Guys,

Have a couple of questions to ask. I'm planning to use ITrade CIMB for US trading (Nominee account 1:3). Not sure if there's any additional cost, and not so familiar with trading jargon's.

1. Dividend taxed 30% for US.(The dividend is what we earn when we keep the stock for a certain period of time rite, not from selling the stocks).

2. The nominee account triples our investment. So when we earn from selling the stock is the profit divided or whatever we earn or lose is our money. And i believe we need to pay back if there is a loss.

3. How does the queue work. Like when an order is placed to buy for a certain price like USD5. Is it confirm that the stock will only be bought or sold at that price,or do we need to fight for the price based on how many lots we buy.

Just some of my concerns before start investing. Thanks.

Finally my tdameritrade acc open

FYI, TDameritrade need min USD2000 for option and margin trade

Congrats! FInally can start trade real liao
Anyway, how is the commission rates calculated?
Lately i found one interesting broker which charge flat rates no matter how many options contracts that you traded
http://www.optionshouse.com/rates/ - Flat rate USD 14.95 for any number contracts.

u guys hv training/experience in option trading b4 or first time just hantam invest wit real money is best experience? lol

my acct wit optionxpress opened d. only require to fax my documents to them for verification.

btw, anyone tried optionxpress virtual trade b4? how realistic is it compare to the real market? or the VT is using the real mkt data, only difference is fake money??

pls advise thanks.



This post has been edited by wayfeel: Apr 1 2009, 01:13 AM

For my case, been virtual trading for 1 mth++. It's good to trade virtually first before start trading for real
Reason: to get familiar with trading system in optionsXpress such as buy limit, stop limit, etc..
Differences: besides fake money, the trade execution also difference. Means you can't see buy q or sell q in virtual trading.
In virtual trading, it only be matched if the price in real trade move. You can't manipulate options price in virtual trade. Only in real trade, u can.

Thx, dreams_achiever


in VT, r we provided with realtime stock chart? if so, where to click ,cant seem to find.
how about if we trade live, does optionxpress provide the realtime stock chart too?

the realtime stock chart is a crucial tool right?

the 'ADD $5k' is unlimited or r we limited to how many times.
i really appreciate it

VT doesn't provide charting tools. In real trade, yes. It provide real time charting.
You can go to Quote detail > click any chart and it will redirect you to Flex chart / Basic charting tools.

I din try many times to add more funds into VT. I think no limit gua. Why want to bother with it? lolz
It just tools to get familiarize with Optionxpress system. Once familiar d, get real with it..hehe

Another tools that you can consider is OptionsOracle. Google and install it.

thanks for ur time n reply
then if optionxpress does provide realtime charting, then i don hv to go look for it elsewhere...just weird everyone seem to be using 'more premium' online broker yet scrambling elsewhere (i.e. net) for realtime chart as if it was rare. or even look for third party realtime charting. just wonder wht m i missin

yea i guess, swim in the ocean is best to learn life lesson than pool after acquired basic knowledge...
thx for tips^^



This post has been edited by wayfeel: Apr 1 2009, 03:54 PM

No problem at all.
Glad to share it out with you and good luck in your trading

Very interesting Thread.

What are the best stock to invest in NYSE. Pls Share.

Thx

Sure, here's one for the newbie: SKF

This one guarantee to give you the ride of your life.

AIG and Citigroup or ETF counters

Like to gamble?
MGM, Las Vegas Sands, WYNN Resorts

Obama is bluffing?
Buy GM at your own risk

That one, need to sell my house first. Anyway Thx

Been following on "UYG" and when I look at their holdings, it is quite good except for Citi.

Really thinking of buying but need a second opinion.

Thx.

UYG good also.... track the financial counters in NYSE...

Yup. if want to trade NYSE financial shares -> check out financial index such as
iShares Dow Jones US Financial Sector - IYF (Index quote)

FAS is better if you're bullish. Already up 50% for last 30 days. D

But, tread careful, IMO, financial sector may not have bottom yet..
eventho a lot of people call DJIA at 6500 was the absolute bottom.

The M2M rules aren't clear yet and the toxic assets re-purchased with private equity - not exactly sure
if the banks/mortgage companies are willing to sell them on the penny on dollar.

Good luck!

This post has been edited by danmooncake: Apr 3 2009, 12:31 PM

Noted. It is some sort of index
Anyway, i just monitoring on JP Morgan shares. It already up almost 100% for last 30 days
Call options for March 2009 up almost 20 folds

I m newbie here and interest to buy some US share. I have read from the start but getting confuse with which brocker to choose and lowest commissions. I m not active trader. My intend is just buy some share, and keep for few years. Which broker is suitable? Please recommend.