Stock Markets Exposed
Best Online Stock trading website?
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?
Public Comments
- well ha ha fake stock trade for kids is http://neopets.com/games/play.phtml?game_id=780
- 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.
- 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.
- I have been very satisfied with Scottrade. Their platform and customer service are both excellent. However, be aware that they do not provide investment advice. As a beginner, Scottrade may not be the best. You might be safer with a broker that provides more help.
- 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!
