TD Ameritrade Continues To Make Money Moves
TD Ameritrade has a history of being first in its field. TD Ameritrade was the first to trade over touch-tone phone, the first to trade over the internet and the first to offer mobile device trading.
In December of 2017, TDAmeritrade, became the first financial services firm to offer approved clients access to bitcoin futures contracts. Then in January of 2018, TD Ameritrade became is the first U.S. retail broker dealer to enable investors to access equity markets all night long.
TD Ameritrade clients could now buy or sell select popular ETFs, such as SPY, EEM, GLD, SLV, DIA, UNG, TLT, IWM, QQQ, USO and certain company stocks like Apple and Amazon from 8 p.m. ET Sunday to 8 p.m. ET Friday. But the move to trade around the clock was also to ease retail traders into the idea of trading cryptocurrencies 24 / 7.
Then last week, TD Ameritrade announced an investment in ErisX, the cryptocurrency spot and futures exchange. Eris Exchange, a Chicago-based derivatives market, is opening a cryptocurrency market that will let investors trade Bitcoin, Ether, Bitcoin Cash and Litecoin, as well as futures contracts on cryptocurrencies.
NOTE: Coinbase only offers spot trading of bitcoin.
Also, last week TD Ameritrade launched its Content Intelligence Platform (CIP), becoming the first in the financial services industry to design a CIP specifically for financial education. The platform leverages artificial intelligence (AI) to provide customized learning experiences for clients utilizing their nearly 500 videos, 7 courses and more than 2,000 articles. CIP will learn clients’ preferences and suggest related articles and videos.
TD Ameritrade is clearly giving their customers what they want and deterring them from going elsewhere. There is also upside for TD Ameritrade as well. Coinbase reportedly made $1 billion in revenue in 2017. Binance Expects up to $1 Billion Profit in 2018. So will the innovation turn into cash for TD Ameritrade as well, lets go to the monthly charts for clues?
TD Ameritrade has been making low highs (based on the upper candle wicks), but the chart suggest price will react to the 21 EMA and/or slow down between $48 - $52 due to the two boring candles in aqua.
However, I think the better set-up is to wait until price reaches the demand zone at $44. If and when price reaches $44, one needs to assess the market conditions at that time before considering going long.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
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by rollandthomas
Great moves for a great platform! My first investment account was with Ameritrade but decided to move on when TD acquired it. May need to look into it again...
My IRA account is with TD Ameritrade and the only thing I knew before doing the research was the trading 24/7. I need to checkout their educational content.