Friday, February 27th, 2015

What is the best online stock trading service for beginners?

I have no experience in stock trading.

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8 Responses to “What is the best online stock trading service for beginners?”
  1. David M says:

    Scottrade works for me. Make sure you know the SEC rules about day trading. If you make more than 4 day trades in a 5 day period or establish any pattern of day trading practice, you must have an account balance and/or margin account worth at least $25,000 otherwise the SEC will freeze your account for 90 days.

  2. Doug M says:

    Scot trade No question about it. $7 trades and someone to talk to.

  3. Annie says:

    None. If you are a beginner, you should not be trading stocks. Instead hold on to your money and ‘pretend’ to invest –

    http://simulator.investopedia.com/

    When you are confident that you can gamble really well, then go for it – but with a small percent of your money. Put the rest into index funds.

  4. free_a says:

    dont risk with online trading..

  5. trackandfield says:

    I just started trading stocks last September. I started of with Scottrade.com, which allows you to trade at $7/ trade. More recently, I move onto Zecco.com, which allows for free trades.

    Most importantly, it is important to research the companies that you want to invest in. You can find a beginner’s guide here: http://www.thestreet.com/_tscsubnav/tsc/basics/index.html This site is also related to the CNBC’s show called Mad Money. I personally have had a lot of success starting here.

  6. ballmonkeyhockey says:

    Use ameritrade because u can have a smaller account. The next thing you need to do is reaearch the stocks and companies that you have in mind to invest. You also need to rememeber that you are using money and that it is not unlimited and that if your stocks start to fall to set a limit for both gains and losses and stick with it. Now if you want to tell if a stock price is expensive DONT look at price alone. Look at the P/E ratio as compared to the sector that it is in. But I am going to tell you this once more have your limits in mind before you get involved. Now if you dont mind I have always like Tech stocks, but go with what you know.

  7. Frank Castle says:

    Open a brokerage account at Zecco and then I will help you. (I am a Portfolio Manager)

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