What is the best online stock trading service for beginners?
I have no experience in stock trading.
- Anonymous1 decade agoFavorite Answer
None. If you are a beginner, you should not be trading stocks. Instead hold on to your money and 'pretend' to invest -
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.
- Anonymous3 years ago
1Source(s): Penny Stocks Trading http://teres.info/TheTradingCode
- 4 years ago
This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/pennystockguide
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.
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- 1 decade ago
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/ind... This site is also related to the CNBC's show called Mad Money. I personally have had a lot of success starting here.Source(s): http://www.thestreet.com/_tscsubnav/tsc/basics/ind... Scottrade.com Zecco.com
- Anonymous1 decade ago
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.
- 5 years ago
If a person has no knowldge and skills about Forex then it will be very difficult to trade in Forex. But if you use the right software you can make very good profit. The best software is called "autobinary signal". If you aren't a big expert this software is the only way to earn good money in Forex.
- David MLv 51 decade ago
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.Source(s): Call Scottrade
- 5 years ago
the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
- Anonymous1 decade ago
Scot trade No question about it. $7 trades and someone to talk to.