An independent trading platform is used for visualising market data and managing your trading, but it needs to connect to one or more brokers to actually place a trade on the market. These professional day trading platforms typically offer a more advanced interface than that of the average brokerage, and help you to find and place trades with one or more brokers of your choosing. Using an independent trading platform you don’t have to relearn a whole new software just because you change to a different broker.

In late 2014, legendary self-help and business guru Tony Robbins published a book called Money: Master The Game. In it he explains the strategies and ideas used by the very best investors in the world - hedge fund managers, asset allocators and billionaires - that he gleaned from them during four years of interviews and how their lessons should be applied by the rest of us.
Depending on your goals, investing in individual stocks may be more trouble than it’s worth. Choosing index funds in a specific sector can provide your portfolio with the tilt you want, but with fewer dramatic swings. There are three criteria that can be leveraged to help guide fund choice. The most discussed is “expense ratio,” where lower means fewer fees to you. The second is the number of stocks in the fund. The higher the number, the more diverse the fund. Just as important is “total assets” under management. The more assets, the more other people also agree this is a great fund. When comparing two mutual funds, I’ll line up these three criteria for funds in the same category to make an informed decision.
One of the most common mistakes in stock market investing is trying to time the market. Time the market, or “market timing,” means trying to figure out the best time to get in the market, or invest. It also means the best time to get out of the market, or sell. It’s not easy to be right on both ends. It can be unsettling to experience market volatility, so that’s why it’s important to understand the difference between savings (which are more stable) and investments (which can be more volatile). It’s the time in the market that is more important, not necessarily timing the market.
Every online brokerage firm on the list above has its strengths and weaknesses. It might be ideal for one customer and at the same time might not work for someone else. Before opening an account, there are a lot of parameters to consider besides commissions, well-known brokerage name, and pretty website. Some of the most important of these parameters are surcharges and fees; friendliness to client's knowledge level (perhaps one is a beginner? or needs a professional-level trading platform?); availability of investment products a client wants to buy (for example forex, futures, or NTF mutual funds) as well as availability of online community, virtual trading, and discounts. We suggest to investors to take a time to read brokerage reviews, and see for themselves if a particular firm is the right fit.
The biggest obstacle to stock market profits is an inability to control one’s emotions and make logical decisions. In the short-term, the prices of companies reflect the combined emotions of the entire investment community. When a majority of investors are worried about a company, its stock price is likely to decline; when a majority feel positive about the company’s future, its stock price tends to rise.
When thinking about the mindset of investors, The Great Crash 1929 by J.K.Galbraith (reviewed here) should also be required reading. Typically, any sustained fall in prices - known as a bear market - is very destructive to wealth. However, as Galbraith explains wonderfully, each bear market is unique and is a reflection of the bull market that came before it. The book explains a great deal about the feedback loops that can exist when prices rise and fall as more people are either sucked into or forced out of holdings. It is the reference work about a very important slice of Wall Street history.

The IBRK Lite plan enables affordable investing with no commissions and no account minimums on its stocks and ETFs. Its Pro plan is for the regular investor, with specific fees based on your investment activity. Research and education are impressive, with its Traders’ Academy offering free courses and several applications designed to help you make better investments. 


Full-service brokerages: This label is given to traditional brokerage firms, primarily those that operate out of brick-and-mortar offices. Their main selling point is service, meaning that they offer more than just the ability to place a trade. A full-service brokerage firm might offer retirement planning help, tax tips, and guidance on which investments to buy or sell. Full-service brokers offer more hand-holding, and will probably even mail you a "happy holidays" card in December, but this service comes with a luxury price tag.
6. Find a good investment service to subscribe to. Many of the suggestions above can now be covered by joining just one stock market service. These services now aim to pick stocks, offer trading and portfolio management software and educational services too. If things go well, then by investing in the stock market picks, the service can be paid for with profits.
The IBRK Lite plan enables affordable investing with no commissions and no account minimums on its stocks and ETFs. Its Pro plan is for the regular investor, with specific fees based on your investment activity. Research and education are impressive, with its Traders’ Academy offering free courses and several applications designed to help you make better investments. 
Every online brokerage firm on the list above has its strengths and weaknesses. It might be ideal for one customer and at the same time might not work for someone else. Before opening an account, there are a lot of parameters to consider besides commissions, well-known brokerage name, and pretty website. Some of the most important of these parameters are surcharges and fees; friendliness to client's knowledge level (perhaps one is a beginner? or needs a professional-level trading platform?); availability of investment products a client wants to buy (for example forex, futures, or NTF mutual funds) as well as availability of online community, virtual trading, and discounts. We suggest to investors to take a time to read brokerage reviews, and see for themselves if a particular firm is the right fit.

Over the long run, value stocks outperform growth, so look for stocks trading at relatively cheap valuations based on price-to-earnings ratio (P/E), price-to-sales ratio (P/S), and price-to-free-cash-flow ratio (P/FCF). It is vital not to chase opportunities, but rather wait for them because patience always pays. Solid fundamentals and a large moat (barrier to entry) are also vital for long-term sustained success. Also, use technical analysis and charting to better help pinpoint both the entry and exit points for the stock under consideration—both for a target profit area and a stop loss.
A full-service broker might charge you as much as $300 in fees to invest $10,000 in a mutual fund or up to $100 to invest that same amount in a stock. On the other hand, a discount broker typically charges no commissions for online trades and has a list of no-commission mutual funds. That means the cost difference alone is reason enough for new investors to use a discount brokerage firm.
A trading platform is software used for trading: opening, closing, and managing market positions through a financial intermediary such as an online broker. Online trading platforms are frequently offered by brokers either for free or at a discount rate in exchange for maintaining a funded account and/or making a specified number of trades per month. The best trading platforms offer a mix of robust features and low fees.
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