Can someone tell me about online trading?
All i really need to know is the fees and start up costs from trading online from sites such as E Trade and Scott Trade? Like 7$ online trades on ScottTrade and $9.99 commisions. What do those meen? Thanks!
Public Comments
1. That means that you will pay $7 or $9.99 every time you buy or sell a stock with those accounts. Neither of those accounts have monthly maintenance fees or annual fees.
2. It means you should take a year or more to learn the basics of investing/trading before you look at brokers.
Read some good books on the subject. Not one.... several......
3. thinkorswim.com has some low fees.