EzineArticles - Expert Authors Sharing Their Best Original Articles



  Submit Articles
  Members Login
  Benefits
  Expert Authors
  Read Endorsements
  Editorial Guidelines
  Author TOS

  Terms of Service
  Ezines / Email Alerts
  Manage Subscriptions
  EzineArticles RSS

  Blog
  Forums
  About Us
  What's New
  Contact Us
  Article Writing Shop
  Advertising
  Affiliates
  Privacy Policy
  Site Map


Advanced Search


Would you like to be notified when a new article is added to the Stocks category?

Email Address:


Your Name:


Prefer RSS?
Subscribe to the
Stocks
RSS Feed:

Who is the Best Online Broker For Beginning Traders?
Print This Article Ezine Publisher Send To Friends Add To Favorites Post A Comment Suggest Topic Report Author
CloseRecommend This Article
From:
To:
Message:

As someone who is just starting to trade stocks, picking the best online broker is very important and is worth spending a little extra time comparing brokers side by side. What you will find is a pretty broad spectrum of commissions, quality of trading tools and quality of customer service.

Each year, publications review and rate online brokers and rank them across a variety of criteria to tell you who the best online broker is in each of the categories and then an overall ranking. For a beginner, you should only be concerned with the group called discount brokers. These are the online brokerages who cater to the individual trader by offering a web interface so they can make their own trades, along with research and analysis tools to help the investor make decisions about which stocks to buy.
 
This category includes many big names like E*Trade, TD Ameritrade, TradeKing, Scottrade, Zecco, etc. I am sure you have heard of many of these. Each one is good in their own way, each has their own particular strengths and offers services to attract a particular part of the market. Take TD Ameritrade as an example. They are not the cheapest and they don't have the best customer service. Where they differentiate themselves is with the quality, variety and sophistication of their trading tools. They attract more experienced traders who spend a lot of time on their stock trading, maybe even on a full-time basis.
 
The best online broker for a beginning trader is one who combines strengths in a few areas. One of these is cost. Beginners should look for a broker with a low cost structure, low or no minimum deposit requirements and strong customer service. This just makes sense. A beginner will go through a learning process early on, meaning they will place smaller trades more often. If they don't have low commissions, the fees will eat up any profits they do make.
 
Customer service is also important early on in your trading career. You may have questions about setting up your account, options for funding it, rules for making trades or understanding details like trading on margin. Having fast, responsive customer service is a quality of the best online broker and can make the difficult task of starting out much easier.

To view a comparison chart of the best online brokers, visit, Best Online Broker Comparison Chart

Daniel B. Johnson is vice-president of a wireless communications company based in Dallas. He maintains a successful online trading career on a part-time basis.

Article Source: http://EzineArticles.com/?expert=Daniel_B._Johnson

Other Recent EzineArticles from the Investing:Stocks Category:

Most Viewed EzineArticles in the Investing:Stocks Category (60 Days)

  1. What Are the Best Penny Stocks to Buy Right Now? 2010
  2. 3 Best Penny Stocks to Invest In - Look No Further
  3. Mistakes to Avoid When Trading Penny Stocks
  4. Big A's ETF Trend Trading System - Facts, Figures, and Complaints
  5. Stocks That Pay Monthly Dividends
  6. Best Stock Investment in 2010 & Beyond
  7. How to Find the Trend of a Stock in Two Steps
  8. 3 Things You Should Do Before You Invest in the Stock Market
  9. Crude Oil Price Forecast Using Technical Analysis
  10. The History and Truth Behind Japanese Candlestick Patterns
  11. 15 Bullish Candlestick Pattern Money Makers - The Keys to Doubling Your Account Fast!
  12. High Yield Dividend Stocks - How to Pick and When to Buy
  13. Outlook For High Yield Dividend Stocks As We Enter the New Year
  14. High Profit Japanese Candlestick Continuation Patterns - How to Nail These Patterns Like Clockwork
  15. The Best of the Cheap Stock Tips Programs

Most Published EzineArticles in the Investing:Stocks Category (60 days)

  1. What Are the Best Penny Stocks to Buy Right Now? 2010
  2. 3 Best Penny Stocks to Invest In - Look No Further
  3. Stock Market Investing - What is Santa Claus Rally?
  4. Micro Cap Stock Picks - Are They Worth the Risk?
  5. How to Pick Penny Stocks With Volume Scans
  6. Tips on Finding Good Penny Stocks
  7. The Key to Understanding the Stock Market
  8. Is Investing in the Stock Market Like Gambling?
  9. Penny Stocks to Invest In - How Do I Buy Penny Stocks Online?
  10. Investing in the Stock Market to Make Money
  11. Penny Stock - The Easy Way to Unveil the Mystery Behind Penny Stocks
  12. How to Find the Most Active Penny Stocks
  13. Defining the Best Penny Stocks to Invest In
  14. Mistakes to Avoid When Trading Penny Stocks
  15. Buying Penny Stocks Online

 

This article has been viewed 281 time(s).
Article Submitted On: October 02, 2008



© EzineArticles.com - All Rights Reserved Worldwide.