Posted by: I485 March 12, 2017
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@Manuwa,
First of all, Robinhood is just an App, it's doesn't have any other platform (website trading or desktop based app) - so for active traders that do many trades, mobile App is not what they would prefer, it would be impossible to do trading based on Mobile App. But, if you want to buy and hold a stock for long term then it maybe for you.
Brokerage firms like Etrade, TD Ameritrade have robust trading platforms designed for Active traders, they also offer their Website for trading and also Mobile App. Think of this way, Stock market is like a battlefield, and with Robinhood App you're going in a battlefield with a Knife whereas everyone else is coming with a machine gun. Again, this only applies if someone is active trading.
They do offer things like Level II quotes which are very useful if you're day trading, you can see the price movement and what the bid/ask size is lining up etc. Also, i do not want to invest lot of money in an App based trading.
First of all, Robinhood is just an App, it's doesn't have any other platform (website trading or desktop based app) - so for active traders that do many trades, mobile App is not what they would prefer, it would be impossible to do trading based on Mobile App. But, if you want to buy and hold a stock for long term then it maybe for you.
Brokerage firms like Etrade, TD Ameritrade have robust trading platforms designed for Active traders, they also offer their Website for trading and also Mobile App. Think of this way, Stock market is like a battlefield, and with Robinhood App you're going in a battlefield with a Knife whereas everyone else is coming with a machine gun. Again, this only applies if someone is active trading.
They do offer things like Level II quotes which are very useful if you're day trading, you can see the price movement and what the bid/ask size is lining up etc. Also, i do not want to invest lot of money in an App based trading.
If you have $200k to deposit in Nepal, would you deposit that money in big banks like Nabil, Himalayan etc or deposit in a smaller finance company (to get more interest rates) and worry all the time ? With big banks, you'll get access to online banking and you'd be able to check your balance and talk to a customer service and have a peace of mind. ? or you don't care about those services but you want to get more interest rates and deposit in smaller finance companies ?
Every individual has their own preferences.
Last edited: 12-Mar-17 01:21 PM
Last edited: 12-Mar-17 01:21 PM