Trading 101: How to Choose a Broker

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ClayTrader

ClayTrader

7 жыл бұрын

Trading 101: How to Choose a Broker
When you are a new trader to the markets, one of the most commonly asked questions is "how do I choose a broker?" This is completely understandable as there truly are numerous choices available when deciding who you want to trade with. There are some key questions you must ask yourself in order to help best determine what stock broker will fit your needs.
Guide to Choosing a Broker: claytrader.com/blog/best-onlin...
Free Guide - The 5 Tools I Use To Find Stocks To Trade: claytrader.com/lp/Free-Guide-...
Enjoy this Free Content? I'm confident you'd enjoy my premium training courses then: claytrader.com/training/
Hear real life trading journeys from "normal" people: The Stock Trading Reality Podcast - claytrader.com/podcast/

Пікірлер: 388
@SkwerlyChess
@SkwerlyChess 7 жыл бұрын
This is good stuff. I'm glad you remember your roots. So many in a ton of different aspects in life do not. For those of us looking to get into the game but who are still unsure about the whole thing, we thank you.
@claytrader
@claytrader 7 жыл бұрын
Thanks for the kind words.
@adrianbulfon8430
@adrianbulfon8430 6 жыл бұрын
The best part of this video was the part that wasnt edited out. Made my night!!
@claytrader
@claytrader 6 жыл бұрын
:-)
@aeliusdawn
@aeliusdawn 7 жыл бұрын
5:47 that was the perfect opportunity to say "you gotta pump those numbers up, those are rookie numbers." Great video, very clear as always!
@claytrader
@claytrader 7 жыл бұрын
Thanks, glad you enjoyed!
@Annazumi
@Annazumi 3 жыл бұрын
Love your vids. So fun to see behind the scenes...aka forgetting unedited
@claytrader
@claytrader 3 жыл бұрын
lol
@DYNAPRO1
@DYNAPRO1 7 жыл бұрын
Thank you for your videos, most of my questions have been answered.
@claytrader
@claytrader 7 жыл бұрын
Great to hear!
@kuldoxy5637
@kuldoxy5637 6 жыл бұрын
Thank you very much. It was like I asked a question, and u just gave me d answer to all my questions, thank u again.
@claytrader
@claytrader 6 жыл бұрын
You're welcome. Glad it could help.
@Jajy6
@Jajy6 4 жыл бұрын
New subscriber! Thanks for the laugh and authenticity 💹
@claytrader
@claytrader 4 жыл бұрын
Welcome to the channel!
@Ezel21love
@Ezel21love 6 жыл бұрын
You the best man, you videos are explained very simply.
@claytrader
@claytrader 6 жыл бұрын
Since you like these, when you're ready to learn about how to "actually" trade, make sure to go here claytrader.com/courses/
@domiflichi
@domiflichi 6 жыл бұрын
I love it when you walk off camera...it cracks me up every time
@claytrader
@claytrader 6 жыл бұрын
haha... :-)
@motomonster525
@motomonster525 7 жыл бұрын
great videos and its good to hear the truth in all of it.
@claytrader
@claytrader 7 жыл бұрын
Thanks.
@daniel0012345678
@daniel0012345678 6 жыл бұрын
At 4:35 I was expecting to see people laughing or being silly in the comments because you forgot. The fact that everyone down here was being supportive of you and asking for your knowledge shows how mature of a viewer base you have. I would also like to say that I've been watching your videos alongside others who have become very successful and by far you give me the most inspiration that I can reach my goals.
@claytrader
@claytrader 6 жыл бұрын
I appreciate the feedback. There are definitely some trolls that show up from time to time, but for the most part, you nailed it... without doubt it is a good solid mature audience.
@amonkissi3232
@amonkissi3232 Жыл бұрын
🤣🤣🤣🤣
@younmola5224
@younmola5224 6 жыл бұрын
Love this guy. Great work God bless
@claytrader
@claytrader 6 жыл бұрын
Thanks. Same to you.
@ksockhak
@ksockhak 7 жыл бұрын
more people needs to start small and learn the ins and outs of trading first before committing to anything, most people get ahead of themselves and not LEARN the rules, patterns or even the user interface of an online platform, they looking past that and that is why most fail...no foundations. Love your videos Clay keep it up!
@claytrader
@claytrader 7 жыл бұрын
Well said. Glad you enjoy!
