Online Broker Reviews
It is very good you have a plan. Expect to lose money the first few months once you open the live account after months of demo trading. I am transitioning from paper trading stocks to live trading. Filter the specific data to monitor the capital gains You can use the time filter function to track the trade data and to monitor the capital gains in specific time range.
Australian housing bubble thread. China cuts tariffs of non-American imports. Hook Up Connect with local traders in your area, organize in-person meetings, post info about upcoming live events, trade shows, etc. Looking for a partnership for AI algo. Mentorship 4th year still not profitable. Any US equities trader in Sao Paulo? Anyone in Miami trade anything other than BitCoins? Classifieds Buy, sell or trade used software, training programs, computers, office furniture, etc.
Or if you're looking for something specific, post it. For individual traders only. Algorithmic Trading and DMA book. Trading the Pristine Method. Stocks Found the next hot stock? How about a ripe shorting opportunity? Here's where you can post your thoughts on specific listed companies. General Electric - new position. Options If you have questions, comments, or expertise related to options trading, this is the place for you. Writing puts on indexes.
How to trade volatility? ETFs The place for traders of exchange-traded funds. New options strike listing policy now in effect. Why is HSI the best future? Commodity Futures For traders of futures contracts based upon oil, gas, electricity, precious metals, and agricultural products.
Copper - Tariff affect? Grains Fundamental Data free without charge. Financial Futures Discuss futures like those based upon short term interest rates, bonds, currencies, etc. German Bond Futures - Which one better for daytrading? Forex Interact with others who trade currencies in the foreign exchange market. A truly amazing EA. Forex Majors Momentum Ranking. Google lifts ban on crypto ads in US and Japan.
What is the best broker to trade Ripple or Bitcoins? The crypto world is going wild for 'stablecoins' — here's everything you need to know about them. Order Execution A round table on order types and routes, dealing with Market Makers and Specialists, and other issues related to executing trades through an exchange or ECN. Have you tried Build Alpha. How to select stocks for a strategy.
Technical Analysis TA junkies, this is your forum for talking about technical indicators and chart patterns. How effective is the VWAP? Removing the golden handcuffs. I'm not able to run code in AFL where I need to satisfy 2 timeranges in short Day's and Sessions Redefined? Risk Management Topics include portfolio diversification, position sizing, scaling, expectancy, etc.
What is Your Favorite "Safe" Investment: CDs, Online Savings, etc What risk management mistakes did this top Norway trader make to blow up his account? Averaging IN not Averaging Down. Psychology Discuss the psychological aspects of trading such as fear, greed, discipline, emotional control, etc. You are not a trader until you Am I one of these idiots? How do you meditate for optimizing the mind for trading? How to overcome the inability to accept small losses when wrong on trades?
Retail Brokers A forum for exchanging information on direct-access firms that cater to retail traders. Did IB just screw me or was it the exchange? Series 63 can I just register with anyone? Prop Firms Talk about proprietary trading firms that allow you to trade with the firm's capital and split the net profits. Earn 2 Trade the gauntlet. Is experience at a prop firm required to be a successful retail trader? Lightspeed trader- Any proprietary trading firm offer this platform. Forex Optimum - review.
FX brokers a minefield. Tools of the Trade. Trading Software Talk about trading platforms and other front-end trading apps for desktops, tablets and phones. Takion api take 2. Earnings History Date Data. Backup and Security Protect your trading PC and mobile devices! Discuss backup and recovery strategies as well as security issues like firewalls, anti-virus software, spyware, etc. Let's talk about your trading security setup. Creating a backup usb install for Windows 10 upgrade.
Hardware Discuss workstation setups including laptops, desktops, servers, peripherals, workstations, mobile devices, etc.
Pictures Of Your Trading Stations. Video card recommendations for 6 monitor workstation. Educational Resources Talk about the resources available to traders such as books, videos, seminars, web sites, chat rooms, advisory services, etc.
