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Well i can't vouch for Ameritrade because i dont have a account with them. but ive heard good things about them.. though $10 per trade to me is a little to high unless im making large enough profits to cover the commission.. but as for brokers .. my recommendation is www.choicetrade.com ...no minimum to open a account.. $5 commission for both market and limit trades..stop/losses (but only for stocks $1 and over) ... trailing stop/losses for stocks $5 and over... given 3 1/2 stars by Barron's.. so thats a high compliment.. anyways check it out and make your own decision... there offering 10 free trades now i believe but only for accounts that are $5,000 (yeah i know other brokerages offer 25 trades or so but hey still not bad to try them out for free with 10 trades) ....
oh i forgot since you said your only a beginner you should really educate yourself about trading before you even open a account.. 2 book recommendations are below...
1) For swing/position trading (buying,holding and selling stocks between 2 to 5 days or about to 4 weeks) get : A Beginner's Guide to Short-Term Trading by toni turner.. www.toniturner.com
2)for Daytrading (buying/holding and selling stocks a matter of minutes or hours) get : How to Get started in Electronic Daytrading by David S. Nassar (can be bought on this site i believe as well as amazon or other book sites.. David also has his own site.. i believe its www.marketwise.com ) ....
[This message has been edited by Machiavelli (edited June 09, 2004).]
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I have Ameritrade and have had NO trouble. $10.99 IN & OUT. If you are new CMKX is the absolute riskiest thing you can buy, however, if you are going to do it do it quick. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
if you mean CMKX (CMKM Diamonds Inc.).. yes you can buy it with choicetrade.com .. but i wouldnt touch that stock even if u paid me a billion dollars lol .. i dont know who here follows candlestick charting... but this stock has had alot of Doji patterns in the past few days/weeks... its RSI and OBV are both in downtrends... the stock itself is in a downtrend.. about the only positive thing about this stock is its trading above its Moving Averages of 20,40,& 60 ..... like VNGN said.. and by my own technical analysis.. this is a highly risky stock...one important bit of advice i can give you is not to buy on tips.. take Stock Tips into consideration but research the stock with either technical analysis or fundamental analysis or a combination of both before you decide to buy that Stock Tip... you'll lose most of the time if you buy strictly on tips with no Analysis of your own... <shrugs> on that note.. some of my own stock tips that you can do research analysis on are PWRI, DNTK & BIBO .. i dont hold either of these stocks yet but im keeping a eye on them with my own TA ...
[This message has been edited by Machiavelli (edited June 11, 2004).]
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