Okay I have been watching the markets and a few particular stocks, I am very new to this and I am wondering if I am on the right track.
On ASX watch list I purchased a few imaginary stocks, now I purchased them at $3.70 and yesterday after what looks to be heavy trading, the price went up $3.85.
If I had a 1000 share's amounting to $3700 and decided to sell them at $3.85, an amount of $3850, I would have made a profit of $150.
After taking way a brokerage fee of say $30, would my end profit be $120 ?
So basically i'm asking if brokerage fee would be that set amount and would their be any conditions other than that, to make the profit of $120?