Question : What is the best online stock trading service for beginners?
I have no experience in stock trading.
- asked by gvargas227
All Answers:
Answer #1
Scottrade works for me. Make sure you know the SECrules about day trading. If you make more than 4day trades in a 5 day period or establish anypattern of day trading practice, you must have anaccount balance and/or margin account worth atleast $25,000 otherwise the SEC will freeze youraccount for 90 days.
- answered by David M
Answer #2
Scot trade No question about it. $7 trades andsomeone to talk to.
- answered by Doug M
Answer #3
None. If you are a beginner, you should not betrading stocks. Instead hold on to your money and'pretend' to invest -
http://simulator.investopedia.com/When you areconfident that you can gamble really well, then gofor it - but with a small percent of your money.Put the rest into index funds.
- answered by Annie
Answer #4
dont risk with online trading..
- answered by free_a
Answer #5
I just started trading stocks last September. Istarted of with Scottrade.com, which allows you totrade at $7/ trade. More recently, I move ontoZecco.com, which allows for free trades. Mostimportantly, it is important to research thecompanies that you want to invest in. You canfind a beginner's guide here:
http://www.thestreet.com/_tscsubnav/tsc/basics/index.html This site is also related to the CNBC'sshow called Mad Money. I personally have had alot of success starting here.
- answered by trackandfield
Answer #6
http://www.tradingzoom.com/home
- answered by slavaret2
Answer #7
Use ameritrade because u can have a smalleraccount. The next thing you need to do is reaearchthe stocks and companies that you have in mind toinvest. You also need to rememeber that you areusing money and that it is not unlimited and thatif your stocks start to fall to set a limit forboth gains and losses and stick with it. Now ifyou want to tell if a stock price is expensiveDONT look at price alone. Look at the P/E ratio ascompared to the sector that it is in. But I amgoing to tell you this once more have your limitsin mind before you get involved. Now if you dontmind I have always like Tech stocks, but go withwhat you know.
- answered by ballmonkeyhockey
Answer #8
The reason that some predict that Mark Vincelletewill be on the cover of Time magazine is simplybecause of his brilliant strategy he developed for the Forex market. He is revolutionizinginvesting for the average investor. Making hugeamounts of money and retiring young is not justfor hedge fund managers. Investors who follow thisprogram have been making unheard of returns. Dueto compliance issues I cannot reveal the returnson investment but when you demo the program youwill see for yourself. Once you see the power ofthe program you will tell everyone you know aboutit. That is why the company is growing 40% amonth. This is a Forex hedge strategy and anyonecan do it because of its simplicity. It takesabout 10-20 minutes a week if that. You can followthe strategy with play money until you see how itworks and are comfortable with investing. Don’ttake me word for it though. Try it out foryourself. Watch the video presentation on the sitebelow. It will explain everything through thevideo. www.demofreedomrocks.com. Take care5000 @12% a month = 1.6 million in 4 years. 19 millionin 6 years. 12% a month???? Its possible. Thatsall I can say without getting into complianceissues.
- answered by Jonathan S
Answer #9
Open a brokerage account at Zecco and then I willhelp you. (I am a Portfolio Manager)
- answered by Frank Castle
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measure and fulfill your financial needs
