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I don't buy American stocks and ADRs have American counterparty risks, plus many good companies aren't listed as an ADR because of tight US corporate regulation. E-trade allows direct purchasing from foreign exchanges, but facilities are extremely limited.
I use a broker who charges only 10 basis points for exchanging money to respective currency. E-trade charges 1% I think. Pink sheets are out.
The real question is, why would anyone be buying any type of stock right now? I'm waiting for DOW 7000, then you will see me put my cash to work. Not a second sooner.
I have had good experience with Zecco trading. 10 Free trades a month with min $2500 balance, $4 therafter.
That's a pretty good deal. I tried to open an account with interactive brokers today (their rate on stocks is .005 cents per individual stock traded). So if you bought 200 shares, you'd pay only $1. Plus you can trade futures, currencies, options, international stocks ect... all at a cheap rate. Definetly a good place to be if you are looking to get into exotic investing at a cheap price.
My problem was that you need a $20,000 liquid net worth in order to open an account with them. Being 19, I'm not quite there yet and I wasn't going to lie about it. Also a minimum balance of $4000 is needed in an IRA (got that covered) or $10,000 in any other type of account to open. They offer alot options for margin trading as well. I'll be looking to move to them if Euro pacific doesn't get back to me soon.
Quote:
Originally Posted by travelmate38
The real question is, why would anyone be buying any type of stock right now? I'm waiting for DOW 7000, then you will see me put my cash to work. Not a second sooner.
There is plenty of money to be made in the junior oil explorers (check symbols GTE and BZP), commodities, as well as shorting big ticket retailers, airlines, domestic autos, financials, ect...
I will be disappointed with myself if I'm not up over 100% on my investments this year.
The real question is, why would anyone be buying any type of stock right now? I'm waiting for DOW 7000, then you will see me put my cash to work. Not a second sooner.
Well, if you pick the right stocks, it doesn't matter what the DOW is doing. Various energy stocks are going up and up.
Couple one nice things about Etrade are that they have a RSA key available for secure login, and high interest savings for cash holdings.
I have Fidelity and my trades are free. I won a contest about 8 years ago and I have free trades for life.
Now a little more realistic- My hubby has Ameritrade and the regular fee is $9.99 per trade.
Lisa
Oh how I envy you! Over the past 8yrs I've averaged about 500 trades a yr ranging from $19.99 in 2000 to $8.99 per trade today. = over 50k in commisions and counting.
I have a question----sorry for bringing this back from the dead....
Ive just opened an Etrade account....and Im just wondering how it works....can I buy and sell at any time? I mean if i buy stock now at 2$ and in 4 hours it goes up to 3.25....can i sell it right away, and then wait till the stock goes back down to about 2.50.....next day and buy it again.......which would result in more stock for me ??
Or is there some sort of a rule that i cant do that?
And if i sell stock will it sell right away? or do i have to wait?
As u can see, I know NOTHING, but what the hell u live once right.
Here's the deal. Once you have the funds in your account you can buy a stock. There is a 3 day holding called a T something or other. This is law, not per brokerage to my knowledge. You can sell the stock anytime after buying it however, those funds will still be tied up for 3 days to clear the paperwork before you can use that money to buy another stock.
For example:
1.Today you buy stock ABC at noon. You sell ABC stock two hours later. The funds are tied up for 3 business days before you can use that money to buy more stock.
2.Today you buy stock ABC at noon. You sell ABC stock three days later at noon. You can then use said funds to immediately buy into stock XYZ.
o man-----that sucks....lol....its that only in the begining?
or will it be like that everytime?? hmm ....that kinda defeats the purpose of trying to make a quick profit.....
I have a Think or Swim account and I think they are one of the most competetive. I only pay $1.50 per Option contract. I think it is $5 for a stock trade. They have a GREAT on-line platform too. Great research capability; great charting; watch lists alerts; risk analysis; free on-line webinars where every week you can listen and learn.Tutorials to teach you the platform (which you will need). They even a daily trader you can tune into to see what he is doing as well as a forum of other members. If you do enough trading they'll pay for your internet connection too. Ameritrade just aquired them. Think or Swim sponsors the Option Action show on CNBC Friday nights.
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