Investors can appreciate a reasonably priced, simple-to-use interface for their investment activities, as well as access to educational articles that allow them to be successful in the markets. As an investor, you could certainly benefit from the advice and support of other investors. Many brokers have come to realize the importance of creating a support system and have instituted “communities” within their platforms. These communities give investors the chance to connect and interact with each other through the use of forums, discussions, social media applications and more. Here is a helpful list of brokers that offer such services.
Stock Trades | Options Base | Options Contract | Minimum Deposit | Broker Assisted | Fund Trades |
$4.50 | $4.50 | $0.50 | $0.00 | $19.99 | $10.00 |
Stock Trades | Options Base | Options Contract | Minimum Deposit | Broker Assisted | Fund Trades |
$4.95 | $4.95 | $0.65 | $0.00 | $4.95 | $14.95 (no load) |
Stock Trades | Options Base | Options Contract | Minimum Deposit | Broker Assisted | Fund Trades |
$3.95 | $8.50 | $0.15 | $0.00 | $3.95 | $9.95 |
Stock Trades | Options Base | Options Contract | Minimum Deposit | Broker Assisted | Fund Trades |
$7.50 | $0.00 | $0.50 | $2,000.00 | $7.50 | $0.00 - $15.00 |
Stock Trades | Options Base |
$6.99 - $9.99 | $1.00 |
Forums and other community features are a great way to supplement your learning efforts. In the case of investment communities, such features offer investors the unique opportunity to get new perspectives on a wide variety of trading issues that cover technical strategies, market conditions, and specific investment products.
Forums provide novice traders valuable information and resources, and teach them how to avoid beginner mistakes. These areas provide a place for a novice investor to post a question and to get many different answers based on the personal experiences of each responding investor. This has an advantage over getting the perspective of only one individual (such as an online advisor), since you'll see a bigger and better picture with more input and feedback.
Advanced investors can also benefit from using forums. Many unique, successful and effective trading strategies have been developed by combining and organizing the thoughts and advice of many different investors.
These community areas also provide a place where people with similar interests can gather and hold discussions about anything that's relevant and topical. Discussions in investment forums can cover the impact of the economy, market news and even company scandals. Forums also provide a place for like-minded individuals to dish out about other topics outside of the investing world.
Investor members of online trading communities contribute to the forums as well as to other member-driven activities via mentorship, blogs, and even social media interaction. In many cases, communities are divided into groups that share similar interests in more specific arenas (such as equities traders, options traders, etc). These smaller groups allow investors to get advice about topics they are most interested in.
Discussions are another integral part of communities. Discussion boards are topic based instead of group based and allow members of different groups to weigh in on topics that may be outside of their regular area of interest or expertise. The reason that these are so valuable is that every investor has something to offer.
In many cases, social media applications are integrated into an investment community. These applications give community members the opportunity to interact with other investing pals via automatic feeds regarding their community involvement. In some cases, Twitter and Facebook posts can be automatically created while in other cases, community members initiate the process.
Last but not least, many investing communities include the opportunity for recognized professionals in the industry to contribute to a blog. This gives other community members the opportunity to pick up valuable information from noted experts. Blog posts are usually dedicated to tackling a particular aspect of trading or investing, and may not only offer an expert's point of view, but may also lend itself to discussion threads, as comments from other members are generally allowed.
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Choosing the right broker is an essential decision you need to make right before you start trading. So it’s important to pick a broker that supplies you with all the features and education you need. As it goes, when you’ve done your homework, everything else tends to fall into place.