What is the best site for trading stocks and currency exchange?

Question

I am completely new to the world of trading stocks or currency, but I want to get started. I see ads for all these different websites (ameritrade, etrade, etc.), and I was wondering, which (if any) would be the best for a beginner? I'm not looking to get rich quick, but I would like to start investing my money for the long term.

Also, which if any of these sites offers a way to trade currencies? Ideally, I would become a member of the site with the best combination of both of these (trading stocks and currency).

Thanks

Answer 1

There is no “best” on-line company



Mostly all brokerage firms provide their clients with on-line services, including trading platforms, latest market & financial news and research.



Customer need to select the site that is best for them. Traders have requirements in a site, while investors have other requirements.



Although most sites are geared to general securities and commodities, however customers may have special needs for the types of products they trade, and the markets in which they trade.



It seems that the most popular firms for on-line investing all of which provide excellent platforms and services are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade and Thinkorswim.



Based on your question, the last thing you should be looking for is an "on-line" site,

You should first educate yourself about the securities markets and the products traded on each.

Get to learn the terminology, the rules and the various strategies.



visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ )

While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it. Other website that can provide instructions and help with procedures and terminology are

Investopedia - http://www.investopedia.com/ Stock Charts - http://stockcharts.com/

Other - http://www.investorshub.com/ http://www.1source4stocks.com/

Answer 2

Hello,



I think it is always best to use a search engine that is specifically designed for the product you want to trade. For stocks try www.tradedow.com, www.tradeinternet.com or even www.tradeeverything.com. There you can search to find out the best on line platform. if you are interested in Japan, check out www.tradenikkei.com. If you want to learn how to trade check out www.tradermaker.com.



For currencies try www.tradeforeignexchange.com, www.tradefxoptions.com and www.tradeyen.com - they will all work well.

Answer 3

In india

www.moneycontrol.com

www.reliancemoney.com

www.icicidirect.com

Answer 4

A friend of mine has en etrade account. I have an ameritrade account. I cannot trade currencies but she can. She was showing me different teaching tools that are available from etrade. I asked if ameritrade trades currencies, and they said no.



good luck and trade carefully. I do know you can open a "practice" account for currencies. That cost nothing and you can trade like its your money. You get 50,000.00 to "play with"

Answer 5

A. Wait 5 years (after getting a lot of trading experience) before doing currencies. THIS IS NOT AN AREA FOR A NEW INVESTOR..... (no matter what the "adds" suggest).



B. Schwab or Fidelity Investments may be the best place for a "newbie".



C. Read a few books on investing before putting down one penny. I guarantee this alone will save you thousands of dollars. Start with a couple of books from the "Dummy" series..... they're a great way to start.

Answer 6

Binary options trading is very popular in many countries around the globe. However, most people still ask the question "can you really make money in binary options". The short answer is that yes, in this website they give you a few tips on how you can make money trading binary options https://tr.im/5Gn0Z



You can make money online with binary options trading if you only trade at legitimate binary options brokers and learn the fundamentals of binary trading and employ proper trading startegy.

Answer 7

the best trading software http://tradingsolution.info

i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.

if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 8

I'm a relatively new investor and I use Zecco.com. You get 10 free trades/month with a balance of $2,500 or more which is great for someone like me who just invests a little at a time each month. The 10 free trades really save on commissions and let me diversify my portfolio by making it feasible for me to buy smaller numbers of shares in a wider variety of stocks.

Answer 9

There are several sites that you can log on to. Most of these sites have education tools which help you become more knowlegeable of trading. Just a word to the "wise", you better know what you are doing because really you can lose everything you invested so fast it will make your head swim. So if you do decide to do this, become informed and start small. Most sites require minimum investments. I have seen people make money and I have seen people lose a lot of money. Anyway here are several sites you can visit, trade king, pfgbest, optionshouse, market club. Of course all of these start with www. Good luck to you but really please be careful.