Make Your First Trade Online with Firstrade
January 16th, 2010 | 
Author: Firstrade is an online broker that many experienced stock investors are switching to because their services are so superior to those of many others. If you are a first time or experienced online investor interested in trading stocks, options, mutual funds, ETF’s or fixed incomes, you owe it to yourself to check them out.
Ease of use is of primary importance to anybody doing online trading. Firstrade is one of the easiest to use trading platforms there is. You don’t have to take their word for it. You can try their interactive demo and see for yourself exactly how it works.
Speed is also essential when you’re trading stocks online. You can’t wait when stock values fluctuate so rapidly. When you want to buy, you want to buy now and when you want to sell, you don’t want to wait and see the value of your stock plummet while a slow online brokerage sits on your money. Firstrade offers an amazing 3 second execution guarantee for qualified orders!
The other thing that is of paramount importance is the cost of your brokerage commissions. Firstrade has one low flat rate, with no hidden charges. All of their low charges are clearly listed on their website.
These are just a few of the advantages offered by Firstrade. If you have been hesitating about doing your stock trading online, don’t hesitate anymore. They make it easy, quick, safe and cheap for you!
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Henry Blodget, the one and only, the guy who has been banned from trading in stocks for life, has recommended that folks only involve themselves with no-loads.
I don’t know how people can work for nothing. So, obviously I am not understanding what Blodget is talking about.
But, he did say in his new book that if there are any charges at all, over time the yield will be about 20% of what it would have otherwise been.
Again, I am not sure what he is saying other than the people in the middle are getting very rich investing other people’s money.
I understand that the average sales person on Wall Street is getting a $200,000 bonus this year for just investing TARP money. Of course, if they had lost the TARP money it would have been an “oh well.”
Must be really nice to be in a position to invest other people’s money and get paid bonuses if you are just following the information in the sales pool.
A poor fellow in Cleveland doing plumbing probably knows ten times as much about life and making a real living as these first year sales people our of Harvard business, and yet, just because they can land those positions usually based on what their last names are, they end up at the age of 28 worth three to four million dollars, and can hold their nose up for the rest of their life without having to do a darn thing of worth for the society.
Just doesn’t seem even moral.
Warren Buffet says that it makes no sense at all to give one’s money to someone else so they can take huge risks with it and make great money if their research departments are correct, and suffer few if any consequences if the research departments are wrong.
So, I’m listening to all of this and am just confused.
Using a less known broker is often a great way to get good service.
Firsttrade is one of the best online boost up bussiness source. online broker, online trading and stock trading these very well. I hope it will be increase day by day popularity.Finance Solution
online trading are one way to smart invest
Nice post and good information about the first trade .does it provide online forex trading.i am looking to trade forex markets which offer good trading plat form for different type currencies.present i am using forex yard.i looked at first trade but there is no option for forex.
Thanks for the info on Firsttrade. I really like the online demo, and find that beneficial before using the services. I am just getting into trading, so low cost on trading is important, as well as keeping my eye out so I can move quickly as you mentioned.
Yes, I have seen the demo. It is so attractive to make online trade with Firstrade. Thanks for sharing
Good information support and its always been a pleasure to read your posts. Thanks, keep on updating with such relevant information.
Presently I am making my trades through Finexo, an online Forex broker and until now I hadn’t undergone through any issue in their service.
thanks for your useful info im still learning forex
Good post about this new broker. I have been looking in to brokers for day trading stocks, so speed of execution is very important. Thanks for the info. @girlguide, I trade forex with Oanda. They are excellent, honest and reliable.
great post and good information!
I would like to use first trade for my business approval, thanks for sharing the great information with us reagrding the brokers.
Trade online is an interesting thing and you can easy to get profit if you operate it well.Speed is really important and essential.
I have heard great things about firstrade, but have not had a chance to try them out for my self. Good to see someone else is taking a look at them. Thanks.
Matt
The online brokerage commissions are important to consider, but what’s also important is your trading personality/profile, because if you’re essentially a long-term investor, then the per-trade amounts don’t necessarily mean that much to you (as compared to a day trader). This means that you can probably go for a more expensive broker, but who also provides better service and tools if you’re a long-term investor.
thanks for the info I’m looking for a good broker but i want to inves carefully no pressure.
do you have any contact info for firsttrade? thank u!
I’m just doing great with Firstrade. The best thing with Firstrade is that there’s no hidden fees. Well, I’m just an individual investor
Muy buen artículo. Me encanta tu sitio, adios!
You made some good points there. I looked on the internet for the subject and found most persons will consent with your site.
I am having trouble finding a stock broker that will accept OTCBB Canadian and China stocks unless they are listed on the American exchanges. Also one that doesn’t require a minimum balance to start and doesn’t charge more than $7 per share commissions.
One not mentioned in the post is that it depends what kind of trading you want to do. If it’s investing, by holding a few stocks for a long period of time, then you probably don’t have very robust requirements. If you are day trading, then there’s some very specific things you need to consider. For example, does the broker offer desktop software that streams tick data and provides free live charts (not the 5 min delayed ones)? Do they offer a per share commission structure? This can be important because trading commissions can quickly eat into your profits with frequent trading. Also, some brokers make you have a minimum account balance to get the per share structure, or make you pay a $250/month fee.
It’s also important to know if they accept programmed orders where one cancels the other so you can profit or cut your losses automatically. Most brokers have limit and stop orders, but it’s not as common for true programmed trading.
One last point, if you are day trading, there is a general rule where you must have at least $25000 in your account to do so. If you are trading once in a while then you can easily trade with as little as $100