You've probably heard of Robinhood if you've been thinking about investing. Robinhood is one of the most popular zero-commission stock brokers available and is available on Apple and Android devices as well as on desktop. More some investors, Robinhood is a great broker, but for more experienced traders, it may not be. Here are some pro's and cons to give you an idea if Robinhood is for you: Pros: $0 Commissions: No Fees $0 Account Minimum: Most brokers have minimums of a few hundred or thousand dollars. Mobile App : Much better-looking than most brokers' mobile app Stocks, Options, and even Cryptocurrencies available Beginner Friendly : Very easy to use and the zero-fee system allows you to trade small. Cons: Customer Support : Email only. They don't have a phone call option Charts are Very Basic : Not a huge problem since you can use other charting platforms and use Robinhood for your orders. *Not Friendly for Highly-Active Traders...
TDAmeritrade announced today , October 1, 2019, that it will begin offering $0 commissions on stock trades, effective October 3, 2019. The news came after a competitor, Charles Schwab, released news that they would be offering $0 commission trades effective October 7, 2019. There has been pricing pressure on brokerages' commission structures over the years after many brokerages charged up to $10 on trades just a few years ago. Popular firms like Etrade and TDAmeritrade gradually lowered their commissions to $7 or $5 to compete against each other. Recently, startups such as Robinhood and WeBull have gained popularity with millennials and new traders with their $0 Commission pricing structure. The downside to these startup brokerage companies is that they have not been able to offer much as far as customer support and trading tools and platforms. TDAmeritrade's award-winning Thinkorswim platform , education program, and customer support really give them a hug...
There are a lot of Beginner Stock Trading tips out there that may help or may not, but in the end, the best thing you can do to become a better trader is to simply immerse yourself in it. This may not be the tip you were hoping to get, but it is the one you need. Many people want a get-rich-quick scheme but to become a successful trader, you have to get that out of your head and really be willing to put in the time and hard work required. You Must Build Intuition If you ask successful traders how they know a stock was about to move a certain way, they may give you certain hard metrics like price movement or volume, but many will agree that most of it boils down to "having a feel for the market" . What does this mean? Well, it certainly doesn't have to do with how "smart" someone is or what their IQ is. It simply is the intuition built over time from watching the markets over and over again. Just like listening to a song over and over again; the firs...
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