Tips from a college student

If you open a Zecco trading account now through my link you will recieve a free book titled 'China Shakes the World'. With Zecco you receive $0 Stock trades for up to 10 each month. I opened a Zecco account 2 weeks ago and am very pleased so far. It is great that the prices are free for regular trades, and if you go over 1o or do options trades they are only $4.50 each, which is still a great deal!

If you are new to stock trading, Zecco has a community forum where members answer questions, and after reviewing it I found it to be very informative and helpful. If you have been wanting to try stock trading but have never signed up, now is the time. You can purchase just one stock if you like through Zecco, just to get the feel of it. I am starting out slow, but eventually will probably trade more.

If you sign up through my link, you get the free book and I get $50. I just wanted to put that out in the open. So don't wait, sign up now!

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I have finally given up on high yield savings accounts. Okay, that isn't completely true, but I'm going out on a limb here. With the FED cutting interest rates what seems like every day now, no one is earning any signifcant interest on their savings. The stock market is down as the recession is freaking everyone out, so I decided now would be a good time to begin investing in the stock market.

I began researching a few different stocks about a week ago and finally chose a few to begin with. I am going with Apple, Microsoft, Verizon, and J.Crew to begin with. I am watching a few more right now, but I want to see how things go and get used to things before I put too much money out there.

After choosing stocks, I realized that I needed to choose a broker or dealer or whatever you call the place you buy stocks from. I began looking online, and quickly realized I was looking for a discount online broker. So I started googling every name I had heard, E*trade, Sharebuilder, Zecco, and a few others. I decided on Zecco for several reasons, the main one being price. As long as you have $2,500 in your account, the first 10 trades a month are free. I don't plan on doing a lot of trades, so this should be perfect for me.

I read several blogs about it and all of the comments, and I read every bad story I could find about it. It appeared to me that all of the bad stories were from people who didn't do what they were supposed to, like send in the correct paperwork. And most of the problems people had were in the application process, which I found to be very simple and easy.

I have now completed the application and been approved, and everything is great so far. Many of the things I read that were complaints I noticed were not problems in the application. It was completely online, so nothing needed mailed in. I am now waiting for my ACH transfer to go through and complete funding, and then I will be ready to trade!

Check back for a complete review of Zecco once I have had time to do a few trades and see how everything goes.

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