Is there a free website to scan for news? The Business of Trading. Talk about licensing and exams, business entities, fund formation, and other aspects of being on the professional side of the business. Markets are not Random. Why market wizards are not day traders? Taxes and Accounting Trader-related tax issues such as mark to market accounting, trader tax status, performance audits, and other tax compliance challenges.
Another reason to consider Scottrade: They were recently acquired by TD Ameritrade. In fact, Scottrade has been on that list for six straight years. So what does that have to do with customer service? When a company treats their employees the right way, those employees treat customers the right way. Power and Associates self-directed investor study , Scottrade also ranked number one for interaction, account information, trading charges and fees, and overall satisfaction.
This study only included larger, full-service brokers that offer other services beyond trading. Scottrade has over local branches where you can walk in and talk to someone face-to-face. So beyond the basics, Scottrade is another full-service broker that offers banking services, retirement planning, savings plans, and more. The web-based platform has a fully customizable home page that enables you to drag, drop, and rearrange the various components of the page to your preferences.
That can certainly add up depending on the volume you plan on trading. Scottrade has the foundation in place to rise above the other top online stock brokers, but they fall short when it comes to innovation. There are a few instances where major improvements can be made.
The mobile app looks like it was created five years ago. The app does include an area where you can research news, statistics, opinions from analysts, and more. They lead the industry with support and service, and then they follow in terms of technology. You get access to CNBC videos, real-time quotes, live market news, and more. You can also conveniently deposit checks directly into your trading account. This is beneficial because you can gauge how others are reacting to the market, see the opinions of other traders, and see how actively traded certain stocks are.
If everyone is doing the same thing, the likelihood of a big group of people caught in the same trading position is high. Page elements can be added and deleted as you wish. With some brokers, placing a trade takes two to three clicks just to get to the right area. Also like TD Ameritrade, you get what you pay for. Back in the day, it was TD Waterhouse and then it merged with Ameritrade to form one company.
TD Ameritrade is one of the all-around best online brokers because any level of trader can be satisfied here. While the costs and fees are on the high end of the industry, you get access to comprehensive research materials both third-party and in-house as well as education resources that can help you advance as a trader. TD Ameritrade has three different trading platforms to support all levels of traders. The Trade Architect platform is well suited for more active traders.
With thinkorswim, advanced traders can access a variety of markets, including futures markets. The Mobile Trader app is set up to enable you to make trades on the go, just as you would with your normal account. The app also enables you to chat with other traders and watch CNBC broadcasts. The first mobile app I mentioned is more basic, but it does have a unique feature built in worth noting. Invest in products or services you use or buy yourself. When you get a quote for a stock or mutual fund, TD Ameritrade provides you with all the information you need, including a summary, charts, analyst reports, and earnings.
You can have all your finances in one account vs. This makes transfers much easier. Plus, you can keep track of your finances better when everything is in one spot. Like I said before, I believe the value is there. Choosing the best online brokers is no easy task. I had to be aware that comparing a full-service broker to a discount broker or options broker was going to be difficult.
Once this comparison was complete, I was left with four of the best online brokers that excelled in specific areas. These four online brokerage firms cover the spectrum for anyone who would sign up for an investment account.
I knew I could recommend one of them to a specific group of investors or traders. The company still exists today and trades under the ticker SCON. This was the time of the first technology boom from The stock eventually went up to nearly double that and then crashed with the rest of the tech market.
Being 14 years old and thinking this stock was going to go up forever, I rode the wave up and all the way back down — down to nothing. Check out the chart of SCON below and feel my pain. You can see that the stock took two major spikes up and crashes back down I was involved in the first one. Staying disciplined can keep you from losing money and ensure you lock in your gains.
By discipline, I mean picking your prices — where you get in and get out ahead of time — and sticking to them. The good news about many of the best online brokerage accounts is that you can start by trading virtually before you risk your money. You can practice strategies and track your gains and losses without having to invest a dime using the same software the broker offers for real money.
The best traders in the world are extremely disciplined and always on top of the latest research and trends in the market. I worked with several of these people and witnessed it firsthand on a daily basis.