Get started with Scottrade stocks today and you’ll be on your way to making a profit. With Scottrade, you have access to great resources and tools that will help you make informed decisions about which stocks to buy and sell.
You can also take advantage of Scottrade’s competitive rates and fees to save money on your transactions. So why wait? Start trading today and see your profits grow.
Scottrade is a U.S.-based discount brokerage firm that offers an online trading platform for self-directed investors to buy and sell stocks, options, exchange-traded funds (ETFs), mutual funds and bonds. Scottrade also provides banking services including checking, savings and loans.
Scottrade was founded in 1980 and has grown to become one of the largest online brokers with over 500,000 active accounts and $6 billion in client assets as of February 2014. The company is headquartered in Town and Country, Missouri, a suburb of St. Louis. Scottrade offers its clients a variety of resources to help them make informed investment decisions, including:
- Online trading platform
- ScottradeELITE, a premium online trading platform for active traders
- Research from third-party sources such as Morningstar and S&P Capital IQ
- Education center with articles, webinars and seminars
- Mobile trading app
How To Buy Stocks on Scottrade
Once your account is open, you can begin researching stocks using the resources mentioned above. When you have found a stock that you would like to purchase, you can place an order through the Scottrade online trading platform or mobile app.
Scottrade offers several different types of orders, including market orders, limit orders and stop-limit orders. Market orders will execute at the current market price, while limit orders allow you to set a maximum or minimum price at which you are willing to buy or sell the stock. Stop-limit orders combine features of stop orders and limit orders, allowing you to set a price at which your order will be triggered as well as a maximum or minimum price for the trade. Once your order is placed, it will remain active until it is executed or you cancel it. You can view the status of your open orders and trade history in the My Accounts section of the Scottrade website or mobile app.
What is a Good Stock to Buy on Scottrade
There is no one “good” stock to buy on Scottrade, as each investor’s goals and objectives are different. However, some investors may find stocks such as Apple (AAPL), Amazon (AMZN) or Google (GOOGL) to be good choices, based on their strong financial performance and growth potential.
Others may prefer to invest in up-and-coming companies with high potential for future growth, such as Tesla (TSLA) or Netflix (NFLX). Ultimately, it is up to each individual investor to research and decide which stocks are right for them.
How to Research a Company Before Investing in its Stock
Once you have selected a few companies that you are interested in, it is important to do your own research before investing. This includes reviewing the company’s financial statements, reading analyst reports and news articles, and attending investor presentations or webinars. You can find most of this information on the company’s website, as well as on third-party financial sites such as Morningstar or Yahoo Finance.
When you are ready to start investing, Scottrade can help you accomplish your goals. With our competitive rates and fees, ample resources and convenient platform, we are ready to help you take your investing to the next level.
Tips for Keeping Your Investments Safe
When investing, it is important to remember to diversify your portfolio and not put all of your eggs in one basket. This means investing in a variety of different asset classes, such as stocks, bonds, mutual funds and ETFs. This helps to reduce risk and ensures that you will not lose all of your money if one investment goes bad.
It is also important to remember to keep your emotions in check when investing. This means not letting greed or fear drive your decisions, and instead making rational, informed choices based on your research. If you are ever unsure about a decision, it is always best to seek the advice of a financial professional.