@mandament1627
@mandament1627 7 жыл бұрын
Once I watch all of your videos Ill do my first trade, very useful information, thank you. Being 19 and starting now should brighten my future in investing.
@claytrader
@claytrader 7 жыл бұрын
That better include these videos too - claytrader.com/courses/
@michelgurung6252
@michelgurung6252 4 жыл бұрын
How are you doing with the trading now?
@investathon8617
@investathon8617 4 жыл бұрын
Mich y ^ yeah I’d be curious to find out as well
@7686kelly
@7686kelly 5 жыл бұрын
I LOVE TO LISTEN TO YOU ! Too Cool Clay ,.... Thanks for your Help. :)
@claytrader
@claytrader 5 жыл бұрын
You're welcome.
@Katharsis540
@Katharsis540 7 жыл бұрын
Great message on patience.
@claytrader
@claytrader 7 жыл бұрын
Thanks.
@andrews.4921
@andrews.4921 7 жыл бұрын
Was 4:07 - 4:28 suppose to be edited out?
@claytrader
@claytrader 7 жыл бұрын
Probably, but we thought it was funny, so we left it.
@JS-fm3xg
@JS-fm3xg 6 жыл бұрын
ClayTrader nailed it
@cristianpostasu4994
@cristianpostasu4994 6 жыл бұрын
Nice man. Good job. I need to learn more of this.
@JuicyJSkater28
@JuicyJSkater28 5 жыл бұрын
i think he's legit. just has some help with youtube related stuff? idk haha
@mikecook7760
@mikecook7760 5 жыл бұрын
@islanti you are so stupid you'll never make it as a trader. if you are younger than 12 forget everything i said
@jgilesh
@jgilesh 4 жыл бұрын
Great video
@claytrader
@claytrader 4 жыл бұрын
Thanks
@DorothyWiggins
@DorothyWiggins 7 жыл бұрын
U R good teacher
@claytrader
@claytrader 7 жыл бұрын
Thank you. Glad you find it helpful.
@georgekatsinis5224
@georgekatsinis5224 3 жыл бұрын
U CNT SPL.
@freemolimo
@freemolimo 6 жыл бұрын
Much appreciated
@claytrader
@claytrader 6 жыл бұрын
Cheers
@lonnie7917
@lonnie7917 3 жыл бұрын
thanks for helpful vodeo
@claytrader
@claytrader 3 жыл бұрын
Happy to help
@rizleymihular4194
@rizleymihular4194 7 жыл бұрын
very good clear lecture
@claytrader
@claytrader 7 жыл бұрын
Thank you.
@coydogdentist
@coydogdentist 4 жыл бұрын
"Clay! We're live! Just roll with it!!!" I love the real life.
@claytrader
@claytrader 4 жыл бұрын
Cheers
@DreDredel3
@DreDredel3 Жыл бұрын
I like the quirky humor, keeps the video interesting 😁👍
@Katharsis540
@Katharsis540 7 жыл бұрын
Gotta love the honesty of the filming on this, the human value of doing The Art of Living. Sorry but as a side note do check out Walter Russell.
@claytrader
@claytrader 7 жыл бұрын
I'll check that out, thanks.
@Bryan-jj1ss
@Bryan-jj1ss 7 жыл бұрын
awesome videos and recently subscribed to you! I noticed you said Huntington and Fifth Third... are you in the Buckeye State??
@claytrader
@claytrader 7 жыл бұрын
I grew up in Ohio, yes. I now live in Michigan though.
@alexanderbjerkvik
@alexanderbjerkvik 7 жыл бұрын
My first trade ever was my tough-love intro to commissions. I bought 1 single stock share for $8, and paid $10 in commission, for a total of $20 in commissions to exit :D Would have to see 250% return to break even. I am now using Interactive Brokers and DeGiro.
@claytrader
@claytrader 7 жыл бұрын
Thanks for sharing! Commissions can alter a trade plan largely as you've experienced.
@kellymceachern4538
@kellymceachern4538 5 жыл бұрын
To be honest with you, this was completely helpful. I am trying to get into stocks/trading but have no idea where to start & never even knew there was so many different things to trade! Your 2 videos have been super helpful. I can't thank you enough. looking forward to more
@claytrader
@claytrader 5 жыл бұрын
Glad it helped Kelly. This should provide some assistance also claytrader.com/getting-started/
@oudomchan3678
@oudomchan3678 5 жыл бұрын
So dam* My teacher gave me a assignment to search about Stock Market and now it’s related and so I have to get Experience by try to get my own Trade...!
