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  1. #1
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    Advice for trading stocks online please

    So I am thinking about starting to buy a few stocks online in the near future, and I am definitely a beginner with this. What advice do the more seasoned verterans have for a first timer? Is there a site that is head and shoulders above the rest ( e*trade or scottrade or something like that) Any tips or hints? Thanks to anyone willing to give up their secrets.


    --Luck of the Cyrish--






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    Re: Advice for trading stocks online please

    Couple people I know use TradeKing. One also uses Scottrade, I've heard decent things about both.


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    Re: Advice for trading stocks online please

    I use Sharebuilder but have thought about switching to E*Trade just because of a few tools they have. I have watched the markets very intensely for years but just started investing personally this month. So far I'm up about 46% across my portfolio.


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    Re: Advice for trading stocks online please

    Find different things that may work for you. Then set up mock portfolios and treat them as they were real. It gives you a great parallel run and lets you find out what works best for your tendencies and philosophies.


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  5. #5
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    Re: Advice for trading stocks online please

    Go with E*Trade and rent a clown named Bobo, but just don't underestimate the creepiness factor.


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  6. #6
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    Re: Advice for trading stocks online please

    Play Poker instead! The game is fairer and the participants more honest.



  7. #7
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    Re: Advice for trading stocks online please

    I use Scottrade, and have never had any problems with it. Plus, it is hard to beat the trades, no matter the size, for only 7 bucks. And, they have a good tracking program. Have never used the others. Never had a reason to switch.



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    Re: Advice for trading stocks online please

    I have always used ameritrade, works fine for me, the tools are nice, and it is easy to fund.

    I have also used E*trade, and the two services are about the same.

    I think I signed up with Ameritrade because they were giving a free Ipod out with every funded account.


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  9. #9
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    Re: Advice for trading stocks online please

    I use Scottrade. It is cheap, easy to use and has decent tools but doesn't have free dividend reinvestment for dividend paying stocks (if that matters).

    I also have a Schwab account for an IRA that I recently converted to a Roth. I have to say that their telephone customer service was shockingly good.

    Both Schwab and Scottrade have local offices in most of the larger cities which can be a nice convenience.

    FWIW. Good luck.



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    Re: Advice for trading stocks online please

    If there is a possibility that you won't trade all the time you may want to 2nd think e-trade. They charged me inactivity fees.

    I've heard good things about scottrade.



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    Re: Advice for trading stocks online please

    I just signed up with E-Trade. But beware you have to wait 7 to 10 days before buying any stock under 10 days.

    I signed up specifically to buy AIG when at .33 and CITI at just over $1. They both 3 to 4 times that amount already in my 7 to 10 day period. Just beware.



  12. #12
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    Re: Advice for trading stocks online please

    Scottrade. I've been very happy with them for a couple years and if you work downtown, they have an office on the skywalk of 801 Grand so that can come in handly if you need to speak to someone face-to-face.



  13. #13
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    Re: Advice for trading stocks online please

    I've only used e-trade and my only complaint is how long it takes to transfer money into the account. I understand that at first they have to set up a transfer and verify your account, but it's silly that with today's technology it takes 4 business days to transfer funds from a bank account to a brokerage account.

    I suppose I could just park my money in the e-trade account so it's there if I want it. Not like I'm earning a ton of interest with the bank.



  14. #14
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    Re: Advice for trading stocks online please

    i heard this man knows whats going on with the stocks.......



    dont know if i could ever take stock advice from a man giving me the "devil horns"


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  15. #15
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    Re: Advice for trading stocks online please

    I see some comments above about some of the services providing tools such as tracking mock paper trades so you can check it out before you invest. With any of these services can you do that free of charge until you want to start trading for real? That would definitely get me more comfortable in doing it for real.



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