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Old 03-22-08, 02:07 PM
Slowdown Slowdown is offline
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Join Date: Mar 2008
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Getting Into Stocks w/ Etrade?

I want to get into stocks and a few people told me to use etrade.com... How exactly does it work? And how do they charge you? I just want to be able to buy, sell, and trade. Someone links to things to read up on is fine. I know how the stock market basically works but dont any terms and all that. Thanks
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Old 03-22-08, 04:10 PM
Fredledingue Fredledingue is offline
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Join Date: Aug 2007
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I'm at e-trade. It's one of the most expensive e-trader: $20, less if you make a lot of trades or have more than $50,000 on your account. They have plan as low as $6 per trade. While they advertise $13, I'm charged $20 because I don't trade often and have less than $50,000.
I'm there only because it was the most serious company around when I started trading on line 10 years ago.
Also cheaper traders seems to have psychological problems accepting foreigners. :/

It's very easy to use. Once you have an account and money on it, you can buy with a high limit or at market price or when it goes under a certain price (stop limit). Same with buying. They explain in details what all that means. Read it carefuly.

Only one catch: The price you see on their website is delayed 20 Min. They have plan for real time cotes, but you must read their condition. By experience, I can say it's not that important if you set limits on your orders.

I'm quiet happy with their service. But if you are an US citizen you may want to look for something cheaper.

Good luck
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Old 03-25-08, 09:13 PM
Novice Investing Novice Investing is offline
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I would suggest scottrade. Flat $7 per trade for stocks, not much 'hidden' fee out there.
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