I was speaking with a pal of mine recently and he mentioned that he was looking for the
lowest cost online stock trading broker that he could find. Naturally I understand that he wanted to lower his brokerage charges and costs of trading as much as possible, but I wanted to discover more because sometimes the more money that you spend with the broker the more resources the broker can afford to give you. And, it is the resources that you use as a trader which can provide you with an edge in the markets.
But, my chum informed me that he didn't really need any extra info or news or fancy charts from a broker. Basically, he's been making his own trading calls for some time. Well, when I asked him about the Elliott wave, he told me about a new website.
These days, plenty of the lowest cost internet stock trading brokerages already already have a ton of resources that can help you to make your trading calls. There are ones that offer a large amount of elemental info about different stocks.
And, as he started to tell me about the way that he makes his trading choices, I realized that some of the methodologies that he was using were written about decades back.
For that reason, you actually don't need a full-service broker to give you trading advice or question the orders that you place with them. Basically, if you already know how you need to trade, you only need a service which will fill your orders for you with the least amount of slippage.
Since my chum appeared so assured about the method he was using to trade the markets, I had to discover more about this. One of the other methods that he mentioned is called Fibonacci ratios. As I began to ask him more on the ratios and how they are used, he referred me to a fairly good online resource.
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