If you are a new stock trader or investor, you should check out some of the resources I have put together. This is a great way to get you started in the stock market and it will give you an insight that you probably never heard before to this detail and extent! I say that, because I see many books and stock websites giving you a piece of the puzzle - but I have yet seen a trader that can guide you through a large chunk of their trading to this extent. It's almost like having a mentor. I know you will find the resources below helpful for you and I will strive to continue to grow this list over time.
Ultimate Beginner and Trading FAQ's
Disclosure: Note that some of the links below are affiliate links, and are no additional cost to you. I may earn a commission if you decide to sign up or make a purchase. However as always, I give my honest opinion about the tools and companies who I have experience with. Only sign up or buy them if you feel they will help you achieve your goals.
Stock Trading Brokers
TC2000 by Worden
is my primary chart scanning tool that I use. This is the tool that you normally see me use on my daily recaps videos and screen shots.
I like TradeKing because the stock trades are just $4.95. Options are $4.95 + $0.65 per contract. You do have a $2,000 minimum on a margin account. If you are into platforms the Tradeking Live platform is quite sleek. Get the review here
Has a minimum of $5,000 for your starting account balance. $30,000 for pattern day trading accounts... So it may not be a great starting point if you don't have that much money to invest. Their pricing is a bit higher ($9.99 per trade if you do 1-9 trades per month) or as low as $4.99 if you do more than 200 trades. If you do the per-share rate you can get $.01 per share for up to 500 shares. This could be nice if you are trading 200 shares which should only cost you about $2.00.
Scottrade is a good online broker for people looking to just get started. They have fairly good support team and branches around the country. The fees are $7 bucks per trade. The option rates are not the best ($7 minimum plus $1.25 per contract). However the minimum is only $500. So if you don't have a lot of cash to spare then this could be a great starting point. Get the review here
E-Trade is another great starting platform. Although it would be my second choice at this point. Their stock price is $9.99 per trade ($7.99 if you do more than 150+ trades). However, for a beginner I doubt you would do more than 150+ trades per quarter. Options are $9.99 + $0.75 per contract. I must say they currently do have a nice platform.
Sasha's Book Club