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There’s absolutely nothing wrong with starting to trade with a small account — a lot of traders do that. But if you trade with a small account, choosing the right broker can make a HUGE difference. Tim Bohen explains what you need to consider before you choose your broker...
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Trading with a small account? One of the key things you can watch for is your trade commissions and fees. Look ... anyone with a big account who trades all the time ... they typically pay way less per trade than you.
Brokers know that they can capitalize on the little guy. Yeah, it sucks. But that’s the way it is.
So really scrutinize every fee before you sign up with a broker. Focus on the per-trade commission, the per-share commission, and look for other fees. Some brokerages charge monthly fees for data, charting, or just for having an open account — even if you don’t trade!
So be diligent and fully vet a broker’s rate schedule ... Those fees can really add up.
You also need to be aware that most brokers have a minimum just to open an account. You may do your research and find a great broker. Only when you start to set up the account, you find you have to deposit a significant amount of money just to get started.
You don’t want to put in all that effort just to be disappointed and having to start over again.
You also want to pay attention to the tools your prospective broker offers. Some may offer software, others may just give you a webpage where you enter orders. So if you want alerts, screeners, algorithms, and more — make sure the broker you choose offers the tools you need.
Bottom line: Your broker is one of your most vital trading resources. So choose wisely! Make sure you thoroughly research before choosing. Stay away from unnecessary fees, find a reasonable minimum, and make sure they offer the tools that best fit your needs.

#StocksToTrade #StockMarket #Broker
*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.

By Stock Chat

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30 thoughts on “How to choose a broker if you have a small trading account”
  1. Avataaar/Circle Created with python_avatars Robert amity says:

    Hi can you short the stocks on tradier brokerage

  2. Avataaar/Circle Created with python_avatars Devin Dennis Lavallee says:

    Great Video, I saw so many videos like this when I was a beginner, and still got confused. I was then introduced to an excellent stock broker, who helped me trade and made big profits @ Mr Mike Henry, After a while I decided to try the stock market myself, I was able to make $687,000 within 6 Months with a capital of $246,000. You can make more in just few months, all you need to do is invest, and I can tell you how.

  3. Avataaar/Circle Created with python_avatars Michael Batty says:

    Any one know a broker for UK residents that integrates with the STT platform?

  4. Avataaar/Circle Created with python_avatars Andy Cody says:

    WeBull is my broker, only one I have used. Down side is no OTC. I get great execution. I mostly trade very small, 5,10…50,100 shares. They have low cost access to level 2. Great top gainers and most volume screens. 4am-8pm trading. Great charts. I’m long biased and get $0.02 free at the exit. I’m comfortable with it for now as I learn. I’m sure SST news availability is probably much better but, for listed stocks in play with a small account, it’s been a solid place to learn 👍🏻 check it out Tim, I’m not saying change up your account lol. Give it a test run and give us a review (opinion) Thanks for you guy’s hard work to give us newbies the best info y’all are GREAT 👍🏻👍🏻

  5. Avataaar/Circle Created with python_avatars brain gawron says:

    Trading as a beginner was very difficult due to lack on trading experience, this resulted in losing my funds though I've been able to recover all that I lost, all thanks to Mr @Carlos_1uptrades on Instagram, i never knew good Traders still exist untill I come in touch with him

  6. Avataaar/Circle Created with python_avatars Doomy says:

    I have problem i found few brokerages but whoever i check, they got a lot of negative comments (trading212, IC Markets, Saxobank, Fortrade, DeGiro…) . I understand what i need, but im mostly conserned about safety of my money. Dont want to lose my savings to some shady broker. Any suggestions?

  7. Avataaar/Circle Created with python_avatars Ameenah Shakoor says:

    Hi, Tim. I am starting with $1, 500. E trade was what I was thinking of for now. I didn't like the fees, but I wanted a platform that would allow for me to trade high volume/enter and exit when needed. What are your thoughts on E trade? Thank You.

  8. Avataaar/Circle Created with python_avatars Kane O’Driscoll says:

    Unfortunately Tradier do not open accounts for non US residents.

  9. Avataaar/Circle Created with python_avatars kbaggetto says:

    It’s Tradier a direct access broker ? Is it great for execution trading speed trading ?

  10. Avataaar/Circle Created with python_avatars Eric says:

    I have been trying to get an answer to this… when you say unlimited trades for $14.99… do you mean unlimited commission free OR unlimited trades all day long you don’t need $25k under PDT.

  11. Avataaar/Circle Created with python_avatars Tom Luning says:

    Td Ameritrade roth thanks for your information Tluning

  12. Avataaar/Circle Created with python_avatars morgan tanner says:

    Do you follow the PDT rule?

  13. Avataaar/Circle Created with python_avatars Junior Moreno says:

    does anyone know the commission or is that included in the $14.99

  14. Avataaar/Circle Created with python_avatars Jean-Francois Renault says:

    Is Questrade integrated with STT?

  15. Avataaar/Circle Created with python_avatars Herman Austin says:

    how do i add tradier to stt

  16. Avataaar/Circle Created with python_avatars Chi P says:

    Hey man! I like your videos about trading…

    Just want to ask what's your recommended broker for a person like me who would want to trade in US stock but leaves here New Zealand.

  17. Avataaar/Circle Created with python_avatars Ryan p says:

    What good is small fee if they take 2 min to place your trade?

  18. Avataaar/Circle Created with python_avatars Ryan p says:

    Hows the executions with that tradier?

  19. Avataaar/Circle Created with python_avatars Ryan p says:

    Does stocks to trade have the backtesting software similar to trade ideas?

  20. Avataaar/Circle Created with python_avatars Rafa K says:

    Hi Tim, can you maybe make a video where you explain what's the ideal pricing for a broker ? I guess that would be helpful too…. Thanks for the great content man, truly appreciate it.

  21. Avataaar/Circle Created with python_avatars Артем Заянчковский says:

    Thanks

  22. Avataaar/Circle Created with python_avatars Normunds Krastins says:

    if I open that $500 Tradier account through you guys. Is that still an non-margin account? I'm not really concerned about short-selling, but more about settlement period does it still will have a 2-day settlement for funds to clear? Thanks

  23. Avataaar/Circle Created with python_avatars subpak California says:

    Where is the customer service phone number

  24. Avataaar/Circle Created with python_avatars Nick Slates says:

    Thanks Tim

  25. Avataaar/Circle Created with python_avatars Probing One says:

    How are the executions with this free broker, and $14 is free

  26. Avataaar/Circle Created with python_avatars Andy Salo says:

    Dear tim, I don't know if you have tried short wave radio, last i knew it was not controlled by fcc, it comes in the middle of the night due to time change in different countrys.

  27. Avataaar/Circle Created with python_avatars Calvin Helms says:

    Because of I’m trading to learn I only use 100$ to trade . I started with E*TRADE. I now use Webull and the sad fact is it’s much better for me .but I would love to be with a direct broker

  28. Avataaar/Circle Created with python_avatars William Sheppe says:

    Thank you for the suggestions and heads up. STT is a sweet platform. Very Simple layout! I think a lot of beginners (benefit of doubt in mind) such as myself are not trying to cut corners. I think we are just trying to find to best price that meets our budget to be profitable. Once we start accruing more cash flow, most of us will have no problem paying more for a pricier platform. At least I know I won't think twice about it.

  29. Avataaar/Circle Created with python_avatars Adrian Carrazco says:

    TradeStation

  30. Avataaar/Circle Created with python_avatars StocksToTrade says:

    Have you found a great low price stock broker? Drop the name below, we're always looking to share with the community!

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