Eric Kim: How do I buy stocks online and what is the best way or website to go about this?
Hi, I am currently 22 and am interested in investing in stocks. I was wondering if anyone can guide me to a website to buy stocks. If there are alternative, easier methods, I would like to know them as well. Thank you!
Answers and Views:
Answer by A nobody
All major brokerage firms provide their clients with on-line services, including trading platforms, latest market & financial news and research.
Customer need to select the site that is best for them. Traders have requirements in a site, while investors have other requirements.
Although most sites are geared to general securities and commodities, however customers may have special needs for the types of products they trade, and the markets in which they trade. For example I use Fidelity for investing. Scottrade for equities trading and ThinkorSwim for option trading
It seems that the most popular firms for on-line investing/trading all of which provide excellent platforms and services are; Scottrade; Chas.Schwab; TDAmeritrade; Fidelity; E-Trade and Thinkorswim. In your situation, you may be best served if you select Scottrade or Ameritrade
Answer by Jennifer GilbertThere are a ton of brokerage houses you can go to online. I personally use Ameritrade and have been very happy with their service.
I also am a long time subscriber to the VRALetter which is the foundation of my education on what to invest in when and why. It’s great research that has none of the conflicts of interest that is typically seen within the industry. If you would like to learn more about the VRALetter which can be found at Crash Proof Prosperity simple go to
Answer by Mr SSince you are new, you will need a broker with a low minimum account requirement.
There are three options for you here:
Zecco – $ 0 minimum
TradeKing – $ 0
Scottrade – $ 500
I would go with Scottrade, they are pretty good, but Zecco will be cheaper and should be enough for you as a new investor.
Before you blow your money away, be sure to browse the “getting started in the markets” videos in the education section here: https://www.hotstockmarket.com/t/81513/learn-stock-market-investing-how-to-get-started-in-the-stock-market
Be warned, most new investors lose their money, so be sure this is risk capital you are using, that is, money you can afford to lose.
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