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Today I’m talking about brokers, fees, and what you need to know. My job — my duty — to you is to provide you with useful information. Here’s what I think about brokerages fees. And find out which two brokers I use as I play the stock trading game...

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FULL DESCRIPTION
Today I’m talking about brokers, fees, and what you need to know. I'm really curious to know how many people actually have brokerage accounts and check their brokerage statements...

Brokers actually don't like me because I tell people not to trade as much. Sometimes the best trade is no trade at all. Patience is key.

My job is to help provide you with honest and useful information. So I’ll tell you which two brokers I use. But I don’t choose these firms because they’re better in some way or I think they’re amazing. I choose them because I find an advantage with them that I need to play in the stock trading game.

Here are the two brokers I use: E-Trade and Interactive Brokers. Got questions about either? I can’t answer those. I’m not a broker. Reach out to them yourself. I’m just pointing you in this direction based on my personal experience.

But I will get into this common question about broker fees: How much should you be paying and should you try to cut costs here? The answer is NO. All these little fees are generally negligible.

Saving money on little fees here or there doesn't matter. You need to look at this game as a whole. Which broker can actually give you the tools and customer support you need when you're in a trade?

I want to focus on the game. Brokers are necessary for me to be in the game. I need to be able to trade these stocks. If I'm using a specialized broker that has specialized fees, that can be OK. I want to make my money. I want to be in the game, trading the best setups.

Remember rule number-one: cut losses quickly. Everything outside of the game is negligible, it's irrelevant.

Don't focus on these little fees. Focus on how you grow your account. The whole game is about learning and working to improve over time.

Tell the truth ... do you stay on top of your broker statements? And which brokers do you use? Leave a comment and tell me what you think!


#TimothySykes #Pennystocks #Investing

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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*

----------------------------------------------------------------------------------------------------------------* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: [ Ссылка ]

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