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Question: I have $500 set aside for investing in stocks. what website should i use to trade?

(Posted by: FloorCleaners.Net on 2010-09-03 20:39:05)

I have some minor knowledge of investing in stocks and i have money set aside strictly for that. What is a good website to use to trade? Lowest fees? Pros? Cons of some? Thanks!

Posted by: John S on 2010-09-04, 00:43:22

Check out superstarsoftrading.com. He has written a 150 page e-book that you can get for free, no strings. In the book he explains which stocks he trades and why, as well as his trading rules and strategies that have made me successful. Oh, and he is fully transparent and publishes his trades, unlike most in this industry. In saying that, brokers with good service, low commissions, good executions are Interactive Brokers, Think or Swim, Fidelity, SogoTrade and Zecco

Posted by: Caveat Emptor on 2010-09-04, 05:14:46

The "websites " are discount brokerages and, frankly, they're all about the same. $500 is really not enough money to start investing in stocks - the commission, even at a discount brokerage, will eat up any returns.