Product Overview: E*TRADE Power E*TRADE
E*TRADE’s Power E*TRADE is a sophisticated yet user-friendly trading platform designed for traders who are passionate about navigating the complex world of financial markets. This platform is tailored to meet the needs of active traders, offering a comprehensive suite of tools and features that facilitate seamless and informed trading.
What Power E*TRADE Does
Power E*TRADE is an all-in-one solution for trading various financial instruments, including stocks, options, ETFs, mutual funds, bonds, and futures. It provides traders with the necessary tools to execute trades efficiently, analyze market trends, and make informed investment decisions.
Key Features and Functionality
Advanced Trading Tools
- Customizable Options Chain: Allows traders to quickly execute options orders, including complex four-legged spreads, using a customizable options chain view.
- Futures Trading: Enables traders to place and manage futures orders directly from the Futures Ladder, providing real-time depth of market views.
Technical Analysis and Charting
- Automated Charting: Charts automatically draw support and resistance lines and identify technical patterns, helping traders spot opportunities and understand market trends.
- Technical Studies: Offers over 145 chart studies and drawing tools, allowing traders to save their setups and trade directly from the charts.
- Enhanced Charting Experience: Includes robust drawing tools, embedded education, and more customizable features to enhance technical analysis.
Risk Management and Strategy Tools
- Snapshot Analysis: Provides risk-reward probability analysis for option trades, helping traders make informed decisions.
- Exit Strategies: Allows traders to set up exit strategies, including profit targets and stop-loss amounts, to limit risk and lock in potential profits.
Market Monitoring and Alerts
- Streaming Quotes and News: Offers real-time quotes, news, earnings, dividends, and other market data to keep traders informed.
- LiveAction Tool: Enables traders to scan the markets for unusual activity and volatility, set alerts, and create watch lists for their investments of interest.
Education and Testing
- Paper Trading: Allows traders to hone their skills and test strategies without risking real money, providing a safe environment for practice and learning.
Mobile Accessibility
- Power E*TRADE App: The mobile app is an intuitive and innovative platform that mirrors the web version, allowing traders to place trades, execute complex strategies, and monitor markets on the go. It includes features like interactive charts, technical studies, and preset scans to spot potential trades.
Additional Benefits
- Integration with Morgan Stanley: As part of E*TRADE from Morgan Stanley, traders benefit from integrated access to investment research and thought leadership based on over 85 years of experience.
- Educational Resources: Access to a wide range of educational resources, including webinars, online investing courses, and thematic investing sections, to help traders improve their skills and knowledge.
In summary, Power E*TRADE is a powerful and feature-rich trading platform that caters to the needs of active and sophisticated traders. With its advanced tools, comprehensive charting capabilities, and robust educational resources, it provides a comprehensive solution for navigating the financial markets effectively.