Review of brokerage online::How to Become a Stock Broker
Review of brokerage online::How to Become a Stock Broker
If you have a Well's Fargo banking account following are a few tips as to why online banking with them is so beneficial, and how and where you can go to sign up for their online banking services. There is definitely a long list of things that you can do with Wells Fargo online banking. You can monitor your account activity, check your online statements, set your account up to alert you via cell phone or email, pay bills, view account balances, and much more. In order to get started using the Wells Fargo Bank online service you will first need to sign up. In order to do so you will need to have a bank account with Wells Fargo Bank. Once you have an account with the bank you can visit their website at www.wellsfargo.com and fill out the enrollment form. You will have to create a unique username and password that you can use to login to your account. Remember to be creative when it comes to your username and password. In order to complete the online form you will also need your social security number, your ATM pin number and of course your account number. If you are a little worried about safety, than you should make sure that you have a secure internet connection which can be obtained by purchasing additional security software. The Wells Fargo Bank also has very good security features to help ensure that your information stays private. One feature that they include with their online banking that other backs may not is that Quicken and Microsoft Money users can use the software while performing their online transactions. There is a fee for using this service of $3 a month. This will allow you to use the software to make transactions and access your account. When it comes to your bill pay it I free as long as your bank account qualifies. Make sure that you take the time to read through the list of eligible and qualifying account information. If your account is not eligible than you can expect to pay a small fee, if you still want to use the bill pay option. Another features than they offer with the online banking is online brokerage. You would be able to keep close track of your investments and even speak with a financial consult based on your needs. You can also view images of checks that have been cashed. This is definitely one feature that comes in handy if you happen to have a problem or dispute about a particular check. The Well's Fargo Bank online service also offers you free online spending reports, and a saving's plan. With their savings plan you will be able to save up money faster than you have before. All of these services you will need to sign up for after you have enrolled in the Well's Fargo Bank online banking. In order to use the Wells Fargo Bank Online service you will need to meet the following software and hardware requirements. To quickly see if your computer meets the requirement you can take the browser test. This test is both for MAC users and PC users. If your browser does not meet the system requirements just follow the instructions given to get the browser you need downloaded to your computer. You will also need to have the Adobe Acrobat Reader version 4.0 or later. You should also make sure that any PDF document that is opened is deleted from your desktop if you are using a MAC, or from your cached files if you are using a PC. Online Banking with Wells Fargo Bank will definitely make keeping account of your money a lot easier. They are also always upgrading and adding new features for their online banking members. |
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Labels: Best Discount Brokers 2013, Best Online Trading Site for Beginners, Compare Online Brokerage Firms, Online Broker Comparison Chart, Online Brokerage Account, Online Brokerage Services, Online Trading, Wells Fargo Online Brokerage
Review of online stock trader::3 Great Stock Trading Software Platforms
Review of online stock trader::3 Great Stock Trading Software Platforms
Trading stock has always had one fly in the ointment for the low dollar trader: the cost of commissions. Online brokerage houses solved the problem of the high commission by offering low cost stock trades that ranged from $3 to $12. Today, several brokerage houses have done even better with commission-free trades. Their stipulations and your circumstances determine whether no commission stock accounts are truly free. Online brokerage accounts started with the first trade in 1983 when a dentist from Michigan made the first online trade with Trade*Plus, a company that eventually became E-Trade. When the competition for your business began to grow in the 1990s, many online brokerages lowered their rates to secure your business. They fought harder for business, and companies like Zecco.com, Bank of America and Wells Fargo began to offer commission-free trades. The no commisssion stock account free trades vary from 10 per month, 30 per month or your first 100 trades. Free trades at Wells Fargo and Bank of America are available to those who meet certain requirements. Bank of America offers 30 free trades per month for those with a combined deposit account balance of $25,000. You can use 10 percent of your credit balance to make up the $25,000 with Wells Fargo for the first 100 free trades. Watch out, they do charge much higher for stocks under $1.00. If your balance drops, the cost of the trades skyrockets. Zecco requires a balance of $2500 per month for 10 free trades per month and charges a reasonable price for further trades. You might see some Google ads on Zecco, one of the free trade sites. They derive some of their income from placing the ads on their website. They