why use programs like etrade to buy and sell stocks when you have all the information needed on the internet?

Question

I am currently trying to understand how the whole stock systems works how everyone buys them and sells them. And i was surfing internet to see what kind of information they have about stocks and stuff. And from surfing there are a lot of charts and news and "expert anaylsis" on the internet so why need such programs as Etrade and such?

Answer 1

You need to place your trade through a clearing house, and Etrade is a discount broker. You go through the broker, and the broker goes through the clearing house. No, you can not go directly through the clearing house, becasue you are not a finanical insituttion. And, as a benfit of being a client of Etrade and the such, they do extensive research and have much more information than an individual can find on the internet, and most importantly THEY CAN ADVISE YOU on what to invest in. LICENSED BROKERS are the only ones who can advise and charge for that service. That's all I'm going to tell you.

Answer 2

what the last person said about why you need to use e-trade or another service is correct in that it's the most efficient way to buy stocks.

but - they were wrong when they said they have more info than you can find on the net. you can find a tremendous amount of info - just as much or more than any particular trading firm has. such things as financial reports, analyst opinions, etc. are all easily available for any given public company.