What are the eligibilities and how to trade in NASDAQ, DOW JONES through online for non-US citizens. Explain in details.
2006-11-08 12:41:07 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
No real problems unless you live in Iraq, North Korea, Nigeria, Zimbabwe or Burma (ie: places where the US government considers there are illigitimate regimes or no proper control of money laundering.
If you live elsewhere just open an account with a local broker that offers trading in US stocks. Alternatively you could go to Ameritrade and open an account (www.tdameritrade.com). I have used them for US trading for a few years now, they have always been excellent and only cost $9.99 per trade.
You will have to sign a W8-BEN form (a declaration for the US tax authorities) and market data agreements for the NYSE and NASDAQ. Then you can start trading.
2006-11-09 00:21:42 · answer #1 · answered by popeleo5th 5 · 0⤊ 0⤋
You do not need a green card or any form of citizenship to have an US online trading account. There are a lot of online brokers that accept accounts from foreigners and amongst them, my favourites are :
www.optionsxpress.com and www.thinkorswim.com
After your trading accout is opened, simply buy an ETF called QQQQ which tracks NASDAQ and/or an ETF called DIA which tracks the Dow.
I am a Singaporean and have benefitted from trading in the US markets for years and I still teach my students how to do that from my website at http://www.mastersoequity.com .
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2006-11-08 15:04:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Penny Stock is a good way to make high profit. Check this websites http://penny-stock.keysolve.net
In the case of many penny stocks, low market price inevitably leads to low market capitalization. Such stocks can be highly volatile and if you have the right information it's very easy make a lot of money!
2014-10-09 19:21:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