TDAmeritrade Review

TDAmeritrade® is one of the best known discount online brokers. They have been 30 years in the business.

They now charge a flat $9.99 for all market and limit orders, regardless of account balance or how many shares you buy. There are also NO Inactivity Fees.

Generally, $1,000 equity is required to open an IRA, and $2,000 equity is required to open any non-IRA. Your minimum initial deposit is based on the account type you have selected and may be modified by special promotional offers. Regardless of any promotional offer, a $2,000 minimum deposit is required to be considered for margin and options privileges.

At the moment they are having special promo. Simply open your account before September 30, 2009 to get Free trade commision for 30 days and $100.

Penny stocks basic

Penny stock are stocks which trades for less than $5. Some saying that penny stocks are traded below $1. Penny stock is high risk, but can also reward high return. Penny stock can give you huge returns. To successfully play with penny stock, you have to know the right strategy.
You should not use plenty of money, because it is too risky, and besides with penny stocks you can get huge returns.

If you want to play with penny stock, then you have to understand about technical analysis. Understanding chart will be very essential for you to make decision. You should also use indicator and oscillators, like Moving Average, MACD, and RSI. Moving average shows average price of a security, which shows trend. MACD can shows downward or upward momentum. While RSI shows whether a security is overbought or oversold. When it is overbought, the commodity usually go down, and when it is oversold, the commodity will go up.

LowTrades Review

LowTrades is a discount broker with very low commissions of $4.95 per trade. They also have $4.95 for Limit Orders, Stop Orders, Trailing Stops, and Stop Limit Orders.

An Inactivity Fee of $50 is charged semi-annually, for the two trading periods between January-June and July-December of each calendar year. To avoid inactivity fees, you must execute trade during each trading period.

There is no minimum account balance to sign up.

Lowtrades’ contact info - phone: 1-800-597-8767

Stock strategy - plan your trade

When entering into the stock market you need to have a plan for your trade. Fail to plan means you are planning to fail. After you have a plan you must be disciplined with your plan.

Think about all the conditions that could happen in the future. But don't focus on the condition. Instead think what you should do when it happens.

For example, if you buy a stock at $5, you must set at which level you want to cut loss and take profit. If the stocks went down, would you add position or not. Will I close my position if the stock didn't reach any level that you want.

Planning a trade is similar to planning for a travel. You must plan for every events, especially the unpredictable. What will you do when the market crash or the company announces earning surprice. You must plan for the unseen.

Once you have a plan, you have to stick with your plan. Ignore any one that says something about the stock. Just follow your plan no matter what. That's why you need a solid plan. You must ignore if some guru saying to sell your stock that you have enter.

To be a succesful investor, you must never trade with emotion. The only way to eliminate emotion is to have iron disipline on your plan.