Does the stock broker commission fee of $4.95 cover both BUY and SELL or would it be twice the amount of $9.90?
★ SUMMARY ★
Let’s take a look at these commissions. Typically one trade or one transaction is where you pay the commission. Each time you use a service and go to a restaurant to buy some food, you have to pay something.
In the stock trading world, you are using the broker’s service each time you need to trade and send in an order to the trading world, and make that trade. So they make it possible for you to connect to the world and fulfill your trade, otherwise back in the day you would have to run around and find someone in the city that would want to buy your stock.
Nowadays you don’t have to do that, but you do pay a fee for this kind of service. That means you pay once to buy and also once to sell.
Posted at: http://investinghelpdesk.com/76-commission-fee-4-95-cover-buy-sell/
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From 1995 to 2002, I was a very active, very good trader. I became very ill in 2005. Two months ago I resumed trading full time in a TD account I funded with $30,000. Thankfully, I’m still very good. The tools are far better and reliable. I’m patient and disciplined; always! For the past 20 trading days I’ve averaged $470 profit after commissions and fees. Additionally, over this 20 trading day span, I’ve averaged 25 individual transactions (trades, as defined by you) each day with 14,000 shares bought/sold on average each day. My worst day was ($1,200), my best $2,300. Q. What kind of leverage do I have to negotiate a lower trading cost???
What about investing on the long term, for example i will look to buy and hold some TSLA shares, am I going to be charged daily ? because i know some brokers do it, with those brokers you just pay 5 dollars for open and close and that is it ?
he said "ca founder" ?
hey Sasha, i got a question, do they charge me a fee for every share i buy like let's say i buy 10,000 shares of penny stocks do they take from each share and another question when i buy shares and hold them for days weeks even months do they charge me daily for holding a stock … pls let me know this would be very helpful
Sasha, what do you think about Robinhood? no commission platform.
Hi Sasha since you're talking about commissions, which is best options brokers out there? I don't want to make the mistake of choosing a broker with good commissions but bad software platforms. thanks!