If you plan to trade penny stocks, you are going to need a good penny stock broker. They act as the bridge between you and the market. Actually, you couldn't buy directly if you wanted too. There are laws that require specific licenses to access the stock market directly.
stock broker salary
There are different types of stock brokers. When doing any sort of short term trading, you'll want to use discount brokers. The fees of a full service broker will get too expensive when engaging in frequent short term trades.
Discount brokers have trading systems that allow you and me to enter trades. This step reduces the work the broker needs to do. That's why their broker fees are so much cheaper. Also, they won't give you any research or ideas on what to trade.
Cheap stocks tend to be considered a risky investment. They can be risky if you don't know what you are doing. People buy these stocks because of their low prices with the hope of watching them go up thousands of percentages. This sounds great but if you don't know how to pick the winners, you're just gambling, not investing.
The top brokers in my opinion are TD-Ameritrade, E*Trade, and Scottrade. These are companies that you will have no problems with. They have been around for years and have great reputations.
Review these three brokers for fees, support, ease of trade entries, deposit requirements, and any other feature you find important.
With penny stocks, you can buy lots of shares. A small price movement of a few cents can mean huge returns for you. Be sure to use the best penny stock broker to make the most of each trade!
stock broker salary
There are different types of stock brokers. When doing any sort of short term trading, you'll want to use discount brokers. The fees of a full service broker will get too expensive when engaging in frequent short term trades.
Discount brokers have trading systems that allow you and me to enter trades. This step reduces the work the broker needs to do. That's why their broker fees are so much cheaper. Also, they won't give you any research or ideas on what to trade.
Cheap stocks tend to be considered a risky investment. They can be risky if you don't know what you are doing. People buy these stocks because of their low prices with the hope of watching them go up thousands of percentages. This sounds great but if you don't know how to pick the winners, you're just gambling, not investing.
The top brokers in my opinion are TD-Ameritrade, E*Trade, and Scottrade. These are companies that you will have no problems with. They have been around for years and have great reputations.
Review these three brokers for fees, support, ease of trade entries, deposit requirements, and any other feature you find important.
With penny stocks, you can buy lots of shares. A small price movement of a few cents can mean huge returns for you. Be sure to use the best penny stock broker to make the most of each trade!