How to setup a stock trading account?

This is not as difficult as it may seem. There are numerous companies out there that offer software which help you trade on stock market exchanges. I think its the future. You will need a computer and an internet connection, and a decent amount of funding (5000 Euro, minimal to trade, but to safely invest you must have more… >20k). If you’re in the Netherlands, I recommend looking at Todaysbrokers.nl which is affiliated with Interactive brokers, but of course you also have Binck which has been promoted like crazy over here. Unfortunately Binck is not involved in trading in Australia. Lynx is however, but I don’t have experience with them. I’ve heard they are cheap and use the same system as Todaysbrokers.

Todaysbrokers is what I’ve used, and though it takes some time to understand all the numbers and how to set up the account I’m sure they are capable of helping anyone. But of course nowadays most banks offer some sort of service too. You can just call them, and they’ll do the work for you. The problem being, the shares are hard to track unless you have a live data feed. But I suppose that could be an alternative, let the bank do the trading, and you just spend time watching a live data feed. Here again, I don’t have much experience calling my bank to trade for me. I can imagine that it might not be perfect…

If I were just starting in this, I’d go for the more personal approach. The more I hear about the complete and utter nonsense that happens at banks, pension funds or hedgefunds (regarding algorithmic trading expenses) the more I detest this sector. They waste huge amounts of funds due to trading methods. The crap I encounter in newspapers regarding companies fighting for a real estate nearest to the stock market exchange just to gain a mini second on its competition makes me pretty depressed as to why banks and brokers actually exist. Perhaps its just the reality of a the human species uniting through the internet, doesn’t mean there isn’t a better way to allocate wealth. Anyway… do what feels good, but don’t be scared to try something new, and do it yourself…