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How do you transfer funds from a brokerage account to a bank savings account?

By admin, on January 21st, 2012%

Question by Chris M: How do you transfer funds from a brokerage account to a bank savings account?
I’m very new to the world of trading (in fact, I haven’t even started yet).

Here’s my question:

Let’s say I sold some securities and made $ 2500. How do I get that cash from my online brokerage account (such as Scottrade) into my bank’s savings account?

Best answer:

Answer by heyteachCall Scottrade and tell them what you want to take out. If you call early enough in the day they’ll cut the check that day; if not it will go out . . . → Read More: How do you transfer funds from a brokerage account to a bank savings account?

One comment   Online Brokerage Account   account, bank, brokerage, from, funds, savings, transfer  

What is the difference between a trading account at a brokerage firm and opening an online stock account?

By admin, on November 18th, 2011%

Question by plip: What is the difference between a trading account at a brokerage firm and opening an online stock account?
Is there any difference between opening a trading account at a brokerage firm and opening an online stock account? If yes, what are the differences? (I am a complete rookie…. in need of your help)

Best answer:

Answer by Clive LThere is no real difference between a trading account at a brokerage firm and opening an online stock account except in the way in which you trade. With the first mentioned account you would communicate via the telephone . . . → Read More: What is the difference between a trading account at a brokerage firm and opening an online stock account?

2 comments   Online Brokerage Account   account, between, brokerage, difference, firm, Online, opening, stock, Trading  

Online Securities Trading In India Brings Down Brokerage Prices

By admin, on November 17th, 2011%

Online Securities Trading In India Brings Down Brokerage Prices
All you need to do is sign up and choose a broker who gives you what is known as the trading platform. Then proceed to create a demat and trading account which you have to connect with a bank account. Most importantly, you will require the internet facility to trade online.

Online securities Trading in India brings down brokerage prices, since technology has made it possible for the investor to check their stocks themselves, they do not need the services of a broker. This has made the . . . → Read More: Online Securities Trading In India Brings Down Brokerage Prices

Leave a comment   Online Brokerage Account   Brings, brokerage, down, India, Online, prices, securities, Trading  

The Wonders Of Online Currency Trading

By admin, on November 13th, 2011%

The Wonders Of Online Currency Trading

Article by J. Foley

Without a doubt, the most significant impact to have occurred on the foreignexchange market in the past 20 years has had little or nothing to do with foreigncurrencies themselves – it has been the advent of first computer technology andthen the Internet. Prior to both these technological breakthroughs, profit takingfrom currency trading was the sole realm of large institutional investors. Today,thanks to both of these online currency trading means everyone has the chanceto make a profit from FOREX trading.

Hardware needed to start online tradingIf you are interested in . . . → Read More: The Wonders Of Online Currency Trading

Leave a comment   Online Brokerage Account   Currency, Online, Trading, Wonders  

If I open an online brokerage account, how do they charge me?

By admin, on November 1st, 2011%

Question by SolidSnake: If I open an online brokerage account, how do they charge me?
Hi I would like to open an online brokerage account just to invest in company stock, i.e.: Apple, Sony, Nike, etc.

I was wondering how does an online brokerage such as E*trade or OptionsXpress charge you?
Do they charge you monthly or is it only a one payment of $ 9.95 like it says on the homepage? Or is it free to open the account, just everytime you sell your stock it would cost me $ 9.95?

Please explain to me how much money . . . → Read More: If I open an online brokerage account, how do they charge me?

Leave a comment   Online Brokerage Account   account, brokerage, charge, Online, open, they  

I have some free cash in an online brokerage account. What should I invest in?

By admin, on October 30th, 2011%

Question by Slick: I have some free cash in an online brokerage account. What should I invest in?

Best answer:

Answer by butterfliesRfreeMe cuz I’m worth it. Oh…..and I could really use it. LOL

What do you think? . . . → Read More: I have some free cash in an online brokerage account. What should I invest in?

7 comments   Online Brokerage Account   account, brokerage, cash, FREE, Invest, Online, should, some  

What are the best providers for opening a brokerage account and making transactions online?

By admin, on October 28th, 2011%

Question by LadyDragon: What are the best providers for opening a brokerage account and making transactions online?
I live in a foreign country so all my transactions need to be online but some of the fees that providers charge seem excessive. I am wondering about others’ experiences and reccomendations for such accounts… and is it better to do it through a brokerage firm, a bank or another provider?

Best answer:

Answer by spdtania_2000Fees for what?

Are you planning to trade stocks and options, etc.? If so, then obviously you have to use a brokerage. Most of them are very competitive . . . → Read More: What are the best providers for opening a brokerage account and making transactions online?

2 comments   Online Brokerage Account   account, Best, brokerage, making, Online, opening, providers, transactions  

If i have 10k in a online brokerage account, can i buy and sell the stock the same day?

By admin, on October 23rd, 2011%

Question by James: If i have 10k in a online brokerage account, can i buy and sell the stock the same day?

Best answer:

What do you think? . . . → Read More: If i have 10k in a online brokerage account, can i buy and sell the stock the same day?

2 comments   Online Brokerage Account   account, brokerage, Online, same, sell, stock  

Getting an Online Brokerage Account!?

By admin, on October 17th, 2011%

Question by ag86: Getting an Online Brokerage Account!?
I am thinking about getting an online brokerage account. I was considering Scottrade, but what are the requirements to open an account. I was going to open an account and it took me to a page that says that I need to provide certain information. I was particularly wondering about the employment information that they want, because I am currently not employed. Do I have to be employed in order to open an account?

Best answer:

Answer by J. SpicoliNo, it’s no different than a bank account. You don’t have to be . . . → Read More: Getting an Online Brokerage Account!?

One comment   Online Brokerage Account   account, brokerage, Getting, Online  

Things To Consider Before Selecting An Online Broker

By admin, on October 11th, 2011%

Things To Consider Before Selecting An Online Broker

Article by Joseph Kenny

Today, most of the stock transactions are being conducted online. It has become very important to select a good online broker, based on specific investment needs and preferences. The number of companies offering online brokerage services has increased over the years, making it very difficult to select the best online broker. Listed below are some of the features of online brokers that you need to consider before selecting one:

Complimentary services

If you are new to stock investments, opt for an online broker that offers complimentary services, such . . . → Read More: Things To Consider Before Selecting An Online Broker

Leave a comment   Online Brokerage Account   Before, broker, consider, Online, Selecting, Things  
 
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