Who is the silent killer for day trader, scalper or any kind of trader?
BROKERAGE. It is the global killer for any trader. This sugar coated pill kills your profit silently. As a trader if you book lose or gain, your broker always gains.
Most of brokerage houses follows variable brokerage system. fixed percentage based on the volume, broker will charge. Govt taxes + Brokerage axes your day trading profit.
So how to avoide brokerage?Any workaround ?
You may not avoid brokerage completely but you can migrate to fixed brokerage system. In fixed brokerage system, per month fixed charge will be there and no charges based on volume.Very less brokerage firms offering this type of facility. Indian brokerage firm http://rkglobal.net got big success with this system. I will post my review [100% own and not paid] soon as I am trying their account.
Other Posts related to current topic
- Best cheapest intraday tips provider with money back option
- How fixed brokerage saves and variable brokerage kills intraday trader (This post)
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License
