I tried to use the "contact us" support page, to get this question in, but the link was dead. I'm hoping this will work. I've been studying the videos and doing research now for a few weeks and believe I am ready to get an account and start trading.
I know Tim is using e-trade and IB. I'm looking for advise on where I need to open my account. I'm new, only done some paper trading, I have $15000 to get started and would like feedback on where to open an account and why.
Specifically, what advantages and tools etc are available at suggested companies that make it the right choice for a new day/penny stock trader to open an a new account of $15,000 (Advantages/disadvantages)?
Thank you for you counsel/advise!
Posted Feb 03, 16 8:44 AMbyBaruch
Categories
Basics
Etrade good for IRA accounts and long trades. Etrade is limited in shorts. IB is a good solid broker with better borrows for shorts. More professional and it has higher requirements. If you like Pink sheets and OTC, Speedtrader has good feeds for that. If you want to be hardcore trader (need over 30-40k) then go with a real direct access broker like Centerpoint Lightspeed, etc...
If you like futures trading the most common is Ninja Trader. Stage 5 is becoming popular recently. AMP Trading and Global Futures are old favorites too.
I appresciate the advise. I opened a e-trade account and got e-trade pro; so ho ho ho here we go!
cool.
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