I'm interested in investing some money in the stock market. Which website is the best for beginners? I've heard good things about Scottrade, what do you guys think?
2007-09-30 12:18:25 · 0 answers · asked by Marmeladov 3 in Business & Finance ➔ Investing
Scottrade is good for more experienced traders.
I'd suggest Schwab or Fidelity Brokerage.
Read a couple of books before starting.
Be aware of typical mistakes "newbies" make;
Taking "tips" from;
Friends
Relatives
TV
Radio
Newspapers
Magazines
etc.
More mistakes;
Buy "penny Stocks" (major mistake of new investors)!!!!!
buy on hunches
Thinking they have to "hit it big" to be successful.
Having a "gambling" mentality.
Not being realistic. Going by a "gut" feeling.
Acting on: Fear or Greed
Indecision
Knowledge is you number one tool. Gain it before you do anything.
Things you need to do;
Have an "asset allocation model".
Have an exit strategy before you make any trade.
Never get into a trade unless you fully understand it.
Good luck!
2007-09-30 15:54:12 · answer #1 · answered by Common Sense 7 · 1⤊ 0⤋
Online Stock Trading Sites
2017-01-03 14:27:36 · answer #2 · answered by lanahan 4 · 0⤊ 1⤋
When it comes to the art of making money trading stock there are a lot of variables that should be considered, the broker being neither first nor last.
Whether the question is;
1. Which website is the best for beginners?
2. How do i learn to day trade?
3. Profitable trading strategies?
4. Is investing in the stock market today similar to the past?
5. what stocks to watch?
or maybe you want to narrow things down and ask if want to trade penny stocks? AAPL (apple) , FB (facebook) etc.
ANSWER: I would suggest finding a mentor. A person thats has been able to create a living trading stocks or Forex. That mentor/couch will able to guide you through the inevitable pitfalls most novice trades/investor fall victim to.
Youtube a guy name Day Trade Darryll his methods in may opinion are life changing. He trades live and also created a free 6k to six figure stock trading tutorial I found on his website tradersunleashed.com.
Your not obligated to have a mentor or start with advice from anyone, but why reinvent the wheel.
Good Luck,
2015-10-28 01:23:14 · answer #3 · answered by kevin 1 · 0⤊ 1⤋
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2016-12-23 20:18:16 · answer #4 · answered by Anonymous · 0⤊ 1⤋
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2016-12-25 03:35:09 · answer #5 · answered by ? 3 · 0⤊ 1⤋
I have used Scottrade for awhile and have been completely satisfied. It also depends on what kind of trader you plan to be. If you plan on being a really active trader then you may want to give Zecco a try because they offer 40 commission free trades a month.
Just an FYI make sure you understand how to trade "individual" stocks before just jumping in. It is a tricky game to learn.
2007-09-30 12:31:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
They are pretty good, simple to open, fill out experience questionaire honestly. Research is from other sources and trade executions are prompt. I do, however think Fidelity has an edge in terms of providing a broad data base of educational tools covering the whole sprctrum of investments and related strategies. They take you from basics to advanced with intermediate steps along the way. Almost foolproof, plus they can set up hypothetical trades to ensure you are comfortable with what you have learned. Can't ask for more than that.
2007-09-30 12:37:02 · answer #7 · answered by liorio1 4 · 1⤊ 0⤋
This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/pennystockguide
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.
2016-01-17 21:57:08 · answer #8 · answered by ? 3 · 0⤊ 1⤋
Hi
There are so many website and people are online those who provide trading. but in my side i have suggest you a link believe me they a good and they provide good and profitable trade in stock Just visit and check the link and contact they give you best advice for Profitable trading.
http://www.mmfsolutions.sg/services/
2015-05-03 19:25:17 · answer #9 · answered by Ling Kay 1 · 3⤊ 1⤋
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2017-02-15 08:16:59 · answer #10 · answered by ? 4 · 0⤊ 1⤋