Wednesday, April 5th, 2017

What stock trading company do you find to be the cheapest, most reliable and easiest to use for beginners?

I am new to the stock market and before you open an account like me? To know your opinion? N on what actions the company ‘aa find the best overall, especially for beginners and yo.Adem? S ,? cu? is the difference between stocks and options? Many thanks!

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3 Responses to “What stock trading company do you find to be the cheapest, most reliable and easiest to use for beginners?”
  1. Serge M says:

    You could try E*Trade. They have low commissions and their web site is easy to use. But they will not give you any advice. You have to make your own buying and selling decisions. Their site does offer good tools for finding stocks that might fit you. Interactive Brokers has even lower commissions but their web site is complicated and is more suitable for sophisticated investors. You may get more answers about other brokers with which I am not familiar.

    Stocks are shares of companies that trade in the market. When you buy a share of stock, you become part owner of the company. If the company is successful and earns income, the value of the stock may go up. If the company distributes some of its income to shareholders, you will receive a dividend. Stock ownership involves risk, because the price of the stock can also go down after you buy it. Therefore you should invest in several stocks so that those that go down are offset by those whose prices go up. Diversification decreases the risk of stock ownership.

    Options, on the other hand, are much more complicated and are not for the novice investor. Options are rights to buy or sell stocks at a specified price for a specified period of time. They may be used for speculation, to gain financial leverage, to insure your stock holding, or to increase your return on invested capital. You can be the buyer or the seller of options. The subject is broad and would take a huge amount of space to describe fully. There are many books on options and the best way to learn about them is to read some of the books to understand how options work.

  2. muncie birder says:

    Among the least expensive for beginners is Scottrade.com at $7.00 a stock trade. My personal favorite is Fidelity, but they are more expensive. However, they have top notch stock research, which if you are interested in making money in the stock market is of considerable value.

  3. walt17jr says:

    I like and use Scottrade. Their service and price are both good. However, if you need or want advice they are not the place.

    Sharebuilder is only cheap if you are in their automatic investment plan. Which means you schedule trades on a weekly or monthly basis. If you want to make real time trades they get expensive.

    If you want to practice before jumping again, try a stock simulator. http://www.investopedia. com is one place to check out.

    An option is the “option” to buy or sell a stock at a set price. You should avoid options as a beginner.

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