@claytrader
@claytrader 5 жыл бұрын
I'm not sure I understand.
@johndeo6013
@johndeo6013 3 жыл бұрын
Thanks
@claytrader
@claytrader 3 жыл бұрын
Welcome
@riccogee
@riccogee 3 жыл бұрын
Lmao at number 3. But for some reason it was refreshing. Great info and right to the point.
@claytrader
@claytrader 3 жыл бұрын
Glad you liked it!
@bibekbarun4980
@bibekbarun4980 5 жыл бұрын
Awesome...
@claytrader
@claytrader 5 жыл бұрын
Thanks
@connoisseurification
@connoisseurification 5 жыл бұрын
Somalian Forex lol? Thanks bro. Funny on forgetting part 3 for a while..but we like your humour and your simplistic way on how to choose a broker.
@claytrader
@claytrader 5 жыл бұрын
Thanks. Glad you enjoyed.
@phoneaccount673
@phoneaccount673 7 жыл бұрын
I am watching all your videos right now and I don't know which order to watch it in so there are holes in what your saying can you please number the videos in order p.s I'm watching your trading 101 video
@claytrader
@claytrader 7 жыл бұрын
I'll see what I can do. Please just realize that these videos are just "tip-of-the-iceberg" videos though. The "good stuff" that actually teaches you how to trade is withing my training courses: claytrader.com/training/
@nobivy3524
@nobivy3524 5 жыл бұрын
I still come back to this video to see what Clay thinks about the activeness of a trader
@claytrader
@claytrader 5 жыл бұрын
Cheers
@majorstupidity1
@majorstupidity1 7 жыл бұрын
You should start flipping when you go tanning. Love the videos! Great help for a younger guy looking to get into stocks.
@claytrader
@claytrader 7 жыл бұрын
Glad it could help.
@wiseman4160
@wiseman4160 6 жыл бұрын
Most brokers in Canada charge too much commissions, but if your a day trader then you get good rate per trade eventually. But if your swing trader you might not trade enough to get those good rates per trade.
@claytrader
@claytrader 6 жыл бұрын
It does indeed depend on the strategy.
@Clownshow18
@Clownshow18 7 жыл бұрын
ur awsome clay
@claytrader
@claytrader 7 жыл бұрын
Thanks.
@luckyalishah1
@luckyalishah1 7 жыл бұрын
At 4:09 " I forgot " LOL Thanks for lessons
@claytrader
@claytrader 7 жыл бұрын
haha... the camera puts lots of pressure on ya! You're welcome. Glad you enjoy.
@Aristotel58
@Aristotel58 4 жыл бұрын
@@claytrader it is not live to have a pressure. would you believer doctor who said... i forgot what kind of drugs you need..
@claytrader
@claytrader 4 жыл бұрын
@@Aristotel58 huh?
@Aristotel58
@Aristotel58 4 жыл бұрын
@@claytrader Moment when you pretend to have a certain knowledge and you forgot elemental think.
@claytrader
@claytrader 4 жыл бұрын
@@Aristotel58 roger that
@Senad023
@Senad023 4 жыл бұрын
What's the difference between stock trading, currency trading and other ones ? Thanks for sharing your knowledge. I am just starting out so this is very helpful 👍
@claytrader
@claytrader 4 жыл бұрын
Just "what" is being traded. That's the difference.
@BrianVelez
@BrianVelez 6 жыл бұрын
So brokers could decide to charge either per share or per transaction? How can I find this out before I choose a broker?
@claytrader
@claytrader 6 жыл бұрын
Broker's have all this mapped out on their websites. Worst case, just call them up on the phone.
@BrianVelez
@BrianVelez 6 жыл бұрын
ClayTrader thank you! I appreciate you taking your time to reply Man! Very helpful
@claytrader
@claytrader 6 жыл бұрын
You're welcome.
@lashanaturner4650
@lashanaturner4650 6 жыл бұрын
Can do a video on the different trading options? You mentioned Options, Bonds, stocks etc...
