Stock market trading

[vassock]

Is there a reliable stock trading company that lets you buy and sell stock with no fees?

Since I have a BoA account, I considered getting MerrillEdge. Anyone have any experience with it? Know how to get their free 30 shares per month while avoiding any and all fees?

[Nika]

There is no "no fee" brokerage houses. Commissions is how they make money. There are discount ones. Like Optionshouse ($4 for a stock trade -- that is $4 to sell and $4 to buy). Scottrade at $7 per trade and a bunch of other ones.

If you trade a lot you can sign up for a plan with some places (x trades per month free but for a monthly fee), but they will all charge one fee or another. You can get bonus free trades at signup. I have both Scottrade and Optionshouse, my DH uses sharebuilder.

If you want Scottrade referral code with free trades I think STML5647 still valid (in the interest of full disclosure, I would probably receive some free trades too if you used it).

[jpg7n16]

What type of trading are you trying to do? Many firms allow you to trade certain ETFs, or buy mutual funds with no commission.

Have you ever done any stock trading before?

If you were a company in the business of facilitating stock trading for clients, how would you stay in business if you did everything for free?

[bjl584]

There is nothing that is free.

But if you google search "discount brokerage houses" you will get 2.3 million results.

[MakeAStash]

Fees are merely gravy. Brokerages use your account holdings for various profit purposes. Yes, it looks like your stocks and bonds are just sitting idle in your account, but in reality your brokerage is actually actively leveraging, buying and selling them behind the scenes. The brokerages earn far more from such activity than they do from fees.

[Mr Nice Guy]

Fees are merely gravy. Brokerages use your account holdings for various profit purposes. Yes, it looks like your stocks and bonds are just sitting idle in your account, but in reality your brokerage is actually actively leveraging, buying and selling them behind the scenes. The brokerages earn far more from such activity than they do from fees.

I was wondering when they were going to send me those stock certificates...

[KTP]

Wells Fargo investments lets you buy and sell 100 free trades per year.

[ccole]

I believe that there's no such thing as free as they earn money through commission. So if plan on buying or selling any types of properties, one thing for sure that you will be charges for any reason.

[KTP]

I believe that there's no such thing as free as they earn money through commission. So if plan on buying or selling any types of properties, one thing for sure that you will be charges for any reason.

Actually, the real way these low or no cost trading houses make money is the bid/ask spread difference.

[Petunia 100]

Wells Fargo investments lets you buy and sell 100 free trades per year.

Yes, but you must have a minimum of 50k in all accounts to get this. (10% of outstanding WF mortgages and loan balances count too).

[KTP]

Yes, but you must have a minimum of 50k in all accounts to get this. (10% of outstanding WF mortgages and loan balances count too).

Well, true. Could be a problem for some, but if you are going to trade you should probably have a spare $50k in this market anyway

Another option is Optionshouse. Open a trading acounnt there with $5K and you get 100 free trades (I think for only 3 months though) and then after that trades are only $4 each.

[lewiskelly]

Trade = Buy or Sell

Exchange floor

Trading on the floor of the New York Stock Exchange (the NYSE) is the image most people have thanks to television and the movies of how the market works

these are the basic tips related to stock trading

[Mr Nice Guy]

Trade = Buy or Sell

Exchange floor

Trading on the floor of the New York Stock Exchange (the NYSE) is the image most people have thanks to television and the movies of how the market works

these are the basic tips related to stock trading

Thank you for that valuable piece of information. I sincerely hope you continue to post such useful posts for our benefit

[KTP]

Thank you for that valuable piece of information. I sincerely hope you continue to post such useful posts for our benefit

Indeed. Armed with that information, I was able to make $1,000,000 in just a few days.