Forex broker’s fees and commission guide: How they work ...

Need advice on which online broker to use. Please advise!

I want low cost trades, currently use Edward Jones and get raped. I started with EJ because I started a Roth there, and will keep it there. It just is not good for short term trading.
I want my money to be quickly accessible so I can disengage it / Reengage it to capture gains/avoid losses. I would want lowest fees. I don't mind commission per trade being around 10 bucks, so the 5-12usd range is fine. I ONLY do straight stock trades. No options/mutual funds/forex I think... as I am a newbie.... I would also need easy documentation for tax purposes. This will be my first year paying capital gains/loss on my trading activity. I want that to be as smooth as possible. I will be getting a CPA for taxes this year, previously used TurboTax and did it myself.
I will have between 2500-10000usd in the account. I do some light day trading. (1-2 trades max a day, usually 1-2 trades every 1-2 weeks, AKA not a lot but still in short term range.)
I started because of the following reasons. I have a B.S. in International Economics from Texas Tech. I invest in E&P companies. I have four years experience working completions[frac jobs] in the oil industry, primarily the Permian Basin/Midland-Odessa of Texas. I have a lot of time on my hands while at work that doesn't interfere with my work quality and I can still watch/act on the market movements.
So far I think TradeKing is my best bet but not sure. Maybe Cobra Trading
Any advice is welcome!! Please help!
Hoping this was the right subforum, also posting in Investment
e: I have robinhood but was told it took 2-3 days for funds to clear trades. This doesn't work for me as sometimes I enteexit on the same day.
e2: I am going to be calling a good friend with 4 years experienced for JP Morgan today to clear up some confusion I believe is here due to terminology. Will update thread when I can more clearly explain myself.
I looked up margin accounts, PDT, and margin trading. As far as I know, I am not a margin trader, I do not trade on margin, nor have I done so. I have the cash backing up all trades I made. All trades I made/make have the equity/cash inside my brokerage account to back them up.
e3: I have a cash account, I want to stay cash account. PDT will apply to me. I do not have the funds to enter into margin trading nor the desire.
I am probably just needing to decide between tradekings and tradestation. They all seem the same cost wise just need to look into their tools and layouts and which one I enjoy.
Thanks for the help everyone.
submitted by Snapta to stocks [link] [comments]

I need advice on which brokerage is best for me, PLEASE HELP

I want low cost trades, currently use Edward Jones and get raped. I started with EJ because I started a Roth there, and will keep it there. It just is not good for short term trading. I want my money to be quickly accessible so I can disengage it / Reengage it to capture gains/avoid losses. I would want lowest fees. I don't mind commission per trade being around 10 bucks, so the 5-12usd range is fine. I ONLY do straight stock trades. No options/mutual funds/forex I think, as I am a newbie, that I would also need easy documentation for tax purposes. This will be my first year paying capital gains/loss on my trading activity. I want that to be as smooth as possible. I will be getting a CPA for taxes this year, previously used TurboTax and did it myself.
I do some light day trading. (1-2 max a day, usually 1-2 every 1-2 weeks, AKA not a lot but still in short term range.)
I started because of the following reasons.
  1. I have a B.S. in International Economics from Texas Tech
  2. I invest in E&P companies
  3. I have four years experience working completions[frac jobs] in the oil industry, primarily the Permian Basin/Midland-Odessa of Texas
  4. I have a lot of time on my hands while at work that doesn't interfere with my work quality and I can still watch/act on the market movements.
So far I think TradeKing is my best bet but not sure. Maybe Cobra Trading
Any advice is welcome!! Please help!
Hoping this was the right subforum, also posting in Stocks
e: I have robinhood but was told it took 2-3 days for funds to clear trades. This doesn't work for me as sometimes I enteexit on the same day.
submitted by Snapta to investing [link] [comments]

What is Commission in Forex Trading ? 2020 ( Commission Vs Free Commission ) How I Get COMMISSION-FREE Trading - So Darn Easy Forex™ Trading Forex - Commission - YouTube Trading Forex - Commission or Trading Cost Minimise Your Forex Trading Commissions by Adam Khoo - YouTube THE FIRST FOREX BROKER WITH $0 COMMISSIONS  @TIOMARKETS TradeKing Trading Platform Review, Tutorial, and Tour ...

Trading forex offers an exclusive advantage over other types of trading: reduced fees and commissions. This is due to the fact that most fx brokers charge a variable commission on the spread rather than charging fixed or percentage fees on the value of the trade. They can also charge a fixed commission per trade, though this is less common. Forex trading is high risk business and may not be suitable for all investors. Forex Bonuses and offers are for trading information only and should not be considered as advice or encourage to invest in the brokers. Please read our privacy policy and legal disclaimer and NFA's Investor Advisory. Generally, commissions in forex trading are paid in relation to what brokers and dealers call "the spread." Currencies are traded in pairs, and currencies are typically offered on trading platforms at an "ask" price and at a "bid" price. This means that the broker or dealer will sell a currency to a trader at one price (the ask price), and buy the same currency from the trader at a different ... Some Forex Brokers offer the commission model for Forex Trading. First of all, I have to say from my experience that a commission account is always cheaper after my test. Instead of an additional spread, you get the direct market spread for your order execution. The forex provider now charges a commission per lot traded. The size 1 lot describes 100,000 units of the underlying of the forex ... Commission Account For traders looking for the flexibility of trading significant reductions on spreads – EUR/USD as low as 0.2** – with low commissions. $5 commission per 100K traded; Exceptional quality trade executions; Powerful, state of the art trading platforms; OPEN AN ACCOUNT. Lower your trading costs by up to 15%. Earn cash rebates plus get access to other exclusive benefits with ... TradeKing has one of the least expensive, non–tiered commission structures of any broker in our review. Trades are only $4.95 per trade plus $0.65 per options contract, with no additional fee for broker-assisted trades. TradeKing may not offer the lowest prices, but it makes up for it in exceptional customer service and trading education, which is absolutely essential to help you make smart ... Investors interested in trading individual securities and ETFs will be pleased at the prospect of a $4.95 commission per trade. TradeKing fees are designed to capture those vigilant against costs. This fee is an aggressively low-cost option even when compared to big players in the field of low fee online brokers. Notice the fee per trade difference below: Vanguard: $7.00 for the first 25 ...

[index] [6568] [21223] [25559] [22502] [10243] [22556] [28387] [5288] [11297] [28198]

What is Commission in Forex Trading ? 2020 ( Commission Vs Free Commission )

Minimise Your Forex Trading Commissions by Adam Khoo - Duration: 17:42. Adam Khoo 49,034 views. 17:42. Dealing with Bid/Ask Spreads in Forex Trading by Adam Khoo - Duration: 27:43. ... In this video review, I go in detail over the TradeKing platform giving you a review, tutorial, and tour of the platform. #tradeking #stocktrading #tradingpl... Commissions are the largest costs in your trading business. Learn the factors that impact your transaction costs and how to minimise the costs of forex tradi... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Minimise Your Forex Trading Commissions by Adam Khoo - Duration: 17:42. Adam Khoo 46,295 views. 17:42. Pomp Podcast #256: ... When you first step your foot in forex trading, while finding reliable and regulated brokers to open an account. You must have seen a lot of brokers claiming to give you zero commission accounts. The So Darn Easy Forex™ Movement help THOUSANDS of Forex traders from all across the world achieve extraordinary results in long term and short term trades. Commission-FREE TradersWay Link https ...

http://binary-optiontrade.chatthreeph.cf