@claytrader
@claytrader 6 жыл бұрын
This playlist should assist claytrader.com/blogs/trading-101/
@Annazumi
@Annazumi 3 жыл бұрын
I’m excited to get into buying stocks...but what are those other opportunities? Do you have a video explaining the other choices and why one would choose stocks over them?
@claytrader
@claytrader 3 жыл бұрын
Thanks for suggestion! Those videos already all exist here claytrader.com/takecontrol
@mohsinrazzaq1507
@mohsinrazzaq1507 6 жыл бұрын
Thanks for yur all reply. Can yu plz guide me which course will i buy first from my beginer level.ill buy it ond by one. Thsnks
@claytrader
@claytrader 6 жыл бұрын
Give this a watch claytrader.com/training/clays-suggestions/
@Locaaa0
@Locaaa0 5 жыл бұрын
Hi Clay, I watched your video talking about different scanners & charts analysis like esignal & TOS, so I want to ask you what do you think about Etoro as a broker? I’m not a US citizen so I cannot open an account on Fidelity and similar brokers. If you can make a short video about this topic it will be great as well. Thanks and Keep it up..
@claytrader
@claytrader 5 жыл бұрын
I don't have any experience with eToro, so I can't really comment.
@jeremymoreno9502
@jeremymoreno9502 5 жыл бұрын
Do you have a video explaining what forex, future, bonds etc... are ? Trying to find out what to get involved in
@claytrader
@claytrader 5 жыл бұрын
That's explained within this claytrader.com/takecontrol/
@sleepdreamspace
@sleepdreamspace 5 жыл бұрын
Dear Clay, thank you so much for all your amazing work, I really like the way you teach! Please I would like to know what Broker do you recommend me. I will invest in stocks, operating from Latin America (Chile to be more specific), not in an active way, and I will start with 150 USD dollars. I also want to know how can I withdraw the cash later, after I sell the stocks in the future. God bless you!
@claytrader
@claytrader 5 жыл бұрын
This playlist should help claytrader.com/video/trading-101/
@shw9268
@shw9268 4 жыл бұрын
what are the different ways you can trade? you mentioned options, futures, etc. I'm brand new and would like to know. and would you be able to share any resources on where to get the info for common Jargon used. I have learned a lot watching your videos and will continue. thank you again for everything you have provided.
@claytrader
@claytrader 4 жыл бұрын
I'd encourage you to sign up for my training here claytrader.com/1-hour-trader-transformation/
5 жыл бұрын
if i could like it this clip 1,000 times i could give it because am your students through your youtube channel and this clip you have mentioned my mother land/country which is somalia so thanks allot my teacher from today am with you hahahahah
@claytrader
@claytrader 5 жыл бұрын
Cheers
@palm121212
@palm121212 7 жыл бұрын
If I'm from Singapore do I have to sign up for a particular online broker in order to trade in let say US or UK stock market and do I have to pay any additional fees for trading in an overseas stock market? Any recommendation of online broker out there that are well known in order to trade in the international stock market?
@claytrader
@claytrader 7 жыл бұрын
I would start by looking into Interactive Brokers.
@MyDreamside
@MyDreamside 7 жыл бұрын
if i want to buy some stocks for longterm, to earn money from dividends and i want to do trading to other stocks, is it possible? are online brokers only for trading? what about people who want to do both investing and trading. You use leverage for trading to make money but if i want to buy a stock as an asset to keep it should i go to a local bank or there are better options.
@claytrader
@claytrader 7 жыл бұрын
Yes, that is very possible. You have lots of learning to do before you get to that point though as I explain here - claytrader.com/videos/brand-new-trader-need-online-broker/
@freedomhillbilly348
@freedomhillbilly348 2 жыл бұрын
Great video. Answered all the questions except the key ones: "What is a broker?", "Why do you need a broker", "Can I be my own broker?", "What do brokers charge?", "Where can I find a broker?" , "Are there more than one type of broker?" For a self described "Trading 101" channel, you are falling "short" my friend. Don't get this twisted, I appreciate the effort and the info you did provide, but maybe focus more closely on the topic you advertised. Some of us are rank beginners.
@claytrader
@claytrader 2 жыл бұрын
Here ya go: claytrader.com/videos/online-brokers-work-need-one/
@jenniferlara1143
@jenniferlara1143 4 жыл бұрын
In order to fulfill our trading, need we should always pick the reliable broker. But the broker selection is the biggest problem to the new traders especially in Forex market due to the increasing number of scam brokers. I choose the ECN trading brokers from among brokers due to get amazing and technical trading facilities including - the lower spread from 0.4 pips, fastest execution, error free transaction, negative balance protection etc.
