Noob question about brokerage

• 19 August 2007

• #1

H

hbk2015

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Got a query as Etrades brokerage fee of 32 dollars is that per trade (buy or sell) or is it for a certain amount of trades. So if I bought and sold I would need to at least make over 64 dollars to get any kind of profit. Am I right in my understanding?

 

• 19 August 2007

• #2

C

Crafty

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Re: Noob question

Correct.

 

• 19 August 2007

• #3

H

hbk2015

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Re: Noob question

hmm ok thanx for the help. Just wondering how people do this for a living haha, if you need to have your stocks on the market for quite a bit of time to make any kind of profit

 

• 19 August 2007

• #4

N

nioka

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Re: Noob question

hbk2015 said:

hmm ok thanx for the help. Just wondering how people do this for a living haha, if you need to have your stocks on the market for quite a bit of time to make any kind of profit

Click to expand...

1c by 100,000 = $1000 10c by 1,000 = $100 It is a case of turnover. However a loss is the same and a large percentage of traders lose money as do most punters at the races,

 

• 19 August 2007

• #5

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ta2693

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Trader is the hardest job in the world.
But there are indeed some ppl make living on it.

 

• 19 August 2007

• #6

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juw177

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But then etrade is probably the most expensive online broker if your trades are going to be <$10000. Not to mention they are unreliable too.