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How Does ETrade Work [REVIEW]

How Does ETrade Work

Searching for information about etrade and want to know what etrade is and how etrade works. 

This exactly what this article is about, and before I start talking about what etrade is and how does it work I'd like to congratulate you for doing your homework as this is how you find the best way of making money online. 

In the remainder of this article I will talk about the following topics:

  • What Is Etrade?
  • How Does ETrade Work?
  • Who Is ETrade For?
  • What Are The Benefits Of ETrade?
  • Pros & Cons
  • Can You Make Money With ETrade?
  • My ETrade Review - Final Conclusion
  • How I Make Money Online

Curious to find out more about ETrade? Keep reading!.

Etrade Review 

Product Name: Etrade

Founder: Rodger Lawson Chairman, Karl Roessner CEO


Product Type: Electronic Stock Trading Platform And More

Price: $6.95 Standard Trading Fee, + $0.75 per options contract


Best For: Frequent traders that enjoy investing and trading in the stocks and options

How Does Etrade Work

Summary: E*Trade is an excellent platform with many features for both experienced and new traders alike. It is super secure and offers a multitude of tools and resources to help you trade successfuly. The down side expensive if you are not making a lot of trades. 


Rating: 80/100


Recommended:  yes, if you have experience trading or access to a broker or knowledgeable individual directly or by newsletter.

Because MORE MONEY IS Waiting For You. The Question Is: WILL YOU TAKE IT?!?

 

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What Is ETrade?

ETrade - often style the the asterisk as "E*Trade" is very much an acronym for Electronic trade. 

It is an online secure electronic stock broker which allows you, its user to easily trade financial assets and securities such as mutual funds, forex, options, futures, fixed income investments and exchange traded funds to name just a few, all from the comfort of your home - or smartphone - and without the need of a face to face meeting with a traditional stock broker. 

ETrade also offer a range of financial services and advisory services from cash management services, to margin lending and online banking. 

ETrade also comes with a host of user friendly financial tools to help you to get the best out of your trading experience.

You can trade, watch, monitor as well as view the overall performance analytics of stocks and shares. 

Etrade which was rather surprisingly founded way back in 1982 out of silicon valley's Palo Alto, is also fully and easily accessible from your phone be it an Iphone, android, Windows, Amazon Fire or blackberry!. The app has far better and more impressive features than what other electronic brokers offer. 

E*Trade fee's are not exactly favourable for casual traders and beginners. They seem to favour those that are active and frequently trading - which is not quite my style - I like to trade very seldom - buy and hold....for years!  

Fees are $6.95 standard trading fee + $0.75 for every options contract. Full transfer out fee $75, partial transfer $20

Merrill Edge and Ally Invest are both less expensive to use and offer fairly similar services. While Charles Schwab, Fidelity and TD Ameritrade are far more expensive than ETrade

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How Does ETrade Work?

To get started with E-Trade you need an minimum of $500 to open an account. Opening an account is very easy to do.

Fill the required details, be ready to provide proof of identity and electronic transfer of funds is super simple - you can do it directly from your bank account either in person or online, send a check by regular mail (do people still do that?) or deposit direct to an etrade branch. 

Withing 48 hours or 2 working days your account will be ready and you can start trading. 

If you are into investing then ETrade would be a fit with newsletters such as Technology Profits Confidential, Profits Unlimited, or the Genesis Investing System

How Does E Trade Work

Who Is ETrade Best For?

ETrade is a pretty good digital trading platform but it is not ideal for everyone. The type of person or trading persona that will get the most out of ETrade are:

  • Beginner first time investors
  • Those trading or wishing to trade Commission Free ETF's
  • Retirement Planning
  • Frequent and regular traders. 
  • Those seeking to learn trading for themselves.

The big challenge in trading is make money and enough to live off which does require the use of a significant amount of capital. ETrade does n't teach you how to trade or what stocks to buy but that is where educating yourself and following the advice of experts like Paul Mampilly

If you are seeking to earn a full time income then I do suggest having a look at my top recommended program. 

