New investors taking their first steps towards learning the basics of stock trading should have access to multiple sources of quality education. Just like riding a bike, trial and error coupled with the ability to keep pressing forth will eventually lead to success. One great advantage of stock trading lies in the fact that the game itself lasts a lifetime. Investors have years to develop and hone their skills. Strategies used twenty years ago are still utilized today. The game is always in full force.
Paying for research and analysis can be both educational and useful. Some investors may find watching or observing market professionals to be more beneficial than trying to apply newly learned lessons themselves. There are a slew of paid subscription sites available across the web, the key is in finding the right ones for you. View a list of the services I use myself. Two well-respected services include Investors.com and Morningstar.
E*Trade Financial ranks highly in research and in trading tools, and features reasonable pricing. E*Trade is also one of the largest and most prominent stock trading companies with a presence in Canada, Mexico, Asia, Europe and South Africa. With more than 3,000 employees worldwide, investors have ready access to live trader assistance.
Despite high marks across the board in the 2014 J.D. Power survey, Vanguard manages to fly under the radar for many investors. That’s really regrettable. Vanguard is a heavy hitter in the market, managing almost $3 trillion (that’s with a “T”) in assets.
Fidelity ranked especially high in customer service and research, both essential elements for enhancing investor confidence. Fidelity also offers good value for the money and a broad variety of product offerings.
TTradeKing is another low-priced stock trading agency that nonetheless scores high marks. Stock trades are priced at a flat $4.95 each and options are $4.95 plus 65 cents per contract. Broker assisted trades are priced at a reasonable $20.
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