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yngevn08 | What's the best, most affordable website to buy and sell stocks for the beginner? |
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slavaret2
 |
Not sure what you mean by website. If it's the cheapest broker, then it does not really matter. Knowing what you are doing is far more important than saving a few bucks on a trade. If your investment shows you a $1,000 loss, what does it matter if you paid $10 or $20 for the roundtrip?
Get your bearings first. You may want to consider joining a free trading website in Yahoo groups first and pick other traders' brains. Try:
http://finance.groups.yahoo.com/group/TradingZoom/ |
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mcmufin
 |
I cannot answer your question. I am only writing to tell you that bijak sinner's response is one intended to trick you into signing up for a highly risky investment |
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Richard E
 |
I like Scottrade, but you might also like etrade. I found etrade hard to contact when I wanted to talk to a real person.
Invest in ETF's and No-Load mutual funds.
Get a book and learn about these before you start investing.
Invest on paper (without risking your $$) at first.
Avoid high commissions and penny stocks. |
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Chad
|
Investing in "individual" stocks takes a lot of knowledge and practice; so I would not suggest doing this until you understand completely how the stock markets work.
Instead visit Vanguard.com and learn about mutual funds, index funds, and exchange-traded-funds (ETFs). Trading funds is less risky than trying to trade "individual" stocks.
If I was starting over again, I would find (4) ETFs that have had consistent returns with strong chart uptrends, and simply invest my money evenly over the (4) funds.
As far as brokers, I personally use Scottrade at $7.00 a trade and I have had no complaints, and they have recently upgraded their research tools. Zecco.com offers free trades, but I have heard mixed results as far as their service goes.
Listed below are some good websites for a beginner. |
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vegas_iwish
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No difference for beginner or not. Depth of investment options more important than $5 a trade so schwab.com by far |
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MoneyMaker
|
If you are primarily concerned with affordability, you can't beat Zecco.com, as online stock trades are commission free (up to 10 trades per day, maximum 40 trades per month). Trades above the limits are just $3.50 each. The minimum to open an account is $2,500. Zecco has an active online community of investors with whom you can communicate. (While this is a great feature, don't rely on it as your only source for your investing education.)
As a newbie, if you think you may need some handholding, you might want to go with Scottrade. Online stock trades are $7.00 each, with a minimum of $500 to open an account. One of Scottrade's advantages is that they have almost 300 local branch offices so it is easy to speak with someone should the need arise.
(Disclaimer: I have accounts with both Zecco and Scottrade so I may be somewhat biased.) |
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Ila
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Best website to buy or sell stocks for the beginner in my mind is www.sharesmantra.com.They have their trial version for one month absolutely free of cost.You will be told the stoks to buy,target price & most important the stop loss.If you benifit from their recommendations then you can choose any of the plan after one month which are very affordable. |
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bijak_sinner
 |
Using the Mtpredictor's technical analysis Elliot Wave Principle software, Bsmtprediction provides Forex Traders with FREE access to AUD/USD, EUR/GBP, GBP/USD, EUR/USD, NZD/USD, USD/CAD, USD/CHF, EUR/JPY, GBP/JPY & USD/JPY daily currency forecasts through this website. At Any Time / Any Day (we'll straight away post the signals here in real-time if there's any triggered) 1 hour, 4 hours & daily time frame forecasts are published on this site. The predictions are good from the moment they are published until either it reached the take profit target, hitted the stop loss or another new prediction of the same currency & timeframe unveils on the same / following day. Essentially, the prices shown are for an unknown period.. That's why we encourage you to subscribe our FREE Google Groups newsletter to get the latest signal updates sent to your e-mail from the very 1st minute it surfaces the net.. |
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