eHowToGuru

Posts Tagged ‘Etrade’

I looked at these websites and there is way too much reading materials. One of my friend directed me to etrade but they charge about $8 to $10 per trade, that’s instane!!! I want something where I can my stocks when it goes up $2 and I want to sell it when it goes down $2, it is as simple as that. If I am going to pay brokers that much fees then I won’t create any profits. Any suggestions?

I think it’s $1000 at E*Trade, but read this information on their website about the various maintenance fees, etc. if you have a balance that low: https://us.etrade.com/e/t/prospectestati…
At TDAmeritrade, the minimum is $2000 if you want the “free trades for 30 days” offer. I’m not sure if they allow you to open an account with less than that if you don’t want that offer. They say they have no maintenance fees.
My own personal opinion is that a mutual fund from somewhere like Vanguard or Fidelity that is based on a major market index like the S&P 500 or Russell 2000 is the best place for new investors with only enough money to meet the minimum. To reduce risk, it’s important to spread an investment across many stocks. Even at a discount broker, the commissions required to do that will be a significant percentage of the investment if the total amount of the investment is only a few thousand dollars which makes it difficult to make any money.

I would like something simple and easy (and legal and legitimate, i.e. something like Etrade) to allow me to easily buy and sell from Canada. Thank you. And please, no spam.

Stock trading involves buying ownership of a company. To learn more about stock trading, you should definitely check out some books and online tutorials. I suggest you take a look at Investopedia ( http://www.investopedia.com/ ).
A good stock trading company, or brokerage firm, may vary among different people. Some people might be looking for full-service, where they can get advice on what stocks to buy or sell. On the other hand, others, like me, would prefer a cheaper alternative that also allows them to make their own decisions.
I currently use Firstrade ( http://www.firstrade.com ) and I’ve been very happy with them. They are cheaper than big name brokers such as Etrade and are very reliable and easy to use. I would definitely recommend that you check them out.

is it the company ( i mean line etrade and stuff like that) u r using to trade stocks that buys ur stocks and sell them to the other pple who want to buy the stock?
or do u place them in the market and u get ur money when it is sold?
thx