Stock trading can be a scary concept. After all, investing in markets is something difficult that only professionals can do, right? Well, not really. All you need to start trading today is some money to invest and a good online stock trading platform.
The poster child for online stock trading, E-Trade is a great place for beginners to start. If you’ve never done any trading before, we recommend E-Trade. You can get acquainted with the basics through their learning tools. They offer web seminars, reading material and more to get you comfortable with the idea of investing in stocks.
They even have a team of market analysts who can help guide you in the best ways to invest your money. Their analyses are available through the site, and you can even contact a 24-hour helpline to give you market advice. Really, it’s a great all-in-one for beginners.
Ally Invest is fantastic for those looking for a more budget-friendly way to trade. That’s because they have a low price for trading and a low commission structure for an online stock trading platform. They offer $5 trades, or $4 trades for people with more than 30 trades per quarter. That’s a pretty enticing deal for those looking to make a lot of trades!
If you’re a relatively confident investor who just needs a good, stable and inexpensive platform, Ally Invest is for you. They’ve got a few nifty tools for users, and they offer the best bang for your buck.
TD Ameritrade doesn’t have the low price of Ally Invest, but they offer some other interesting features. Trade Architect is TD Ameritrade’s beginner-friendly platform that will introduce new investors to all the concepts they need to know. The simplified platform is considered a rival to E-Trade’s easy-to-understand approach.
TD Ameritrade also offers a platform called Thinkorswim, which is great for established and confident investors. Thinkorswim offers market analyses, charts, graphs and in-depth reports fit for the most discerning of investors. So, whether you’re a greenhorn or a grizzled vet, TD Ameritrade has an online trading platform that will work for you!
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