Trading Brokers 101 | PB University LITE 41/50

Picking the Perfect Broker: A Guide for New Investors This guide explores popular online brokers for various asset classes, helping you choose the platform that best suits your investing needs.

May 7, 2024
Meta Matt
Class Video

Trading Brokers 101

I’m Meta Matt, Director of Education and welcome to PB University LITE! This is a 50 Class Trading 101 Series geared towards both new and veteran traders alike! We go over everything from Trading Psychology, Technical Analysis, and Options Trading to Commodity Trading, Forex, and more!! This 50 Class series is not designed be taken in order, it is instead designed for traders to browse and pick which classes interest them. I will include the list of classes at the bottom of this page.

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Stock Brokers

  • Webull: User-friendly, commission-free app with advanced charting and fractional shares. Offers some crypto trading and a high interest rate on uninvested cash. Ideal for new investors due to its ease of use and educational resources. Cons: No mutual funds, bonds, or futures trading. Limited fundamental data and subpar customer service.
  • Robinhood: Another popular commission-free app with a user-friendly interface. Offers fractional shares and some crypto trading. Ideal for beginners due to its simplicity. Cons: Lacks advanced charting tools, mutual funds, bonds, and futures trading. Prone to outages and may not be suitable for experienced traders.
  • TradingView: Advanced charting tools and custom indicators. Connects to various brokers for trading while offering superior charting features. Provides real-time data across multiple asset classes and news sources. Great for experienced traders who value in-depth analysis. Cons: Can be overwhelming for beginners. Limited fundamental data, subpar customer service, and expensive paid plans with limitations on the free plan.
  • Thinkorswim: Advanced charting and technical analysis with extensive tools and strategy building capabilities. Offers real-time data, streaming news, and backtesting. Ideal for experienced traders who require a powerful platform. Cons: Complex interface, requires a TD Ameritrade account, and may not be suitable for all trading styles. Potential for information overload leading to impulsive decisions.
  • Interactive Brokers (IBKR): Popular for its global reach and diverse offerings. Provides advanced trading tools, competitive commissions (not free like Webull), margin lending, and fractional shares. Ideal for experienced investors who trade internationally and require a comprehensive platform. Cons: Complex platform with account fees, limited research tools, and subpar customer service.

Cryptocurrency Exchanges

  • Coinbase: User-friendly platform with a wide variety of supported cryptos, high liquidity, and strong security measures. Ideal for beginners due to its ease of use and regulations. Cons: High fees, limited research tools, subpar customer service, and lack of transparency.
  • Kraken: Known for security, compliance, margin trading, and futures trading. Ideal for experienced crypto traders who value security and advanced features. Cons: Complex platform with limited research tools, high fees, and subpar customer service.
  • Binance: Offers low fees, deep liquidity, a vast selection of cryptos, advanced features, and global reach. Ideal for experienced traders who prioritize low costs and a wide range of options. Cons: Regulatory issues, security concerns, lack of transparency, and recent leadership controversies.

Other Platforms

  • MetaMask (Crypto Wallets): Popular crypto wallet for ease of use, supporting various cryptos, and compatibility with Web3 apps.
  • OpenSea (NFT Marketplaces): Largest NFT marketplace with a user-friendly interface and extensive listings.
  • OTC Markets (Penny Stocks): OTC Markets Group is a leading marketplace for penny stocks, offering data and analytical tools. Cons: Limited customer support and high fees.
  • IG (Forex Trading): Well-established online broker with user-friendly interface, competitive fees, and good customer service. Ideal for beginners in forex trading. Cons: Limited research tools and features.
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PB University LITE Class List

1) Trading Terminology
2) Stock Market Indices
3) Common, Preferred, and Penny Stocks
4) Diversification of Assets
5) Fundamental Analysis Made Easy
6) Technical Analysis Made Easy
7) Risk Management In The Market
8) Portfolio Management
9) How To Follow Market News
10) Trading Psychology
11) Options Explained
12) The Greeks In Options Trading
13) How To Short Sell Options
14) Covered CALLS
15) Spread Trading
16) Online Brokers for Options Trading
17) Implied Volatility Calculators & Tools
18) Protective PUTS
19) Iron Condors
20) Straddles
21) Reading Level 2
22) Taxes
23) Trading Psychology Techniques
24) The Art Of Trading
25) Becoming A Jedi In The Stock Market
26) Futures Trading Explained
27) Commodity Trading 101
28) Regulatory Environments
29) How To Become A Millionaire
30) $100K In 100 Days
31) Wash Sale Rule
32) Behavioral Finance Part 1
33) Behavioral Finance Part 2
34) 5 Charting Indicators
35) Fair Value Gap
36) Insider Trading and Market Manipulation
37) Stock Chart Types
38) Moving Averages 101
39) Base vs Precious Metals
40) Electricity Trading 101
41) Trading Brokers 101
42) 5 Trading Strategies
43) 85% Trading Rule
44) Are Win Rates A Scam?
45) Futures Trading 101
46) ATR Indicator Strategy With The Greeks
47) MACD Indicator 101
48) Bollinger Bands Indicator 101
49) Wedges, Triangles, Flags and Pennants
50) RSI Divergence 101

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