Quote:
Originally posted by freakshow
i'm a total n00b at this, but i wanna start getting into it, and i've been trying to do a bit of reading..
a couple of things...
1) I think I know the difference between a margin account and a cash account, but which one should I go for? i read on fool.com that cash is best (or most recommended at least), but i hear other people saying margin is better.
2) There are tons of brokers to go through. I have a bank account and credit card with TD. Should i use TD waterhouse as well? their prices seem to be more than other sites. i think they're about 29 per trade. ws6ta, you get them at $10?
or should i go through another site like ameritrade or etrade? would it be worth the convenience to go with td? or will it make a difference on who i go with?
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If you have all your accounts with TD, go with TD Waterhouse! It's a lot easier if you want to transfer funds within accounts.
I use TD because all my accounts are tied up with them, and I can get the funding within 3 days if I need cash badly.