Objective & Net Worth
Next you will need to provide your trading objective and net worth. For trading objective, I put speculation but you can put whatever you want here. Lastly, provide an estimate of your net worth and continue on to the next form.
Step 6: Security
Follow the instructions specified on the security page to confirm your identity, and provide extra security measures for your account.
Final Step: Reviewing Documents
Once you've completed all of the steps, Tastyworks will ask you to review some documents and accept their terms of service. Once you have completed this final step you will be all set! All that's left is to download the trading platform.