Stock trading is the buying and selling of stocks. Most often, stock trading takes place online, away from the trading floors. The electronic markets use vast computer networks for online stock trading to coordinate buyers and sellers. As an individual investor, you still need a broker to handle your trades because you do not have access to electronic markets. Your broker accesses the exchange network and finds a buyer or seller for you.
Sources of Online Stock Trading
The following sources could help you with trading stocks online. These stock trading sources offer several advantages. It is for you to choose what suits you best through comparative shopping. Here are the top ten sources for stock trading:
1. OptionXpress - www.optionsxpress.com.
2. Optionshouse - www.optionshouse.com.
3. Tradeking - www.tradeking.com.
4. Scottrade - www.scottrade.com.
5. Fidelity - www.fidelity.com.
6. E*trade financial - us.etrade.com.
7. Firstrade - www.firstrade.com.
8. ShareBuilder - www.sharebuilder.com.
9. Charles Schwab - www.schwab.com.
10. TD Ameritrade - www.tdameritrade.com.
When deciding upon the best source of online stock trading, be sure you consider the following:
1. Examine if the brokerage charges suit your trading frequency.
2. If you are going to trade infrequently, check the maintenance charges.
3. Use the demo accounts offered by sources. Through these, you will learn how the real thing works.
4. Ensure that the source is strong in stock trading analysis and research.
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