@claytrader
@claytrader 4 жыл бұрын
Thanks for the thoughts.
@Treeny55
@Treeny55 5 жыл бұрын
Good info there. I trade Forex and Cryptos with Hugosway and have had no issues so far. Love the way I can just switch from Forex to Cryptos at the weekend without having to mess about switching brokers
@claytrader
@claytrader 5 жыл бұрын
Thanks for the thoughts.
@zee8105
@zee8105 7 жыл бұрын
Hi, I'm very new in this, and there is one thing that confuses me a little. what's the difference between brokers and brokerage?
@claytrader
@claytrader 7 жыл бұрын
They are the same thing.
@nekpenosuanwilson2007
@nekpenosuanwilson2007 7 жыл бұрын
I'm new to the market and I have played the patience game to explore direct access brokers but I am not sure where to go to research (in NYC). Could you please help with some advice?
@claytrader
@claytrader 7 жыл бұрын
Given you are self admittedly "new", I'd say watch this - claytrader.com/videos/brand-new-trader-need-online-broker/ I get the impression you are getting ahead of yourself.
@hassankamal7670
@hassankamal7670 5 жыл бұрын
You provide great content! Well done. Have a question on the number (1); Involved, 'stock, currency, options, future and etc..." - do you have another video explaining the difference between these points? thanks a lot
@claytrader
@claytrader 5 жыл бұрын
If I do, it'd be here claytrader.com/blogs/trading-101/
@zackhamaideh8826
@zackhamaideh8826 7 жыл бұрын
Hi clay, which broker do u personally use?? I watched ur live trading and I get it ..
@claytrader
@claytrader 7 жыл бұрын
The answer to that (and more) - claytrader.com/resources/
@mohsinrazzaq1507
@mohsinrazzaq1507 6 жыл бұрын
Hi clay im from uk.can yu plz guide me which online platform is available on which any international person can buy shares or stock of any company of world Thanks for yur best vid
@claytrader
@claytrader 6 жыл бұрын
I'd start by looking into Interactive Brokers
@ariel5263
@ariel5263 7 жыл бұрын
Why do a need a stock chart provider if I have a broker? I'm not near ready to chose a broker but when I do, why do I need a stock chart provider too? Do you not trade through online brokers? If they function together, how? Do you use them in the same instance? Thanks. Really enjoying your videos.
@claytrader
@claytrader 7 жыл бұрын
Stock charts are a tool to help you make decisions when trading. You may not like the charts given by your broker, so a 3rd party is always possible.
@Zacyfarms22
@Zacyfarms22 4 жыл бұрын
could I have 2 brokerage accounts. One for longer duration trades and one for quicker trades? Few things: I don't know if direct access causes a monthly fee that is higher to use and therefore while I'm learning if I should wait to have this type of broker. I don't know what type i'm going to become so is it possible to grab a broker and then leave that one once i'm ready and go to direct access??
@claytrader
@claytrader 4 жыл бұрын
Yup, you could do that.
@AHmedAHmed-ln7lw
@AHmedAHmed-ln7lw 7 жыл бұрын
what the best for beginner options trader ????
@claytrader
@claytrader 7 жыл бұрын
I'd say watch this - claytrader.com/blog/getting-started/ it sounds to me like you're getting way too far ahead of yourself.
@1000000000000ish
@1000000000000ish 4 жыл бұрын
Great information. I am someone interested in day trading stocks actively (one or twice a day) and have around 3-5k willing to play around with. I plan on getting into stocks. Can you recommend a course that you have that can help me both learn more and get me started into day trading? (of course its fine if i have to pay for the course)Thank you!
@claytrader
@claytrader 4 жыл бұрын
Hi, glad you enjoyed! I do offer a course - claytrader.com/takecontrol/
@pedroteixeira07
@pedroteixeira07 4 жыл бұрын
Can we migrate from one broker to another? Also, can we have more than one? Would there be any benefit of keeping more than one broker?
@claytrader
@claytrader 4 жыл бұрын
Yes, you can change anytime you'd like.
@pagogo84
@pagogo84 4 жыл бұрын
Best shit online in terms of beginners learning. Big Up!
