Online Brokerage Firms

Many investors ask me what online brokerage firm they should use. I really like ChoiceTrade.com a lot. They offer cheap $5 dollar commissions on trades. Even more important than the fees is this, ChoiceTrade.com allows investors to use stop loss orders. This is critical. No investor should trade penny stocks without using stop loss orders. Most online brokerage firms do not offer stop loss orders on OTC stocks so I highly recommend that everyone look at ChoiceTrade.com and begin to use them so you can begin to use stop loss orders. This will help every investor cut their losses if a stock goes against you and will help keep more of your profits as you continue to move the stop loss order up as a stock goes higher. I can’t stress the importance of stop loss orders enough. No investor should trade without them.