Which Broker?
So many brokers, which one to choose? Go for good customer service and affordability. Affordability can mean different things to different people. Some value low commission fees, others value the trading platform and tools the broker provides.
Below is a table of Barron's 13th annual rankings for top US online brokers in 2008:
You may like to read more about it here and here
I have 3 trading accounts in total with 3 different brokers - Optionsxpress, Interactive Brokers & Thinkorswim.
If you want my recommendation, it will have to be Interactive Brokers (IB) for its low commission fees. However, the customer service for IB may be difficult to reach at times. Also, the trading platform is very simple and plain. If you can afford the commission fees which is also relatively low, I highly recommend Thinkorswim. Their trading platform is very user-friendly and the customer service is excellent.
I haven't used the other online brokers, so I cannot comment much, but according to many traders I know, they also prefer IB and Thinkorswim.
In my earlier post, I advised mums who are interested in trading to "just do it". By this, I'm not suggesting you just jump in to trade with real money expecting to do well. What I mean is for you to familiarize yourself with the stock market and trading. How better to do so than to watch the stock market live quotes and stock charts ticking away in real time. You can do so by opening an account with Optionsxpress. Opening an account with them is absolutely FREE and you will have access to live stock market quotes and charts when the US markets open. I highly recommend newbies to do this as this is the best way one can familiarize themselves with the stock markets.
live streaming stock quotes from Optionsxpress
live streaming stock chart from Optionxpress
By the way, the US market opens at 9:30 A.M Eastern Standard Time, which coincides with Singapore's 10:30 P.M or 9.30 P.M, depending on daylight saving time. What this means is that you can take care of your baby throughout the day, and then when they fall asleep at night, you can take some time out to do some trading at night, which can be as little as 1-2 hours.
Below is a table of Barron's 13th annual rankings for top US online brokers in 2008:
You may like to read more about it here and here
I have 3 trading accounts in total with 3 different brokers - Optionsxpress, Interactive Brokers & Thinkorswim.
If you want my recommendation, it will have to be Interactive Brokers (IB) for its low commission fees. However, the customer service for IB may be difficult to reach at times. Also, the trading platform is very simple and plain. If you can afford the commission fees which is also relatively low, I highly recommend Thinkorswim. Their trading platform is very user-friendly and the customer service is excellent.
I haven't used the other online brokers, so I cannot comment much, but according to many traders I know, they also prefer IB and Thinkorswim.
In my earlier post, I advised mums who are interested in trading to "just do it". By this, I'm not suggesting you just jump in to trade with real money expecting to do well. What I mean is for you to familiarize yourself with the stock market and trading. How better to do so than to watch the stock market live quotes and stock charts ticking away in real time. You can do so by opening an account with Optionsxpress. Opening an account with them is absolutely FREE and you will have access to live stock market quotes and charts when the US markets open. I highly recommend newbies to do this as this is the best way one can familiarize themselves with the stock markets.
live streaming stock quotes from Optionsxpress
live streaming stock chart from OptionxpressBy the way, the US market opens at 9:30 A.M Eastern Standard Time, which coincides with Singapore's 10:30 P.M or 9.30 P.M, depending on daylight saving time. What this means is that you can take care of your baby throughout the day, and then when they fall asleep at night, you can take some time out to do some trading at night, which can be as little as 1-2 hours.
posted by Trader Mum @ 7:25 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home