@claytrader
@claytrader 4 жыл бұрын
Thanks for watching
@Dev-tk9oo
@Dev-tk9oo 3 жыл бұрын
I’m from the UK. Ive used a meta trader 4 demo account for a year, doing decent numbers. Which broker should I use if I want to day trade with £200 to start with? And then increase the amount of money I put in when I’m confident that I’m doing well?
@claytrader
@claytrader 3 жыл бұрын
Good plan!
@michelstuart8156
@michelstuart8156 5 жыл бұрын
From all the trading tips the right broker chooses the most important one, because the broker can play an important role in FX trading, as the broker can influence the outcome of our trading with certainly, since I now feel comfortable with AAFX which all the time makes secure security of funds at any deposit, lower trading spreads from 0 pips, active customer support services, simple withdrawal system and much more that are of great help to lead a comfortable trading life with certainly.
@claytrader
@claytrader 5 жыл бұрын
Yup. Important for sure.
@milky9854
@milky9854 4 жыл бұрын
Hi Clay, do all brokers have commissions or fees and if some are free, are they as good as ones with commissions and fees or even better? Do all brokers have minimums or is it just a set few?
@claytrader
@claytrader 4 жыл бұрын
Everyone is different. I recommend claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
@osvaldoruiz77
@osvaldoruiz77 4 жыл бұрын
As a newbie what brokerage would you recommend from Cali
@claytrader
@claytrader 4 жыл бұрын
Here ya go claytrader.com/videos/the-stock-trading-platform-for-traders-on-a-budget-best-app/
@kristjanerzen1349
@kristjanerzen1349 3 жыл бұрын
I'd like to know if you can have 1 broker for all of the options like stocks, currencies and others in a app.
@claytrader
@claytrader 3 жыл бұрын
Interactive Brokers I think may work
@aliabdirahman5409
@aliabdirahman5409 6 жыл бұрын
Great video.I don't know why your first thought was Somalia at 7:22 but that made me instantly press the Like and Subscribe button simultaneously
@claytrader
@claytrader 6 жыл бұрын
Thanks. Welcome to the channel!
@jenniferlara1143
@jenniferlara1143 4 жыл бұрын
When choosing a broker there are many important things that we the traders should check and among all the trading spread is very important to the traders. Lower spread is very supportive for making good money in a trader’s life. That’s why I choose the reliable and best ECN trading broker ForexOne who give the narrow spread from 0.4 pips, error free trade execution, wide range of deposit bonus and others.
@claytrader
@claytrader 4 жыл бұрын
Yup, lots of variables go into it.
@aniqafnan96
@aniqafnan96 6 жыл бұрын
hello..what is the best broker for option trading? what about london captal group vs saxo bank? with one better? ty
@claytrader
@claytrader 6 жыл бұрын
This should help claytrader.com/blog/best-online-stock-broker/
@mathieuxmartin1
@mathieuxmartin1 7 жыл бұрын
im in canada have made lots of research , but the thing is i am not day trading yet and the best broker that i found would suite any day-trader is lightspeed trading. but thing is i need a broker that can do day-trade and trade maybe 3 times a week, so i can see if its for me any specific broker suggestion?
@claytrader
@claytrader 7 жыл бұрын
I'd check out Interactive Brokers
@esemilagrochuy6109
@esemilagrochuy6109 7 жыл бұрын
hey clay i live in mexico do you think that Interactive broker will work for me?
@claytrader
@claytrader 7 жыл бұрын
I believe so. You'd need to contact them directly though just to make sure.
@xutastic458
@xutastic458 6 жыл бұрын
Is interactive broker good for long term investing ?
@claytrader
@claytrader 6 жыл бұрын
They're decent. This broker is better though claytrader.com/videos/m1-finance-too-good-to-be-true-no-theyre-awesome/
@stefanhansen1401
@stefanhansen1401 5 жыл бұрын
All these different stock brokers, where do they get all the number/information about prices for stocks?? banks? wall street? or somewhere els?
@claytrader
@claytrader 5 жыл бұрын
This playlist should help claytrader.com/video/trading-101/
@xXAnthony619Xx
@xXAnthony619Xx 7 жыл бұрын
Why wouldn't an investor or someone looking to make approximately three day to one week trades not desire a direct access broker? Is there a downside to having a direct access broker?
