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MoneyMonger
#1 Posted : Sunday, July 01, 2012 1:29:19 PM
Rank: Member


Joined: 4/25/2012
Posts: 110
I am looking forward to try my hand in markets such as the NYSE in the near future and I need to begin my research now. Some of you might be in NYSE already and could have some idea about brokers you have worked seamlessly with. Of cause I can read around their profiles on the internet, but your tips will be much appreciated.

Many thanks.
There is nothing as dangerous as an Idea, when there is only one Idea
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QW25091985
#2 Posted : Sunday, July 01, 2012 3:11:41 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
You'll need a broker with a small comission when placing trades.
If you get any better than zecco tell me.
Try zecco.com
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kyt
#3 Posted : Sunday, July 01, 2012 3:12:16 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
@Hisah @nabwire @young, any insights. about day trading, and broking firms and the fees? i also would love to try but i have no idea where to start. zero knowledge. any help?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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itz
#4 Posted : Sunday, July 01, 2012 7:29:23 PM
Rank: Member


Joined: 3/20/2009
Posts: 348
QW25091985 wrote:
You'll need a broker with a small comission when placing trades.
If you get any better than zecco tell me.
Try zecco.com


i use zecco.its the best and cheapest.been with them since 08.Daytrading US equities is a losers game.The house wins almost always in the long run.short term trading is better with the crazy market volatility.
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young
#5 Posted : Monday, July 02, 2012 6:18:53 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
For NYSE/NASDAQ ONLY
I recommend
(i) Etrade www.etrade.com

(ii) Ameritrade www.tdameritrade.com
Their commission is reasonable USD 9.99 per trade

FOR US & CANADIAN MARKET USING SAME BROKER

check out
www.penntrade.com

The downside of penntrade is their high commission circa USD 30 per trade
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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mnandii
#6 Posted : Monday, July 02, 2012 6:27:23 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Short the stocks(global). The outlook isn't pretty for now.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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gatoho
#7 Posted : Monday, July 02, 2012 6:31:51 PM
Rank: Member


Joined: 1/1/2010
Posts: 511
Location: kandara, Murang'a
young wrote:
For NYSE/NASDAQ ONLY
I recommend
(i) Etrade www.etrade.com

(ii) Ameritrade www.tdameritrade.com
Their commission is reasonable USD 9.99 per trade

FOR US & CANADIAN MARKET USING SAME BROKER

check out
www.penntrade.com

The downside of penntrade is their high commission circa USD 30 per trade



TD Ameritrade will do Canadian options for you at same rate as American at no ectra costs, if you put $2k you do 60 free trades for 1st two more, after uniform 9.99 per trade(uniform) Much easier if you are based there
Foresight..
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hisah
#8 Posted : Monday, July 02, 2012 11:05:18 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Etrade & Ameritrade anytime. I wonder what @Mainat uses...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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MoneyMonger
#9 Posted : Tuesday, July 03, 2012 1:10:11 AM
Rank: Member


Joined: 4/25/2012
Posts: 110
Many thanks brothers (are there sisters? I would be happy if they are also investing) for the suggestions, gives me direction on where to start reading from. Any further suggestions discussions are highly welcome!
There is nothing as dangerous as an Idea, when there is only one Idea
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MoneyMonger
#10 Posted : Tuesday, July 03, 2012 1:20:39 AM
Rank: Member


Joined: 4/25/2012
Posts: 110
mnandii wrote:
Short the stocks(global). The outlook isn't pretty for now.


Still doing my homework and don't think I will be putting in real money till next year. I will make do with some virtual trades until I am comfortable.
There is nothing as dangerous as an Idea, when there is only one Idea
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kyt
#11 Posted : Tuesday, July 03, 2012 1:52:27 AM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
is this 9.99 a flat rate regardless of the amount u want to invest, @young?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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young
#12 Posted : Wednesday, July 04, 2012 2:24:56 AM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
kyt wrote:
is this 9.99 a flat rate regardless of the amount u want to invest, @young?


Yes absolutely
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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