im a beginner , so any advice will be appreciated..thanks ;)
2006-07-28 06:17:57 · 10 answers · asked by Mleigh23 2 in Business & Finance ➔ Investing
i was with Ameritrade which was bought out by tdameritrade. I'd look at either them or etrade. Things you should look for are the quality of their research tools and how much they charge for limit orders. Some e-brokers charge extra for limit vs. market orders. You should also use the stock screener on msn.moneycentral to filter through stocks.
Make sure that whatever stock you buy has a decent trading volume. I would stick with at least 500,000 shares traded daily, preferably 1 million. The spread won't be so high and chances are that it is followed by at least one analyst.
Depends on what you are looking for but good metrics to follow are market cap, EBIT or EBITDA (depending on the industry), price to cash flow, debt to equity, operating income (EBIT), P/E ratio.
There are many different types of strategies but do some research and get in the game... you can't learn as much just standing on the sidelines.
2006-07-28 10:26:33 · answer #1 · answered by Jules 2 · 0⤊ 0⤋
I think this is a common desire. Check out sharebuilder.com and foliofn.com. There are lots of discount brokers, and it really depends on what your investing patterns are going to be like. Foliofn was started by a former SEC executive and has some flat rate trading windows. You pay a monthly fee of about $20 and can make about 100-200 trades/month during their 2 windows/day.
There is plenty of buzz for Sharebuilder.com, as well, and there are many others that are have more traditional services. But you will have to look and see which of the firms you like best for your particular situation.
2006-07-28 13:26:11 · answer #2 · answered by Someone with a free answer 3 · 0⤊ 0⤋
Go check the websites of the ones mentioned above and see what you think.
TDAmeritrade is the one I use, and they seem to have a very advanced system. Most of the advanced services on other sites cost extra. TDAmeritrade doesn't charge extra for their complex trading platforms.
Honestly if you're just starting out - most any of the sites will work fine - if you plan to learn and do more later, you may want to eventually end up with TDAmeritrade.
2006-07-28 14:23:23 · answer #3 · answered by jjttkbford 4 · 0⤊ 0⤋
I have accounts with TDameritrade, scottrade and fidelity. Of the 3, I like TDameritrade the best. Never had a problem with them. I have had a few order delays on scottrade.
2006-07-28 13:22:46 · answer #4 · answered by sukditup 3 · 0⤊ 0⤋
https://www.tradeking.com/
Many people dont know about it. Scottrade doesnt have online transfer of funds..you need to walk to their office everyday and deposit checks or of course wire funds with a hefty fees from your sender bank....Etrade commissions are in average $8. Tradeking commisions are around $5 and margin rates are lower it.
2006-07-28 13:27:12 · answer #5 · answered by foobar 2 · 0⤊ 0⤋
I would advise you to start with mutual funds. They give you a broad base of companies so that your risk is minimized. Try Vanguard or Fidelity.
2006-07-28 13:21:45 · answer #6 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
i use scottrade, cheap trades, $500 to set up account, personal accountant rep to answer questions, awesome setup and very user friendly website
2006-07-28 13:21:10 · answer #7 · answered by Anonymous · 0⤊ 0⤋
There are many available and you'll have to decide what is most comfortable for you. There are many out there all you have to do is look.
2006-07-28 14:03:13 · answer #8 · answered by reallyno 3 · 0⤊ 0⤋
e-trade
2006-07-28 13:20:02 · answer #9 · answered by cleopatrais42 2 · 0⤊ 0⤋
www.sharebuilder.com
www.etrade.com
2006-07-28 13:20:23 · answer #10 · answered by drhomeloan 2 · 0⤊ 0⤋