E Trading

[ghost]

Have any of you done any trading online?
I know you can go to some sites (don't know which ones) and do your own stock trading rather than going the traditional route of a stock broker. I believe there are trading fees just like you would encompass with a broker, but you are more hands on with your investments. Correct?

What are some good sites to use, if any of you do trading online? Or is it better just to go the traditional route, i.e. a broker?

 

[washparkhorn]

My broker set me up with a small account that I could play with on E-trade as well (I thought he was so original when he did it). I don't have a lot in it and the first 20(?) trades were free.

My broker has made me more money, even with his cut, that I could make on what I thought were solid trades. Brokers don't have inside information, but they have the same information with analysts pouring over it as soon as it comes out, giving them a solid advantage. If you have enough $$$, use a broker. There is a reason for their existence and the good ones earn their money.

If you have an itch to try your skills and luck, e trade has served that need well for me.

 

[forgotmyusername]

No offense, but by the tone of your post, it doesn't seem like you should be doing any self-directed trading.

 

[ghost]

In reply to:

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[BHood27]

I use Ameritrade, a little more expensive per trade ($10.99) but has better tools.

 

[forgotmyusername]

I really didn't mean for the post to be condescending but I know it came off that way.

My point is that trading is a risky game, by definition. And I'm talking about trading, not investing.

To your original post - Any of the online sites will offer cheap commissions with varying tools and execution.

Good luck.