Americas Last Days: How to Trade Stocks
This will be a step by step instruction on how to get started buying and selling stocks in the stock market online. I suggest an initial investment of over 2,000 dollars after you understand the method.
Step 1 Find a good online broker
TD Ameritrade is raked number 1
Free to Open an Account with valid personal information.
Fund Account fast by cash transfer ACH via checking account.
$10 dollar fee to buy any number of stocks.
$10 dollar fee to sell any number of stocks.
Accounts under 2,000 dollars are restricted to cash account status which means a 3 day waiting period to trade profit / loss amount of money.
Accounts over 2,000 dollars are eligible for margin account upgrade which means no waiting period to trade profit / loss amount of money at a small interest rate.
3 business days for cash withdraws.
Insured up to 2,000,000 dollars per account.
Banks are insured up to 200,000 dollars per account.
No inactivity fees.
No other account fees.
Understand the limitations
Anyone can buy stocks any number of times and sell them the next business day.
All Accounts under 25,000 dollars are restricted from day trading only 3 times within 5 current business days.
1 day trade is buying an order of stocks and selling it on the same day.
Accounts over 3 day trades per 5 business days will be closed for 90 days.
Funding errors like bounced checks can result in frozen accounts.
Shorting stocks require larger accounts.
Referrals bonuses can result to frozen accounts by your association with other account offenders.
The best way to buy the stock is use
Think or Swim
trading platform.
Free software.
View Stock charts in real time.
View all buyer and seller orders.
View technical indicators via MACD, moving averages, CCI and other technical studies which mathematical tell you if it is a good environment to buy or sell stock.
Buy and sell stocks at the touch of 2 buttons.
Drawing tools for support and resistance analisis
Although Td Ameritrade is a good broker the 3 day trading rule is restrictive to those that want to day trade
and remains the biggest disadvantage to trading.
Shure Trader is a smaller brokerage firm located outside of the united states and and comes with its advantages and disadvantages to those that want to day trade with accounts under 25,000 dollars. I suggest an initial investment of over 2,000 dollars via credit card to keep initial account at over 500 dollars .
Advantages
Margin account at $500 dollars.
No Day Trading Rule.
Ability to short at full account level.
Greater range of stocks to short.
Disadvantages
Optional Monthly Platform Fee.
Free Web Trading with low quality chart.
Funding Glitches can loose money
Paper based Deposits with Fees
Paper based withdraws with Fees.
Accounts under $500 will be frozen.
Understand the requirements
Passport Card $120 dollars
Drivers License
Utility bill
3 Professional References / 3 bankers at your bank.
Fund by credit card to Withdraw by credit card.
Step 2 Learn to read Stock charts
To be continued
Source –
Americas Last Days: How to Trade Stocks
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