Tuesday, June 10, 2014

Review of broker net::How Much does It Cost to Charter a Private Plane?







Review of broker net::How Much does It Cost to Charter a Private Plane?








Zecco               is               a               discount               broker               who               offers               zero/low               commission               stock               trades.

It               is               a               good               option               for               day               and               swing               traders               who               buy               and               sell               frequently               -               in               such               trades,               the               profits               are               usually               small               and               large               commissions               can               eat               into               your               margins.

Zecco               offers               10               commission-free               trades               each               month               and               charges               $4.50               for               excess               trades               if               you               maintain               a               net               equity               of               $2500               in               your               account.

Zecco               offers               only               basic               and               bare-minimum               trading               and               charting               tools               compared               to               bigger               brokers.

It               also               provides               a               social               networking               platform               including               forums               and               blogs               for               members               to               exchange               their               views               and               ideas               on               trading.

In               fact,               there               are               many               online               brokers               like               MBTrading,               Interactive               Brokers,               etc.

that               offer               commission               rates               comparable               to               Zecco.

Bigger               online               brokers               like               Fidelity,               Ameritrade,               E-Trade,               etc.

charge               higher               commissions               but               they               provide               very               sophisticated               tools               for               the               advanced               trader               -               these               tools               are               very               useful               for               day               and               swing               trading               which               capture               short-term               movements               of               the               market               indexes.
               This               is               a               trade-off               you               should               consider               when               deciding               on               your               broker               -               cheaper               commissions               increase               your               margins               but               better               tools               enable               you               to               make               smarter               trades.

One               way               to               capture               both               these               features               is               to               have               an               account               with               both               kinds               of               brokers.

Use               the               tools               and               charting               from               the               better               broker               but               execute               trades               with               the               cheaper               one.

You               do               not               need               a               brokerage               account               to               access               these               tools               from               the               bigger               brokers;               a               Roth               or               traditional               IRA               account               usually               suffices.
               As               a               trader               on               a               small               budget               I               have               found               this               to               be               most               optimal.

My               trading               strategy               mostly               involves               day               trades               where               I               try               to               capitalize               on               small               price               changes               of               stocks.

For               this,               I               have               used               trading               tools               from               online               brokers               like               Fidelity.com               and               Ameritrade.com               successfully.

I               particularly               like               Fidelity's               'Active               Trader               Pro'               tool.

It               provides               streaming               market               data,               advanced               charting               and               data               filtering               options,               independent               research,               etc.

I               use               this               information               to               trade               via               MBTrading.com               which               charges               only               $1               per               trade               (buy               or               sell)               of               100               shares.

The               only               trading               tool               MBtrading               provides               is               live               level-2               quotes               but               their               low               commissions,               excellent               customer               service               and               easy               account               management               make               this               a               sweet               deal.
               Zecco's               platform               for               sharing               investment               ideas               and               opinions               is               a               good               forum               to               exchange               finance               news               and               ideas.

You               can               learn               new               strategies               and               improve               your               knowledge               about               investment               from               other               people's               experiences.

The               social               networking               platforms               provide               an               idea               about               general               trends               -               one               may               get               useful               tips               for               long-term               investment               strategies.
               But               for               day               trades               and               swing               trades,               in               general               it               is               a               bad               idea               to               use               other's               investment               plans               -               stock               trading               is               one               area               where               mass               adoption               of               an               idea               hurts               your               returns.

If               everyone               buys               the               same               stock,               its               price               rises               -               so               it               is               a               bad               time               for               you               to               buy               it.

Besides,               I               suspect               that               not               all               information               on               such               sites               may               be               genuine               because               no               one               like               to               reveal               his/her               investment               strategy               and               rationale               to               others.

So               data               from               such               forums               and               social               networking               sites               is               no               substitute               for               your               own               educated               assessment               and               should               be               used               with               caution               while               evolving               a               successful               trading               strategy.






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