The steps for using ETrade for the first transaction are similar to those for any land-based financial institution. The main difference is that you can use ETrade to trade online rather than in person. You can use ETrade for your first trade anywhere you have an internet connection, and you don't need to talk to anyone or hear any selling points before or after the purchase. Your transaction costs may also be lower than those of traditional brick-and-mortar businesses.

It is essential to apply for a credit card to live in the United States.

CBS-News reports on five hidden credit card fee pitfalls and advises consumers to shop around for the most fair credit card.