馃攳
What Is Best Stock Broker? (Robinhood, TD Ameritrade, Webull) - YouTube
Channel: Satish Gaire
[0]
hey so you're ready to trade and you're
wondering which broker should you go
[3]
with i'm gonna go ahead and show you
three brokers that i really enjoy and
[8]
you might like them as well i'm gonna go
and show you
[10]
uh red bull not red bull robin hood
weeble and td trade okay i'm going to
[16]
show you the
interfaces and everything that i know
[18]
about them and that can really help you
out
[20]
as well so first of all robin hood
everybody has heard of it
[24]
and robin hood pretty much you know
changed the entire
[27]
industry pretty much so back in the day
i had to pay almost eight or nine
[31]
dollars
per trade and you know usually as a day
[35]
trader
that used to add up to like you know
[37]
hundreds of dollars
per day so back in the day if you're
[41]
like oh i make hundred bucks a day on
day trading
[44]
that was nothing because you'd have to
you you'd have to pay so much money
[48]
on buying and selling almost 10 bucks
per trade that sucked now robin hood
[54]
came along
and you know they started offering free
[58]
you know
uh free trades now of course there are
[61]
some downsides to it
but they changed the industry because
[65]
now everybody else is offering
a free trade that helps everybody else
[69]
out so my three favorite brokers are
robin hood not i always keep saying keep
[75]
saying
red bull for some reason so robin hood
[78]
so robin hood i'm going to show you the
count right here
[82]
so i haven't used robinhood in a long
long time uh and i'll tell you why
[86]
so robin hood is a great system it's a
great system
[90]
no problems anything like that the only
issue with robinhood
[97]
is the fact that it's too simple now
that could be
[100]
a positive point for a lot of people as
well so for example
[104]
let's say you don't you know you're a
simple trader
[107]
and you're a long-term investor in that
case robin hood is a great choice
[111]
because it doesn't offer you
more than you know what you need okay
[116]
it's a simple
to the point okay and uh
[121]
it's pretty much for a simple mark it
says negative four dollars because
[124]
you know i still have an account uh and
i pay five bucks each month for some of
[129]
the information here uh so pretty much
that's a robin hood
[132]
let me show you a few things i like
about it so pretty much they give you i
[135]
really love their
collections meaning they will tell you
[139]
the most popular stocks meaning
what is everybody what does everybody
[143]
else own on robert it'll tell you that
right it's a really great way
[147]
to see what other people are trading and
buying on robin hood i really like this
[152]
i also like the fact that they also give
you like for example categories for
[155]
example right here so it tells you
technology oil and gas etfs pretty much
[161]
so you can see what's going on on there
you can see the ratings
[164]
all of that in a nice panel like that
okay and when you go to
[168]
let's say buy one right like this now
one thing that robinhood does wrong is
[176]
that
i hope i hope that they're not going to
[178]
send me a cease and decease
what they do what they should fix is the
[183]
fact that when you're trying to buy a
share right
[185]
their default is market order and as we
all learned on my other videos if you
[190]
haven't seen those videos
market orders is not good well
[195]
mostly not good so you can still make a
limit limit order but you have to go
[199]
through this
setup right here for other brokers limit
[203]
order is the default usually so
you just know that okay but if you're a
[208]
simple investor
robinhood is a great place to start they
[212]
give you
instant deposit which i love and so
[215]
pretty much you can deposit the money
right now
[217]
and they'll fill it up right you can
just you can start trading
[221]
in the next two two minutes that's how
easy it is so
[225]
robin hood does what has what a simple
trader
[229]
and a long-term investor needs so this
is a great platform so if you're
[232]
starting out
start right here you know if you don't
[235]
want to get too confused okay
now next up i have something called
[239]
weeble
now weeble amazing okay
[243]
so weeble has everything that
robin hood has okay now we will on the
[250]
other hand
you know they provide you with a little
[253]
bit more information
better graphs you know they also have
[257]
like i said they have everything else
that robin hood has
[259]
as well but they provide you with a
better you know
[263]
interface pretty much their interface
their research and everything
[266]
what they have put together on the
graphing you know you can see multiple
[270]
uh graphs at the same time all those
things you know
[274]
they have it here for you i love i love
how
[279]
i love how you know they do things so i
love it
[282]
their interface is great i can look at
the code i can do all these things i can
