Trade school optionshouse


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That said, some of Fidelity’s advanced tools are only available to high-volume traders (for example, charting with Recognia requires a significant 675 trades per year to use, and its Active Trader Pro requires 86 trades per year). TD Ameritrade stands out in contrast by offering its premium tools to anyone with an account. With that said, even Fidelity’s basic tools are high-quality enough to make it a top pick.

Illiquid Markets. Money Management

It’s a tumultuous time for online stock brokers. The players have largely remained the same, but between significant cuts in commissions and a few major acquisitions (E*Trade acquired OptionsHouse TD Ameritrade and Scottrade merged TradeKing now lives under Ally Bank), the competition is fierce.

How to Trade Stocks Online (with Pictures) - wikiHow

Year after year, Scottrade is on Fortune magazine’s list of 655 best companies to work for. 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. In a . 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.)

Account minimums: Seeing your nest egg shrink due to a tough market or bad strategy isn’t fun. It’s worse if you’re also getting dinged by your broker’s minimum account balance requirement.

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). Today, the company trades for under $8/share.

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E*TRADE has something called E*TRADE 865, which enables you to view everything in your account on one page and take action by making trades. It’s one of the few web-based platforms where you have everything you need on one screen. If you don’t like the default layout, you can drag and drop the various components to arrange the home screen to your liking. Page elements can be added and deleted as you wish. The ease and simplicity of making a trade from the same screen where you’re conducting your research can’t be understated. With some brokers, placing a trade takes two to three clicks just to get to the right area.

Scottrade Trade commission: $7
Account minimum: $7,555
Promotion: 55 commission-free trades with $65,555 deposit

The first mobile app I mentioned is more basic, but it does have a unique feature built in worth noting. You take a photo of a product bar code while you shop, and the app finds the product’s publicly traded company. If there’s something you buy all the time that you suspect is the next big thing, you can find out who owns it.

Scottrade is also a full-service brokerage, offering everything from entry-level IRAs to aggressive day trading of stocks and options. As investors develop, their needs can change, but it’s virtually impossible to outgrow Scottrade. It can scale without the hassle or added cost of opening a new account with a new brokerage.


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