What are the pluses and minuses of using ETrade Global Trading?
Tuesday, September 8th, 2009 at
11:00 pm
excusessme asked:
E-Trade’s Global Trading Account, https://us.etrade.com/e/t/investingandtrading/globaltrading, allows US customers to convert US currency to 5 other local currencies and trade stocks at those exchanges. Why would you want to do that if you can buy ADR from US exchanges? What are the benefits or drawbacks in using such Global Trading accounts? What is the gotcha, if any?
E-Trade’s Global Trading Account, https://us.etrade.com/e/t/investingandtrading/globaltrading, allows US customers to convert US currency to 5 other local currencies and trade stocks at those exchanges. Why would you want to do that if you can buy ADR from US exchanges? What are the benefits or drawbacks in using such Global Trading accounts? What is the gotcha, if any?
Tagged with: Currencies • Etrade • Global Trading
Filed under: Forex
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Say you make profit in Euro, then in your country the exchange rate against the local currency will be higher comparing to US dollar.
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