Customer need to select the site that is best for them. Traders have requirements in a site, while investors have other requirements. Please remember, the cheapest is not always the best.
Cheap is not a good criteria for selecting a brokerage firm, you should be looking at the firm's trading platform, their services and the type of business they are doing. If you want cheap, go to Sharebuilder but if you want good you go elsewhere
Although most sites are geared to general securities and commodities, however customers may have special needs for the types of products they trade, and the markets in which they trade. .
It seems that the most popular firms for on-line investing/trading all of which provide excellent platforms and services are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade, T.Rowe Price and Thinkorswim
BUT-
Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself.
Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing or Dummies” by Eric Tyson.
To continue your education select some of the following
Beating the Street by Peter Lynch
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
From Riches to Rags, by I.C. Freeley
How to Make Money in Stocks” by William O’Neil
24 Essential Lessons for Investment Success by William O’Neil
The Intelligent Investor, by Benjamin Graham
Common Stocks, Uncommon Profits, by Philip A. Fisher
One Up on Wall Street by Peter Lynch
Stocks for the Long Run, by Jeremy Siegel
The Interpretation of Financial Statements by Benjamin Graham
The Lazy Person's Guide to Investing by Paul B. Farrell
Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.
What Works on Wall Street by James O'Shaunessey
You Can Be a Stock Market Genius by Joel Greenblatt
Your Money and Your Brain by Jason Zweig
Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks - http://www.1source4stocks.com/info/stock... or Smart Money
http://www.smartmoney.com/
Visit some of the more professional websites like Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/ Investors Business Daily - http://www.investors.com/default.htm?fro...
Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.
And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/
and/or http://www.tradingsimulation.com/
You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.
Good luck on your journey, study hard and you’ll invest well.
You need to understand the investing features of different brokers and then take your decision to trade stock.You need to analyze easy to understand pricing and fee structure.For example, you may want to invest $100 in a particular mutual fund for an IRA each month. This broker allows you to do so automatically. You can set up recurring scheduled investment purchases useful for continually building wealth and to help discipline you to put some money aside for investing.
Since you are new to the world of trading I'd suggest being patient and first learning the ropes rather than diving in head first. I'd especially be wary of penny stocks. Pick an online learning resource like investopedia.com that has some great educational articles as well as fake currency stock games. Open a free account with a broker of your choice (I personally like scottrade since it very user friendly for a beginner). Add some stocks to your watchlist and follow them every day until you feel like you have a good handle on how much their prices swing.
Good luck. Remember to do your research, don't get too greedy and be patient.
-Ash
PS: If you end up opening a Scottrade account, here's a referral code someone posted on my facebook - KAXF 8815. Use it to get 3 free trades.
Hey there,
I've been trading the market for just a few months. My cousin actually told me about this website (http://pennystocks.toptips.org)and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.
For more info: http://pennystocks.toptips.org
Good Bye
On this site you find all the details about my favourite binary trading software http://www.goobypls.com/r/rd.asp?gid=551
I like it because it's very easy to use: NO complex charts? NO baffling analysis...
NO complicated methods... in fact nothing to learn at all! Check the site... (the proof videos are interesting)
Hope it helps.
Fidelity charges very little per trade.
usaa.com
first 50 trades are free
and if you wanna learn how to invest go to buffettsbooks.com
I'm quite new to trading stocks. I get the gist of it, anyway. I recently came across some extra money and was considering playing the field a bit. I'm very inexperienced with this type of stuff, but I can learn quickly. I just need a good place to buy and sell stocks online. I can't seem to find a good site. I need one that has little to no fees for using it. And easy to understand. I'm not particularly interested in trading penny stocks. But if you know a good penny stock site, I will give it a try. Thank you all, in advance. :)
