Description: The article is about etrade login. The author gives an introduction on how to open a brokerage account and how to trade on that brokerage. The article also includes a part about how to buy the stock you want after you create the brokerage account.
Buying stocks is very easy. Now I’m going to show how you can open a brokerage account and how to trade on that brokerage. I’m going to etrade. Opening a brokerage account is like opening a bank account. Some of the things you need is proof of address. This is usually a utility bill. If you don’t have a utility bill for yourselves with your name on it,you can have the person who pays the utility bill. You can sign it and state that you reside there.
You’re also going to need your date of birth,social security number or employer identification number. The brokerage needs to identify you so need to provide your own address and employer name. You can also put student which is what I put. I made it an individual account. This is for one person. You can have a joint account which is literally what it sounds. It’s a joint account.
There are two people on it who can both trade. There’s a custodial account which is for people under the age of 18 or 21 in some states. Custodial accounts are also cool because there’s no minimum deposit required for them. If you’re under 18 you can have a custodial account. I’m new to etrade. I’m going to put my name which is firstname.lastname@example.org.
This is going to ask your information here such as your address,your phone number. You’re going to have to put your social security number down. I am going to try a random one. It is going to ask for employer information. If you are employed then you can put your occupation and you can also put student which is what I put. I am a college student.
Then you’re going to create your investment profile which is how much money you make,what your net worth,how do you invest,are you going to do long-term investing or day training,what kind of investment objective do you have growth or income. Once you fill this out then it is done. You can send in the documents for proof of residents. They might ask for your driver’s license.
You have to identify yourself and have your own address proven. It’s simple to open a brokerage account in the United States. I’m not sure how it is internationally but I’m going to look into it and going to see how I can make a video to show how to open brokerage accounts in other countries. We’ll start with this. Opening brokerage account is easy. I have options house.
Options house is another brokerage that was acquired by etrade. My brokerage is going to go into etrade and all my securities are going to go into eTrade. I’m not going to make a new etrade account because my current account is actually moving into it. I’m going to show you how you can trade and buy stock.
Buying stock is simple. On this platform there’s a trade button. You can click that. I can put in what I want to buy. I’m going to buy Netflix. This is where you pick what kind of security or derivative you want to buy. They have a lot of options. This is options house. We’re going to buy stock. This is your position. This is how many shares you have. I have5.
We have the bid. The bid is what people are willing to pay to buy the share buy a single share. The ask is what people are willing to sell the single share. It works like an auction. I’m going to show you here. We have the action which is either buy or sell.
Now I want to buy and I want to buy a hundred shares because I’m filthy rich.When you choose to put in an order,you need to be around the middle. If you’re paying you need to pay last for the share. If you’re selling,you need to get more for it.
But if you run the middle you can compromise to get the share as soon as you can. There is the price type. Market is buying at the highest price. Limit is choosing your own price. I can bring it to the midpoint. That’s one hundred sixty two dollars and 20 cents. I can put in $100. I’m not going to get 100 shares at $100 because no one’s selling it at $100. I have to be around the midpoint.
The reason you do the midpoint is to get the order quickly because sometimes the stock can jump high. You may miss it because your order didn’t sell right away. You don’t even pay attention to automation. You don’t need to pay attention to a special handling. You should pay attention to the duration because this is how long your order will sit until it is filled. Filled means the hundred shares is in your account. Day means you put the order in and it will be there for the entire day until it gets filled.
There are others that you can do. I recommend for now. At estimated amount you will spend 16,000. This is how much you’re paying for the hundred shares. Here’s also a description of it. There are our options house. You have this snapshot analysis. I’m not sure if any other brokerages have it. This is showing your risk profile. Your risk profile is seeing how much profit you can make and how much you can also lose.
When you buy stock you can lose infinite as in the stock can go to zero and you can make infinite as in the stock can go as high as it can. That’s why it shows max profit infinite here. You don’t have a probability. With options you will have a probability because there’s usually a set limit to how much you can lose or a set limit to how much you can make.
Now back to our order ticket. After we put in what we want to buy it out,how many shares you want to buy and what stock we want to buy it,we will click the per deal. It’ll give you a rundown of what you’re paying for. The debit is how much I’m spending and then there’s the Commission and this is how much total I’m spending. This is why I have this morning.
This will show you how much money you have left to spend. Then you can click Send and you will buy the stock. When you buy it,it’s going to put an order here. It won’t be filled until someone wants to sell a stock at the price that you are buying it for. That’s how you buy stock. It’s simple.
You can open a brokerage account in the United States. You’ll use your social security number,proof of residence and your employer information to open brokerage. You can fund your brokerage account and then you can choose what stock you want to buy. I hope you liked it. For any international people who don’t live the United States I’m sure brokerages work similarly in your country. I’d also want to check out any other laws around it because I’m not sure how it functions internationally.