DIY Trading

Nayte said:

Hi all,

I'm new to trading, and am looking to buy some stocks in a particular company to start off with. I might just do the one trade and no more for awhile, and if I do trade more, it would probably be infrequently.

I'm wondering whether I should use Online Trading (Commsec/ETrade) to purchase said stocks, or can I go to an actual broker and ask them to purchase the stocks for me? Would one way be cheaper than the other?

Apologies if this has been asked before..

Thanks,
Nate.

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Garpal Gumnut said:

Online is cheaper, there are cheaper than Comsec and ETrade, but they are the ones I use.

Read their "how to's" carefully first, before placing a trade , particularly in relation to the price at which you are actually buying or selling.

gg

gg

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Nayte said:

Cool, thanks for the info.. I've spent the last few days reading up on the various different brokers out there, but as yet I havent really read anything that has swayed me either way - particularly between comsec/etrade.

Can anyone advise whether or not you are charged for using these services even if you dont make/rarely make trades?

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Nayte said:

Thanks everyone for you replies, some great advice..

I'm currently reading through the "Newbie Lessons" thread that Julia kindly posted and there's some great information in there, it's good to know I'm not the only one with "silly" questions

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ROE said:

‘There are no foolish questions, and no man has become a fool until he stops asking questions.’

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