aren't plastered everywhere and the ads don't interfere with trading, so it's barely noticeable and does help defray the cost of free trades and lower cost trades after you use the free ones. See if you get the highest interest rates on your cash on hand or your banking relationships. If you keep a lot of extra money in your brokerage account in a money market account, you might be losing more than you gain because of the lower interest. Also, check the interest on your bank accounts and loans that you use to maintain the relationship. If you pay higher interest on loans or receive lower interest on savings than you get elsewhere, you pay for the free trades and relationship. A 1 percent difference on the $25000 minimum is $250 per year. Once you use all the free trades, you pay two ways. One is in lower interest on your money and the other is for the trade. Calculate your average return and see if it pays to get a free trade. The brokerage houses find other ways to make money on the accounts. Zecco offers free premium tools for the first two months and then if you want to continue with them, you pay a premium service. Make sure that the brokerage site that you select offers all the tools you need for trading, calculate them into your cost if you want to go for low cost stock trades or no cost stock trades.. Watch out for the transfer fees. If you find that you don't like the no-commission trading accounts, it costs you to move. There are fees for changing brokerage houses that vary, but often are around $50. Before you open the account, you need to check all the costs on the account and keep the thought of longevity in mind when you open it. Some companies charge semi annual fees if your account or relationship drops below a specific amount. An inactivity fee for many traders is important so don't overlook it if it's part of the no commission stock trading account. Look for a brokerage house that offers the most economical package for your trading style and don't be seduced by the word free. |
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Review of online trading broker::How to Buy and Sell Stocks
Review of online trading broker::How to Buy and Sell Stocks
While hanging out on some random money making forum I ran across one user who suggested we all try out a certain FOREX website and bragged about how he had made one-hundred dollars in a month. While I knew trading against the FOREX, or Foreign Exchange Market, was hot at the moment I had never actually ventured to any of the many websites. Always the cynic, I thought I would check this particular website out. This particular FOREX site seemed like many other dodgy money making websites with generic stock photos, limited time reduced sign-up fees and promises to pay. Without knowing anything about the ins and outs of FOREX sites, it sounded like a good deal but since I had seen so many poorly-written FOREX ads around the Internet I decided to dive in a little further. I went to a link on the homepage which said, "Withdraw" and I was prompted to open a MS Word document. Right then red lights started going off in my head. In order to collect your money you had to list your personal information, all of your bank account information and then fax it off to a number in the British Virgin Islands. Anyone who is Internet savvy would know not to send this information over an unsecured website, let alone to some random fax number. This finding led me to do a little more research on this online FOREX phenomenon and the results were less than promising. Most FOREX trading websites I ran across seemed on the up and up on first look but many of them required personal bank account information to be mailed or faxed to a nondescript address or phone number. I quickly noticed that most of these websites did not originate in the United States and all of the FOREX ads I've seen lurk around websites commonly visited by foreigners, especially Indians for some reason. These scam artists seem to be targeting those from other countries who try to use the Internet to make a quick buck. Online money making forums are stacked with foreigners who sincerely think they just struck gold in FOREX and try to get others to join in without doing the basic research to see if the operation is legit or not. The best way to play the FOREX market is to avoid online trading websites. If you are serious about investing in the FOREX, hiring a broker is your safest bet, although stay away from any broker who claims FOREX is a safe way to invest because it is in fact very risky. Also stay away from those who say you can make $1000 every week. Regulation of legitimate FOREX trading falls under the Commodity Futures Trading Commission (CTFC) and are protected by familiar organizations such as the FDIC (Federal Deposit Insurance Corporation) and even the Federal Reserve just to name a few. The CTFC first became aware of FOREX scams back in 2000. They promptly published a Foreign Currency Trading Fraud Advisory, which teaches the public what key words (mainly hyped-up phrases to lure people in) to look out for and where they can go to check out or report a fraudulent website. This advisory can be found online at: http://www.cftc.gov/opa/enf98/opaforexa15.htm . FOREX scams seem to target foreigners more than Americans as scammers will place FOREX ads in foreign newspapers and they are heard on radio ads in poor areas, but with the popularity of pay-to-click and pay-to-read (PTC and PTR, respectively) websites, the scam is starting to spread to innocent Americans looking to make a quick buck online. The best rule of thumb remains, "If it sounds too good to be true, it probably is." |
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