For traders — especially beginners — a broker can a super valuable resource. It’s essential to find one that’s safe and reliable. Learn how to pick a solid broker and steer clear of those that don’t deserve your trust. Subscribe for more free Stock Trading tips: https://www.youtube.com/channel/UCoSG43KFjTe0trsteSQ46Ng?view_as=subscriber?sub_confirmation=1 Share this video with a fellow Trader: https://youtu.be/ZTo2zEkYsF8 Links I mention and recommend: Join Tim's Challenge here: https://bit.ly/2TZ23Eo Subscribe to my FREE weekly stock watchlist here: https://bit.ly/2IbfhvD Recommended video: https://youtu.be/gtfyLb6XQ9A Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students — Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R Follow Tim Sykes and his trading travels: Instagram: https://bit.ly/1Remh9f
Facebook: https://bit.ly/2ItKo3A
Twitter: https://bit.ly/2P46g8n You need a broker to make trades. But you don't want to risk too much with your broker. For instance, I wouldn’t trust a prop firm or some sketchy offshore broker. There are so many different brokers with different schemes. You have to be careful when choosing. I tend to stick with big companies because when the markets crash the smaller brokers and prop firms can risk going out of business. It can seem like signing your life away when you sign up with these brokers — I've been there. I mention certain brokers for their credibility. I’m NOT working with them. They actually don’t like me because I trade very little and I'm super patient. That’s how I think you should be. No broker is perfect, but some are better than others. When choosing a broker, you don't wanna bend the rules. Remember, you can't cheat your way to success. If you struggle to trade consistently or find your niche with a legit broker, the last thing you should do is pursue some of these gray areas. There's just too much downside risk. Watch out for sketchy or questionable brokers, like the ones that don't charge any commissions. From what I hear, their market and executions are terrible. You have to think about how a broker makes money. If they're not charging commissions, they're making it through other means. So they may actually route your order out to other firms and take a little slice of the pie. I’m okay with paying small commissions to a larger company because that's the price of doing good business. I like to play it safe. Think about it this way: What can you do NOW to better position yourself in the future? You need to find a reliable broker that'll be there for the long run. Have you had a bad experience with a broker? Share your experience! What broker do you use? Leave a comment below and let me know … #TimothySykes #Pennystocks #Investing —————————————————————————————————————-
Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.* —————————————————————————————————————-* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/

More Our Favorite Brokers For New Stock Traders Videos

I’m here with TheStreet discussing some of my killer trading tips. No matter how you prefer to trade, you need to stick to some key rules. Let’s check it out! Subscribe for more free Stock Trading tips: https://www.youtube.com/channel/UCoSG43KFjTe0trsteSQ46Ng?view_as=subscriber?sub_confirmation=1 Share this video with a fellow Trader: https://youtu.be/vPdW3pfyMjI Links I mention and recommend: Join Tim's Challenge here: https://bit.ly/2IdCdv6 Subscribe to my FREE weekly stock watchlist here: https://bit.ly/2UPGdrs Recommended video: https://youtu.be/GO-iRV4GH5Q Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students – Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R Follow Tim Sykes and his trading travels: Instagram: https://bit.ly/1Remh9f
Facebook: https://bit.ly/2ItKo3A
Twitter: https://bit.ly/2P46g8n I’m here today with TheStreet discussing some of my tips for traders. I got into the stock market when I was 18 using my bar mitzvah money. My parents gave me full control of it. They thought I would blow up my account. But I used the internet to educate myself. That's a beautiful thing, and too many people don't realize they can learn nearly everything online. Now, twenty years later, I trade and teach. I trade with a small account, and I donate all my trading profits to charity. I could focus on trading with a big account, but I'd rather trade with a small account to teach others. And every year, I reset my account. So far in 2019, the overall market is on fire! I underestimated it. I was in protection mode after November and December. I was trying to teach and protect myself and my students from the big drop. But then I missed out on a big runner. I also haven't re-strategized. Just because I missed out doesn’t make me want to chase — then it just becomes a vengeance trade. I’d rather play it safe and sit on the sidelines. Let’s talk about a few specific trading styles … When it comes to scalping, you're trying to make a penny or two. While it can add up, it can be dangerous … You’re going for small gains, and one significant loss can wipe out two weeks of scalping gains. I've done that before. I like to go for bigger moves. I opt for patience over scalping. Swing trading is tough, especially after a 10-year bull market. I just don't trust the overall markets. I think we're on the verge of some big crash or something. So I like to be overly cautious. And I don’t use leverage ever. Period. Here’s how I approach the market: I can be a bit of an addict … So I'm endlessly fascinated by different stocks and setups. I have to control that because most setups or stocks will let me down. I focus on MY key patterns. I like to trade like a sniper. I have one or two stocks at any one time. Trade only a few stocks you know. Don’t just chase patterns and stocks you love. A lot of the strategies that worked in the past don't necessarily work right now. You have to keep learning and adapting. Also, trade patterns that you learn over time and that you grow to love. Find strategies that work for you. We're all different. Some people like short selling, some like going long. Use what works for YOU. How old were you when the market hooked your interest? What strategies work best for you? Leave a comment below and let me know! —————————————————————————————————————-
Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.* #TimothySykes #Pennystocks #Investing
—————————————————————————————————————-* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/

More Lessons From 20+ Years on Wall Street Videos