With the recent trend of most brokers going commission free, more and more opportunities are starting to open up the those just starting out in the financials world. However, the vast array of choices can be overwhelming. Which out of the available brokerages/applications should you get?
TD Ameritrade is the go-to for most new investors, as they recently went commission free on all equities, with small charges on options. They include a large learning/education library, and a ton of really good resources for getting started.
The classic. This is the original no commission, completely fee-free investing app that shook the world when they first launched in 2013. I still use them for options investing, as they don’t charge any fees for any options contracts you wish to purchase. However, the UI is not very advanced, and I highly recommend using something like TradingView.com with it.
WeBull is one of my favorites. It has a clean UI, pretty advanced charting tools for what it is, and I haven’t experienced any problems with it. It has someresources for beginners, and encourages exploration and learning in its own way.
I use a combination of all of the above for my trading, personally, and I highly recommend you have fun exploring the different brokerages. Charles Schawb is one I’ve also heard a lot about, although I haven’t personally used it. I visited their website a few times and looked at their tools and it just failed to entice me into downloading it or signing up, so I haven’t. I personally use a combination WeBull and TradingView.com as my favorites so far, paired with RobinHood for the options contracts. In that way, I avoid paying any fees.
TradingView.com is also something you should add to your repertoire simply because of the ability to code your own indicators and use them for free, which is wildly useful. I myself use them all the time, and strongly recommend that you check them out if you’re the slightest bit interested in chart patterns or stock ideas.
I was about to hit the publish button and then I remembered ChartMill, so check that out too. They provide in depth analysis about equities on demand. They have some confusing pricing structures, so be careful, but I seem to be able to use it for free as much as I want, so test it out.
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