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Hello i know this is futures.io, but im sure some people here also invest in stocks as well. I currently trade a combine with TST, but my mother wanted me to open a small account 3000~$ for her for stocks. Does nyone have any recommendations for me to look into. We want decent commission and reliability. Are the popular brokers loke TD and scottrade any good? Thanks everyone
The solution to trade via IB with a small account is to open an account through one of their introducing brokers-
This means you would have full access to TWS and essentially be treated just like a typical IB client. However, there will be a small markup in commissions, BUT, it's still going to work out MUCH cheaper than any of the typical retail brokers.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
i just plan on swing trading small stocks like AMD and just start growing very slowly over the years. is TWS agood platform? thanks for the info i really appreciate it i didnt know IB had smaller companies as well haha.
-It's unlikely you will slowly grow an account from 3k speculating on stocks
-TWS is good for execution, it's no good for charting. Use Ninja Trader, TWS will connect into it.
-Captrader or other introducing brokers are not smaller companies of IB, they are like the middleman. Please do some research here.
"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"