10 Best Online Trading Platform for Beginners

The term “trading” actually means exchanging one product or item for another. It's known that in the financial market, when an item is bought for a certain price and that same item is sold at another price, either for profit purpose, then such interaction is termed as trading.

Actually, you can say trading is a means of investing, because once you purchase an item for a lower price and trade it for profit purpose, then the term investment can be used.

In a trading platform, the two main parties that are considered is the “brokers” and the “investors”. The brokers are those who sells there item worth thousands for hundreds, that is, they are always at lost, but the investors gets the items from them at cheaper rate and sells at a better price. Imagine a broker selling an item worth $800 for just $350, and the lucky investor gets the item at that price and sells at $600. Its a huge gain.

Nowadays, trading is commonly done online, in other words, the “Online trading business”. Its a business, by which the individual investors and traders prefare to trade online. Hope you've been able to understand the term “trading”.

Without much say, I would quickly move into a brief review about the 10 Best Trading Platform for beginners.

Before joining any trading platform, there are some key factors to be considered, in other to know which of the trading platform that best serves you right.

Some of the factors are:

§  Knowing the cost per trade of that platform. This is a very important factor to be considered, because in a good trading platform, there should be a high priority for the investors.

§  You should also consider the service fee. And this fee is being charged, whether you are actively or in actively trading.

§  Another great factor you should consider in a good trading platform is fast execution, that is, all orders should be filled fast.

§  Another booming factor to be considered is promotion. Of course it's a very good way to engage traders. For instance, trade free for 30days and get up to $300.

§  Account minimums is another factor you should consider, because there are some certain amount your account falls at which such market won't be activated

§  Other factors you should consider is the type of investment made in such trading platform and also make sure that the trading platform is ease to use with a good user interface.

With the above factors and many other non-mentioned factors, we used them to review the 10 best trading platform for beginners.

• TD Ameritrade: This is a very popular trading platform and its rated as the number one online broker overall in the 2014 review. This platform is said to provide a very wide range of researches and trading tools in which investors finds very useful. There account minimum is very appealing with even $0 and there promotional offers worth up to $600 + free trading for 90 days.

• ETRADE: According to stockbroker's review, E*Trade was voted as the number one online brokers as of 2011 and finishing 2nd in there review as of 2012 and 2013. E*Trade offers a great range of investment opportunity, which is useful for every investors. There current promotion gives you up to $600 + free trades for 60 days.

• Charles schwab: This is another great trading platform with loads of unique features. It's well rated with a 4.5 start performance. In this platform, there is lot of extensive research with a great customer's service and cool banking service. I really recommend this service for beginners cause it's a great service brokerage. There recent offers gives you 300 commission fee + free Online trades.

• TradeKing: This is another impressive online trading platform, that is also rated with a 4.5 start development. In this network, they have over 500,00 traders that shares there research and ideas. The tradeking is the best place for investors looking for discount stock and great customers service. There current offer gives you $150 in transfer fee reimbursed.

• OptionsHouse: OptionHouse was full star rated (5 stars) as of 2012 with lots of popularity. His trading platform is really doing great and advice able for beginners to go for. There recent promotional offers gives 100 free trades.

Other cool trading platforms

•  OptionsXpress- There trading platform gives promotional offer of $100 for any new account created.
•  Scottrade- Another cool trading platform that offers $100 in transfer fees being refunded
•  Trademonster- This is a real and unique trading platform. They also offer free trading for 30days.
•  MB Trading- This is one of the coolest trading platform with great offers. In there promotional offer, they offers 100 free trades.
•  Fidelity- It's known as the full service brokerage with great competition in the online trading field.

Bottom Line:

Joining the above trading platforms would do you good, because they are very much reliable than other trading platforms. My advice to you is that, before trading or investing online, make a research about online brokers that they plan to employ and make sure that those firms are licensed in there states or jurisdiction being provided, so you won't fall victim to unlawful security schemes like the so called boiler room scam. With the mentioned online trading platform, bet me, you would be a very successful online investor.

Anyikwa chinonso 2 Comments

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10 Best Online Trading Platform for Beginners

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