Noob question about brokerage

[hbk2015]

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?

 

[Crafty]

Re: Noob question

Correct.

 

[hbk2015]

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

 

[nioka]

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

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,

 

[ta2693]

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

 

[juw177]

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.