@briannagonzalez3131
@briannagonzalez3131 7 жыл бұрын
is it smart to have multiple broker accounts depending on what you want to invest in? For example, if I wanted long term investing stocks in larger companies such as Google and Amazon, and I also wanted to do day trading, should I have multiple broker accounts to make it worth the fees? In addition, some people say that multiple broker accounts limit risk. How is this so?
@claytrader
@claytrader 7 жыл бұрын
This should help - claytrader.com/blog/best-online-stock-broker/
@HuntingWolf82
@HuntingWolf82 5 жыл бұрын
The minimum to start that some charge, is that a cost to start up or is that still my money to trade with? Understandably a stupid question but there it is 8)
@claytrader
@claytrader 5 жыл бұрын
Still your money.
@andrenegrant9526
@andrenegrant9526 5 жыл бұрын
What's the difference between an active day trader, trading up to 6 trades a day and the 3 trades within 5 days trade rule?
@claytrader
@claytrader 5 жыл бұрын
They have a margin account and $25,000 in it.
@profoundsquid3851
@profoundsquid3851 6 жыл бұрын
Hey I know this video is old and I’m a freshman in high school but I have 1,000 saved up to buy and trade some stock. I would like to be active at least once a day after school .... what’s my best option
@claytrader
@claytrader 6 жыл бұрын
Given your age, the best thing you should be doing is this strategy claytrader.com/courses/grow-rich/ You'll be worth millions someday.... past history and math essentially guarantee it.
@chaewonpark2202
@chaewonpark2202 3 жыл бұрын
Can interactive broker be suitable for day trading? (buying 3~5 shares a day), does it also have any leverage that can help.me boost my earnings?
@claytrader
@claytrader 3 жыл бұрын
Yes, that's a solid broker.
@GooberGaming1
@GooberGaming1 4 жыл бұрын
So I really want to get into stocks but only can start with 100 dollars what do y’all suggest I can do to trade
@claytrader
@claytrader 4 жыл бұрын
Watch this claytrader.com/videos/how-to-get-started-day-trading-with-only-100-and-zero-pdt-rule/
@freckles0829
@freckles0829 4 жыл бұрын
Question im halfway done with your video and still gotta go thru the comments. I never dealt with stocks, no expert by any means lol. How much would you need to start out? But i think you just answered it. So you have to pay the broker and if your not working with enough money most dont wanna even talk to you basically? See i thought that you might pay a membership fee type thing for month to a year or i thought they basically work off what they make you and get a %. Maybe i didnt catch it but how much would you suggest money wise for a beginners? And do you recommend a specific site to look for one? I live in Pennsylvania if that has anything to do with it to lol. Should i try find a stock broker in my area or like New York city or California? Thanks for your time!!!
@claytrader
@claytrader 4 жыл бұрын
This should help claytrader.com/getting-started/
@briancraighead8194
@briancraighead8194 4 жыл бұрын
All you need is a good broker in the US. A professional trader to help you manage your account. This dude was recommended to me by a friend and ever since I met him, have been making huge profits. You can reach out to Mr Gray Luc on instagram @Grayfrx or send him text via WhatsApp +1 567-206-7802
@adrianbulfon8430
@adrianbulfon8430 6 жыл бұрын
Dumb question from a newbie, but if I buy stock through one broker, does that stock stay with the broker (i.e. I can only sell through them) or does it follow me to a different broker?
@claytrader
@claytrader 6 жыл бұрын
Great question. You can transfer it to another broker.
@adrianbulfon8430
@adrianbulfon8430 6 жыл бұрын
Thanks, I appreciate your help! Videos are fantastic btw, definitely subscribing!
@claytrader
@claytrader 6 жыл бұрын
You're welcome :-)
@redmanrm1
@redmanrm1 4 жыл бұрын
Looking to day trade at 3 trades a day. Started with $4,000 and I’m at $24,200 right now. 3 trades per 5 days has been a nightmare but almost there. I’m with Ameritrade. Who do you recommend for Direct access? Going to start researching now. Thank you
@claytrader
@claytrader 4 жыл бұрын
This is all the stuff explained in my courses (which I know you asked about in another comment).
@pappushyam
@pappushyam 5 жыл бұрын
Hi clay, tastyworks doesn't work in Canada. Which one do you recommend for starters in Canada?
