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What are the advantages/disadvantages, if any, of making trades on-line through e-trade or amrei-trade, etc. Secondly, which on-line trading company is the best one to go with.
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What are the advantages/disadvantages, if any, of making trades on-line through e-trade or amrei-trade, etc. Secondly, which on-line trading company is the best one to go with.

The biggest advantage is money. You will pay $7 to $24 per trade through discount brokers as opposed to $100 or more. (My brother-in-law recently made a trade through a full-service broker that cost him $500.) The disadvantage is you have to do your own research and take responsibility for your own decisions.

For discussion of specific brokers, visit the Discount Brokers message board. For rankings/evaluations, visit http://www.gomez.com.
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The disadvantage is you have to do your own research and take responsibility for your own decisions.

I used to use a full-service broker until I realized that the only one REALLY interested in my success was ME!

You have to take responsibility for your decisions with a full-service broker just as much as with a discounter. An FSB won't refund your money if their sure-thing-of-the-week bombs.

Study up, do the nessesary research, make your own decisions and save a ton on money on commissions.

Bob
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I used to use a full-service broker until I realized that the only one REALLY interested in my success was ME!

You have to take responsibility for your decisions with a full-service broker just as much as with a discounter. An FSB won't refund your money if their sure-thing-of-the-week bombs.


Excellent point.
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In addition to Phoolish1's excellent response, a disadvantage I discovered the hard way: on-line trading has unbelievably fast execution. If you commit to a trade and immediately see that you've made an error--- you are already 3 seconds too late to change it.

Ain't technology wonderful?!?

Foolish(and now extra careful)herd
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