Trading with cheapest fees

r2b2lynn · #1 (**permalink**) 05-03-2008, 06:31 AM

Hi. I don't know how to trade stocks, bonds, etc., but I want to get started. My question is, what's the cheapest market/vehicle to trade with (that has the cheapest fees)?
Would it be stocks? bonds? futures? gold/silver? CFDs? Forex? Options? ...or anything else?
Please help. Thanks.

Broken Arrow · #2 (**permalink**) 05-05-2008, 08:17 AM

Zecco, Bank of America, and Wells Fargo all have programs where they offer limited free trades per year. I believe that's only for stocks and ETFs, but I could be wrong.

As always, please be careful when "investing" this way, especially if it's day trading.

r2b2lynn · #3 (**permalink**) 05-05-2008, 01:33 PM

Yeah you're right.
As a newbie and with low capital, I think I would best be suited with Zecco or Sharebuilder.
But then again, I'll read up on Wells Fargo and Bank of America.

I know a little bit about the complex world of stocks...thanks to Ticker Tycoon...LOL
And I know about forex.

I have to read up on ETFs, CFDs, bonds, mutual funds, Futures, Options, etc.

Anyways...
HERE'S THE REAL QUESTION I SHOULD'VE ORIGINALLY ASKED:
What's the cheapest way to do day trading?

rupeeman · #4 (**permalink**) 05-08-2008, 10:55 PM

Quote:

Zecco, Bank of America, and Wells Fargo all have programs where they offer limited free trades per year. I believe that's only for stocks and ETFs, but I could be wrong.

but does they offer some kind of insurance..

Broken Arrow · #5 (**permalink**) 05-09-2008, 05:10 AM

Quote:

Originally Posted by rupeeman

but does they offer some kind of insurance..

I'm not exactly sure what you are asking for, but all of them should be registered with FINRA and SIPC protected. However, I strongly advise to read the "fine print" to know what the protection entails.

Otherwise, traditional investments are not government-protected like the way bank savings are through FDIC.