Hi guys, my first post here, though have been lurking/reading up for a little over a week now.
I'm very keen to get into stock trading but have found the setting up and a tonne of WTF!? moments have really slowed things down a lot more than I'd hoped so I'm after a bit of guidance on a few things.
I'm in need of a good online broker. By good I mean cheap (of course), low minimum deposit (like $1k if that is even possible?) and easy, i.e. good for a beginner.
It's also taken me a little while to define what my actual goals are with trading and I've concluded that I'm not too interested in day trading yet. I see that as a bit more of a lifestyle shift, something tat you need to be into 110% to do properly and I'm not really there yet, I want to trade in shallower waters, on lower volatility, but at the same time I'm not self managing my super...yet. So more the medium term trading, stuff that wont go up in a straight line but wont take years to see any real value.
I would like to dabble a bit in Forex, but mostly commodities like coal, oil, lithuim etc. (as that is what I understand mostly) and those 'hot tips' you hear in back alley bars. I also don't want to be limited to ASX, I want world markets.
So is there one broker with the lot or do you need to use several different ones depending on what I'm wanting to trade?