stock traders

[Omegachi]

i need help in picking a stock trading company, can someone tell me which company is good and how much their rates are? also if you can include why they are good would be good

 

[BrunoPuntzJones]

Ameritrade, as lame as it sounds. $8 a trade and executed within 10 seconds or it's free. Even let me buy on margin (although it has to be paid within a few days).

 

[jeffrey]

Open up a Roth IRA and put it into a mutual fund. If you have more money than the $5,000 that you can probably invest in one, then and only then should you conisder risking your money in a single stock with a discount broker.

 

[pillage2001]

I'm new to this too and am looking to invest some.

A few questions. Do they charge you any interest if you decide to keep the particular share for a long time. Namely, a year or more??

8 dollars a trade means one time transaction regardless of how many lots you buy??

 

[Omegachi]

in ameritrade, what is the option to sell or buy stock at a desire price or better. If its lower than a selling price or higher than a buying price you requested the order would not go through. how i specify that?

and for ameritrade, is it 8 bucks for every transaction? don't charge you anything else?

 

[superkeith]

dont know about ameritrade, but...

scottrade
$7 market order (market price)
$12 limit order (you set price)
and no inactivity fee

i also suggest that you look into (roth) iras...
i have a fidelity account that i like very much.

 

[BrunoPuntzJones]

Omega are you talking about limit orders? You can do that. Lets say I want to buy MSFT if it drops below $33 over the day. It'll let you do that. After the day is over it expires and don't have to worry about cancelling it.

They are dead serious in their margin calls though, they will sell whatever you have to make good on it, so be careful. They are really cool over the phone too, but costs a lot more (like $20 a trade).

I don't know of any normal charges other than the $8. There may be some comission on some stuff other than normal trading. It's way better than Charles Schwab, that's why I quit them. Was like $30 and then a % of the order on top of that. Same thing when it's sold. Could easily spend $100 on a single trade :|

Ameritrade doesn't offer nearly the service of a giant like CS, but they are fast and are pretty cool.

edit: I saw superkeith's post and forgot to add, Ameritrade does have fees if your account dips below something like $1000 or $2000. If you have a Roth IRA you wouldn't have to worry about it.

 

[Bozo Galora]

$8 buy/per transaction
$8 sell/per transaction

If you say "at the market" your trade will be the next in order on the floor after it is delivered (electronically)
at whatever price is in force at the time, after you hit the go button

or, you can type in any price you want, and also for how long you want it to be up and if you will accept
breaking the trade into smaller pieces, and when and if the price hits, your trade is exercised

after they get to know you, or if you have a big balance in account, you can buy on margin (borrowing a part
of owed amount), and yes you pay interest for as long as you keep it. Or you can pay full, no interest.

once you join up and get a password, its all self explanatory when you get to the trading page.

 

[Omegachi]

does ameritrade charge you extra for limit or stop orders?

 

[BrunoPuntzJones]

<< does ameritrade charge you extra for limit or stop orders? >>

limit orders are $13 (as are stop)