Which brokerage do you use?

[burglar]

Re: Which brokerage website to use

How often do you plan on buying/selling? How long to you plan on holding?

Actually...what is your PLAN?

CanOz

Yes, very important to know. So many different brokers out there!

 

[Chrizzz]

I'm thinking of short term trading 3-4 times a month. And my starting budget will be $5000, see how I go....

 

[burglar]

I'm thinking of short term trading 3-4 times a month. And my starting budget will be $5000, see how I go....

You need to decide a few things first.
Are you going to be an investor or trader or even gambler?

Are you prepared to lose the $5k?

As a Value Investor you would be seeking a good company which is undervalued.
You would buy and hold as long as the fundamental reasons remain.
Most likely you will collect dividends, ...
Perhaps the share price might rise till the company becomes overvalued.
That would be a reason to sell.
Otherwise you will hold indefinitely, collecting dividends, and not paying Capital Gains Tax (CGT)!
This is how you get rich slowly!

As a trader you will be seeking a company which will rise in price.
You will probably not hold long enough to collect dividends.
In fact most of these companies probably don't pay dividends.
You will pay CGT on net profits.