What Are The Benefits Of ETrade?

There are a few stand out benefits that I did like about Etrade. Principally regarding ease of use and broad range of services and Rock solid security. 

Beginner Friendly

The whole world of finance and investing can be pretty complex at the best of times for non-professionals. Their platform and website is very easy to use and navigate around.  

ETrade - Very Beginner Friendly. #Investing. 

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The education centre I found to be a very well thought out HUGE plus As it the option to have your portfolio managed by a professional and allow you to be more hands off.  

The Range Of Financial Services

Some trading platforms stick to just a few "options" in th efinancial sector as far as trading goes. E*Trade offers you a "one stop shop" in this regards.

There is a whole range of stocks to trade from and from a variety of markets. There are also ETF, IRA's, Mutual funds, options, forex and many more. 

Tools

Every trader needs their tools. E*Trade has watch lists, tax advice, extended trading hours, interactive charts, real time quotes, a full on research centre for you to fully use before you trade.

Security

The most important part!. E*Trade are highly security conscious and have a very strong reputation in this area. E Trade have teamed up with digital security firm Symantec to provide you with a key fob sized device, a virtual digital security token which generates a brand new 6 digit pin number every minute and sync's with your account. No Match..No Access. 

How Does Etrade Work

your virtual digital security token by Symantec is your digital "keys". Great security. Solid!. 

The Pros And Cons Of Etrade

The Pros

The main plus points about E Trade are:

  • First Class Customer Support
  • Very User Friendly - The Tools are So easy to use
  • Wide range of investments to choose from 
  • Reduced commissions for regular trading
  • Extensive research tools
  • Mobile app for all devices.

The Cons 

What I did not like about E trade:

  • The commissions are pricey for low volume traders like me! 
  • Minimum balance required to have an active account.

Evidently this is not going to be a solid and reliable way of making money on a sustainable basis.

With Investment comes risk. 

My Top Recommendation will help you to make real money online in a sustainable fashion thanks to their proven method, system and first class training and far less riskier than investing. 

Swagbucks is also something that may be of interest to you. 

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Can You Make Money With E Trade?

Yes, you can make money with ETrade. I don't doubt it for a second, however much will depend on A) your ability as a trader or B) The ability of your advisor should you opt for one. 

If you are new and wish to get into the world of investing ETrader would be a good start, I would also suggest trying out one of the financial advice newsletters I mentioned earlier as they recommend stocks and give you trading strategies.

My Etrade Review - The Final Conclusion

While I am not a trader, I do invest in dividend paying shares and hold them long term (forever - they pay me a "salary"!) I have no particular reason to sell or buy. The only actual trading that I instruct my broker to grow my portfolio by means of reinvesting my dividend payment back into buying more stock. 

The price drops - great! I get to buy more! Price rises..I get to buy less - either way my holding in the company increases!. 

Best strategy for me is that exact one - there is a reason as why Buffet uses it!. Thus if you are not making frequent trades then you would be better off using another broker due to the cost of ETrader.

I do admit I do like Etrader! very good top notch platform but given I barely make double digit actions on a yearly basis...

I might use it if I get into penny stocks or options..but for my dividend paying stocks..no thanks.

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How I Make Money Online

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In fact...


I have managed to create and build a mid 4 figure passive monthly income and fully enjoy a life of travel to where I want and when I want and completely enjoy life and work when I choose to. 


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Derek Marshall

Hi folks, I'm Derek and like yourself, I was struggling along in the digital world, and yes I got scammed once or twice..but not thrice!. I noticed most of these low quality programs and methods like surveys and yes...most MLM don't teach you the process nor the skills of earning money online. If you are willing to put in the effort and take the time to learn the process and the skills then do Try My #1 Recommended Program FREE For 7 Days and get personal mentoring from me as part of your bonus!.

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