[286]
uh do you know have multiple graphs it's
just amazing so
[290]
uh if you do want to get into
a little bit more active training
[295]
meaning you want to do swing trade
or day trade then you know uh weeble is
[300]
a great choice
i love it okay keep in mind that both uh
[304]
robin hood and weeble they both give you
level two data
[308]
uh robin hood charges you five dollars
correct
[311]
five bucks a month uh for the level two
data but with that level two data five
[315]
bucks
you also get a bigger instant deposit so
[319]
there is some pros to it so
uh you know so weeble has that as well
[323]
so level two data that's included on it
as well so
[326]
we got that so robin hood weeble so
if basic investor start if it's the
[332]
first time
start here i started here long time here
[335]
as well
so uh weeble amazing graphs amazing
[340]
uh you know information it just looks
good it just makes me want to trade
[343]
now next up i have a married trade okay
ameritrade
[347]
has been around for a long long time now
this one
[350]
uh might look a little complicated to
you
[353]
but you'll just get used to it i use
this
[356]
primarily uh for my day trading needs um
so you know
[360]
this i really enjoy i got used to it to
be honest so initially though
[364]
you know uh it has everything so there
is no other platform that i found
[369]
that's good as tos meaning think or swim
so think or swim
[374]
is a software that's owned by td
ameritrade
[378]
and you know and they give it to you for
free okay you can use the software this
[382]
is an amazing software
it has everything that you know uh
[387]
weeble and robinhood has but it
it does look a little complicated it's
[393]
not but it does look like it because
there's too many buttons too many stuff
[398]
going on
so this is really good for you i
[401]
recommend you go with thinkorswim if
you are an active day trader why
[406]
because i've seen a couple of things so
robin hood and weeble
[411]
uh the deliveries you know the you know
whenever i place an
[414]
order it took a while um td think or
swim
[418]
i'll call it tos um you know it was
not fastest but it was faster than the
[424]
other two
so three of them you know uh and they
[428]
have all the graphing all the studies
and all of that
[431]
built in here as well they got like you
can watch a live tv right here
[436]
um you can monitor your trades
everything your p
[440]
l everything is laid out properly here
for you
[443]
that's what i love about uh about think
or swim you know td ameritrade
[448]
they also give you they also equip you
with gameskeeper
[452]
software on your account as well so you
know when you're filing taxes
[456]
it makes it kind of easy even though
weeble and
[460]
robinhood they also provide you with a
pdf document for your text filing but
[466]
i want to see what's going on like every
day or every month or quarterly
[470]
i can see that pretty easily using
gameskeeper
[474]
software as well so here's my here's my
verdict okay
[478]
so if you are just starting out if it's
your first time
[482]
investing or you're a long-term investor
right you can go to any
[486]
i'm not telling you to pick one or the
other if you're just starting out
[490]
i would go with the robin hood because
they make it simple they got an
[494]
app that's you know uh it's a so you
click a button it says
[497]
you know you can trade options very
easily it tells you
[500]
i think the stock is going up i mean i
think the price is going to go up
[504]
or down so you know they pretty much
dump it down for you okay that's not a
[509]
bad thing okay
that's not a bad thing because you know
[512]
a lot of my friends and cousins
i hope they're not watching the video
[516]
but you know they don't know anything
about the market
[518]
and yet they're using robinhood to bring
that extra income
[523]
even though they don't know what's going
on they're not timing the market
[527]
like i am with you know charts and you
know all the indicators okay
[531]
now so if you're starting out if you
don't know anything if you don't want to
[534]
care about you're not an active trader
robin hood is your choice now next up
[540]
weeble webble amazing service
uh amazing service and they got nice
[545]
layout
i loved it okay it's amazing now if
[549]
you're into day trading
that's when i think you should go ahead
[552]
and move on to think or swim
and i think i've had a great experience
[557]
with them okay
so uh yeah so that's my take on the
[560]
brokers um you know so i hope you guys
enjoyed this video make sure to watch my
[565]
other stock videos
and make sure to subscribe to this
[569]
channel if you want the latest
you know uh videos on stocks finance and
[574]
other make money making
ideas and creative stuff so thank you so
[578]
much for watching this video and again
take care and have a nice day
[594]
you
Most Recent Videos:
You can go back to the homepage right here: Homepage