If you have used a broker, and online stocking trading sites, which would you recommend for trading?
I would recommend Scottrade. They have no account fees and a flat fee of $7 per trade and they do have offices that you can visit and brokers that you can speak with. This is great for a person that makes their own investment decisions. A regular brokerage like Merrill Lynch has much higher trading fees. But if you are not making your own investment decisions, you probably need someone like a Merrill Lynch. I have three Scottrade accounts and have no other affiliation with any brokerage, online or or sticks and bricks.
I would use TD Ameritrade. They don't have the bias in their research of a fund company like Fidelity. Scottrade is very cost effective but they don't do some very basic simple things like dividend reinvestment.
I have a Series 7 license so I do my own trading. If you study hard, I suggest trading online. It also depends on your strategy. If you are looking for a low risk, long-term hold I'd suggest going through a broker. If you plan on doing frequent trades, I'd go the online route as the fees are usually cheaper.
If you're interested in getting a Series 7 license, I'd check out http://www.abtrainingcenter.com/Series7.asp
by LaThing 4 years ago
Trading stocks: do you use a broker, or online trading platform?
by TooMaxi 7 years ago
I love trading Forex but I'd like to know the most reliable broker. Are etoro and oanda.com are...good to invest? Thanks.
by lender3212000 7 years ago
Which foreign exchange trading broker has the tightest spreads?
by rongarm 8 years ago
Since I have never traded any type of mkt. are there sites/links that would truly help me become...somewhat competent in trading the forex mkst.? As you have mentioned there are lots of courses out there and some are truly scams, but some are actually good. The prices can range from $10...
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