Brokers
Lets talk about brokers.
Seemingly the most important thing to begin with. Almost… first thing is to decide how you want to play with your money, but a broker is a very close number two. Tons of them out there and they all have different services and fees. Two main things to be concerned about when shopping for a broker. Of course, number one is price.You can't make money if your broker is taking it all. Things to look for: is there a monthly fee, what are the trading fees, what is the margin rate, ect. ect.
Second, you want real time trading. If you're not in control of when and how, then you have already lost.
Zecco
Can’t get much better than free.
Interactive Brokers
$1.00 per 200 shares ($1.00 minimum for all trades), 10 dollar a month fee waived if you do over 30 trades in that month.
MB Trading
They actually have a wide variety of programs to fit your trading style.
TD Ameritrade
They were off the list until they came out with a new series, IZONE. Just 5 dollars a trade.
Why Izone? When the first three are all a dollar or less? If you like to trade penny stocks (volumes over 1000) this becomes cheaper than IB and on par with MB Trading. Sorry Scottrade, Etrade and Schwab you may be the largest, but you’re too expensive to be on my list.
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Quotes:
For most people online trading is a faceless and lonely experience.
Despite the enormous impact online stock trading is having, regulators say they must move carefully to keep from killing the industry.
There is a disconnect between the reality of online trading and the perception the public has of what online stock trading is all about.
Online trading is another indicator of the tremendous growth and acceptance of digital information in both business and society.
Online stock trading is quick and easy.
Probably the most worrisome aspect of online stock trading is its addictive qualities.
Can it be that online trading is the greatest window of opportunity in the last 200 years.
Plunging independently into the online trading is a cost-efficient option for a savvy and confident investor.
Online stock trading is not always instantaneous.
From my view online trading is just different form of online game for money.
Online stock trading is the cheapest way to trade stocks.
It's easy to see why online trading is rapidly becoming the most efficient way to invest.
Or, if you plan to trade on a regular basis and make your own decisions, then online stock trading is probably the way to go.
Online trading is an exciting new world that combines two very dynamic worlds, the world of exchange and the World Wide Web.
Online stock trading is the cheapest way to trade stocks.
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