12-15-2004, 08:25 PM
whyBish,Dec 14 2004, 04:40 AM Wrote:Since day-traders trade on potentially small patterns they require larger sums of money to make a profit after brokerage (brokerage and amount of funds available are the limiting factors to entry into day-trading), so it is usually left to the 'big boys'.Online,one can find very cheap brokerage fees and no limit funds;for instance,I know one online broking company which bills 7.5 euros/order for orders below 10,000 euros;above 10,000 euros a rate is applied,which is 0.075 % of the amount of stocks sold/bought,that's very cheap.Apart from these costs,there is no fee.
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If one can make money with a variation of 1 % of a purchase/sale,there is 0.925 % left to make a profit.So,it isn't left to the big boys;trading with only a few thousands euros is still worth it because online costs can be very cheap provided that you compare the costs of broking firms and choose the cheapest one.