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Trading Stocks Made Easy with Tyrone Jackson

Trading Stocks Made Easy is a weekly Podcast hosted by stock market trader, teacher and mentor Tyrone Jackson. Best known for his Huffington Post blogs and his Wealthy Investor Program, Mr. Jackson will help demystify stock trading and investing so that you can make money and profit. Each week Tyrone reviews individual stocks as case studies as well as interviews experts and some of his most successful students who are learning to master the process of wealth building via investing. For followers of The Rich Dad Poor Dad, CNBC and Suzie Orman, Tyrone Jackson is the next step in the process of making money and becoming financially free.
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Now displaying: Category: Online Brokerage Account
Jun 13, 2015

In order to make money in the stock market, you must first open a brokerage account. Tyrone Jackson, The Wealthy Investor, explains the different types of accounts and how to get started. 

There are 3 different types of online trading accounts:

 

1) Full Service

Most of the people who open a full service account are not doing a lot of online trading. They want the advice of a professional. These types of brokerage houses take much larger commissions. 

Example: Edward Jones

 

2) Discount 

With a discount brokerage account you have the choice of having someone guide you through the stock market process or you can just trade online for one flat rate. That rate is usually from around $9.95 to buy or sell a stock to $29 for a broker assisted trade. There is still a commission, but that commission is tax deductible.   

Examples: TD AmeritradeFidelity, and Charles Schwab

 

3) Deep Discount 

Some people like paying as little as possible to open their account. A deep discount brokerage account has lower commissions but it is only open during the stock market hours. You also lose hours and availability of customer support.   

Example: E*Trade

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