Should you be buying stock now? The markets are at the lowest levels they have been in in years, and with careful research, you may be able to find some bargains. However, what stops many small investors, is the high cost of stock trading. A traditional broker can charge more than $50 per trade, making it difficult for the small investor to make any profits even with a rapidly rising market. The answer for many people is online trading.
I have been trading online for close to 5 years now. When I was looking for an online broker I looked at many different variables. How easy was it to trade? Was there a minimum deposit required to open an account? What were the trading fees? I wanted to get into stock trading, but I didn’t want to have to invest large amounts of money.
The online broker I eventually chose was Firstrade.com. I have been with them for many years now and have been very happy. They are easy to use and have no minimum deposit requirements. And the commissions are low. Currently just $6.95 per trade.
The old adage is to buy low and sell high. This may be a good time to buy stock. Be sure to do your research and start small until you can some skill and knowledge.