@claytrader
@claytrader 5 жыл бұрын
If you are new, consider this claytrader.com/videos/brand-new-trader-need-online-broker/
@Muzammil.S
@Muzammil.S 5 жыл бұрын
For Canadian residents, you have the following options: Interactive Brokers HSBC Canada InvestDirect TD Direct QuesTrade
@yeesunher6278
@yeesunher6278 6 жыл бұрын
Does it matter if I use a UK online stock broker while I'm outside of UK? Since it is online already.
@claytrader
@claytrader 6 жыл бұрын
Depends on what you're looking to do.
@briagasfam.bacacay758
@briagasfam.bacacay758 5 жыл бұрын
stupid question i guess!! how many trade a day?you said you can trade 5x a day!i thought theres only one trade a day till it close.like start at 7 am and ends in 7pm. thats the time ull know if you gain or not!tnx
@claytrader
@claytrader 5 жыл бұрын
You can trade as much (or little) as you want.
@zackhamaideh8826
@zackhamaideh8826 7 жыл бұрын
Do u have any classes in LA?
@claytrader
@claytrader 7 жыл бұрын
All my classes/courses on "online", it keeps the costs down for me and therefore keeps them down for you. "In person" classes are super expensive and it's the same information that can be taught in an online course - claytrader.com/courses/
@howardalien2720
@howardalien2720 4 жыл бұрын
Can you have a day trading and swing trading accounts?
@claytrader
@claytrader 4 жыл бұрын
Absolutely.
@34mjf
@34mjf 7 жыл бұрын
Would $4.95 per trade through options house be good for an active day trader? (4+ trades a day). Right now, I am using and app to trade (not daily) and the $0 trade and $0 commission is a blessing.
@claytrader
@claytrader 7 жыл бұрын
I think that's pretty high. Here is my fee structure explained: claytrader.com/blog/how-to-trade-stocks-and-not-pay-commission/
@decadia
@decadia 5 жыл бұрын
What are options, futures and the other types ?
@claytrader
@claytrader 5 жыл бұрын
I'm not quite sure what you're asking.
@yasmeenahmed7989
@yasmeenahmed7989 6 жыл бұрын
How to know if there is a broker for my country? And if these brokers provide high fees and commissions, can I have other brokers from another country??
@claytrader
@claytrader 6 жыл бұрын
Use Google. That'd be the best place to start.
@ronaldjones3185
@ronaldjones3185 5 жыл бұрын
Great video as usual. BTW, I thought you had to have $25,000 in your account before you could even think of becoming a day trader. Am I wrong?
@ronaldjones3185
@ronaldjones3185 5 жыл бұрын
Not that I am wanting too...I am a newbie. Just curious.
@claytrader
@claytrader 5 жыл бұрын
Yes, you are wrong. You would fall under the "day trader" rule, but you could still execute day trades.
@zonezone80
@zonezone80 6 жыл бұрын
hey clay is there any site for canadian?
@claytrader
@claytrader 6 жыл бұрын
Yeah, I'm sure Canada has an online broker.
@radek7423
@radek7423 5 жыл бұрын
You mention making more than 3 trades per day/week. I'm new isn't there a rule for day traders only 3 trades per week? Otherwise you get pounded with PDTR? Let me know please. Thanks..
@claytrader
@claytrader 5 жыл бұрын
Not 3 trades "per week". It's 3 traders "per day". More on that here claytrader.com/videos/what-is-a-day-trade/
@veryfinepeopleonbothsidesb62
@veryfinepeopleonbothsidesb62 5 жыл бұрын
How do I decide what to trade? (Mutual funds, options, stocks). I'm just starting out and want to put a $1000 in something safe? What do I trade; stocks I guess? Forgive my naivity!
@claytrader
@claytrader 5 жыл бұрын
This should help claytrader.com/blog/getting-started/
@trollgod4911
@trollgod4911 7 жыл бұрын
How do I get started from the beginning I'm 20 with 50 bucks 😣
@claytrader
@claytrader 7 жыл бұрын
Go make some trades that guarantee a profit, like these - claytrader.com/videos/trade-profits-100-time/
@dang5297
@dang5297 7 жыл бұрын
Whats the minimum of a put down if you are wanting to purchase penny stocks?
@claytrader
@claytrader 7 жыл бұрын
I'd encourage you to consider "penny stocks on steroids" - claytrader.com/videos/trade-penny-stocks-steroids/ I'm not sure what you mean by "put down".
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