Unless you are looking for education services or becoming a day trade, any discount broker will do. As with most things the more you pay the more you get, ie. thinkorswim isn't the cheapest but they focus on education
Thanks for the heads up. I'm not going to be trading that frequently. I just want to make sure that the brokerage I use doesn't charge excessive fees because I will be trading with such a low amount of money for a relatively short term.
I'll mostly be buying cheap blue chips and companies that are basically hard hit by the current crisis but bound to make a comeback within 1-2 years. Which companies exactly I'm not sure yet.
Comments
Make sure you don't qualify as a pattern day trader (http://en.wikipedia.org/wiki/Pattern_day_trader)
Unless you are looking for education services or becoming a day trade, any discount broker will do. As with most things the more you pay the more you get, ie. thinkorswim isn't the cheapest but they focus on education
Thanks for the heads up. I'm not going to be trading that frequently. I just want to make sure that the brokerage I use doesn't charge excessive fees because I will be trading with such a low amount of money for a relatively short term.
I'll mostly be buying cheap blue chips and companies that are basically hard hit by the current crisis but bound to make a comeback within 1-2 years. Which companies exactly I'm not sure yet.