TD Easy Trade simplifying trade
Trading at a glance might seem like an easy niche to engage in. However, becoming a trader demands specific acquired skills and knowledge, especially the timing of trade and the analysis of stocks, that is, to understand when the right time is to trade and the price and intrinsic value of stocks. The trading markets have grown exponentially over the past half-decade, and people face the dilemma of what trading platform could provide a promising journey in their trading endeavors.
Numerous online trading platforms (sometimes referred to as online brokers) in different countries worldwide have established systems that facilitate purchasing and selling of stocks and other assets. In Canada alone, there are many multiple online trading platforms in operation. However, in this article, we will look at one of the new trading platform extensions of one of the top 10 online brokers in Canada called TD Easy trade;
· What is it about
· Its affiliation
· Its features and benefits
· How it facilitates effective trading and Forex
· The advantages it provides for both beginner and expert traders/ investors
What is TD Easy Trade?
TD is the abbreviation for Toronto-Dominion. TD Easy Trade (formerly TD GoalAssist) is an attribute of one of the largest online brokers in Canada today called TD Direct Investing. It was formerly known as TD Greenline, a division of TD Waterhouse, a subsidiary of Toronto-Dominion Bank. It was the first bank-owned self-directed brokerage in Canada.
TD Easy Trade, as part of the service provided by TD Direct Investing, aims at aiding novice investors in launching their investing careers while simultaneously learning the basics of investing. It also focuses on simplifying the trade experience of both intermediate and expert investors with its easy and manageable mobile app.
How does it function?
All the service provided by TD Direct Investing is implemented in TD Easy Trade using their mobile app. The mobile application's whole purpose is for convenience and easy accessibility. This Idea came about because of the rise of ‘do-it-yourself’ trading, especially in people with no background in financing and trading.
Some of its provided trade services for investments include stocks, Mutual funds, GICs (Guaranteed Investments Certificates), ETFs (Exchange Traded Fund), and Options. More importantly, the process of placing trades is made easily accessible by utilizing its three simple methods:
1. Quick launch menu
2. Trade Card
3. Goals card
For instance, the Quick launch menu- Facilitates the launching of trade tickets anywhere and anytime. When doing market orders (fill your request at the going rate) or limited orders (specifies maximum buying prices and minimum selling prices of shares) and even extensive directives which prevent significant losses on trades.
Features and benefits
TD Easy Trade provides the service of Learning Centers, Goal-assist, and e-Service funds. Their learning centers are focused on educating clients in their investing journey. To which they provide
- Video lesson- with courses for beginner investors, Portfolio management, and WebBroker Essentials
- Masterclasses- including interaction with instructors to guide you
- Webinars- includes special guest speakers and industry specialist
The TD Easy Trade, Goal-assist, and e-Service funds services are targeted in helping you track your performance to meet your goals and assisting one build a diverse portfolio by commission-free assets which are cheap and convenient.
The goal assist feature helps you set goals by sketching out, tweaking, and adjusting your investing plans and witnessing your goals grow into fruition. As part of its service, TD Easy Tarde offers multiple one-click ETF portfolios, which assemble for you an automated portfolio into a single investment.
At the moment, clients who don’t have any banking affiliations with the TD Canada Trust don’t have the accessibility yet to add money to their accounts. However, this feature will launch a couple of months from now.
Getting started with TD Easy Trade?
TD Easy Trade simplifies the trading and investing venture and enables non-experts with little to no background in trading to embark on their trading journey. The TD Easy Trade mobile application reduces technical jargon and procedures and assists you in making your buy and sell stocks and ETFs in seconds.
Getting a TD Easy Trade account would mean downloading the mobile app for usage since it doesn’t have a website. You can start your trade just with a tap of your finger. Keep tabs on essential investments and create your watchlist to monitor the performance of stocks and ETFs.
TD Easy Trade and currency exchange
Easy Trade provides a space where clients may have the accessibility to a U.S dollar account, meaning to say you can buy and sell stocks and other assets without the hassle of having the automatic conversion of proceeds into Canadian dollars, especially at a demanding cost. A service that mirrors other platforms like RemitBee, saving you thousands and even millions of fees and exchange rates.
The opportunity and advantages that TD Easy Trade offers as of today are of significant value to any investor, novice, or expert. Furthermore, it is still subject to more features to make trading more convenient.