Hi guys, I'm a newbie and I had a look through some of the sticky threads but couldn't find my answer there.
What I don't understand in short term trading is how people avoid paying huge amounts of brokerage? For example I have some shares I bought a while ago using Nabtrade for buy-and-hold investing, and my nab trade account charges $15 per trade. I know there are cheaper versions out there, but I thought it was in the vicinity of $10 per trade still.
Are there trading programs out there that somehow minimise this brokerage? Or is just part of the tax day traders have to pay alongside any profits they make?
What I don't understand in short term trading is how people avoid paying huge amounts of brokerage? For example I have some shares I bought a while ago using Nabtrade for buy-and-hold investing, and my nab trade account charges $15 per trade. I know there are cheaper versions out there, but I thought it was in the vicinity of $10 per trade still.
Are there trading programs out there that somehow minimise this brokerage? Or is just part of the tax day traders have to pay alongside any profits they make?
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