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.
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