what ever i earned by the trading its goes to Brokarage?
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what ever i earned by the trading its goes to Brokarage?


Beginners and Introductions

Created April 29th 2010 by Macy
Updated June 28th 2010 by Darshiit
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what ever i earned by the trading its goes to Brokarage?

  #1 (permalink)
India
 
 
Posts: 2 since Apr 2010
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what ever i earned by the trading its goes to Brokarage?

i am new to trading, and what ever i earned by the trading its goes to Brokarage. Is there any one who can advice me how to do trading?’

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  #3 (permalink)
beverly hills, ca
 
 
Posts: 14 since Apr 2010
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Answer
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what markets are you trading and how much are you paying?

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  #4 (permalink)
Market Wizard
Berlin, Europe
 
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
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Posts: 9,813 since Mar 2010
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Answer
This post has been selected as an answer to the original posters question Answer

There are several potential reasons:

(1) Either your trading approach, - as executed by you - does not have an edge. You produce a random result, brokerage fees deducted.

(2) You are overtrading. Brokerage fees add up quickly.

(3) You selected the wrong broker.

Trading is a n-person game that requires professional skills, most of which can be learned within a few years.


Macy View Post
i am new to trading, and what ever i earned by the trading its goes to Brokarage. Is there any one who can advice me how to do trading?’


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  #5 (permalink)
Ithaca, NY
 
 
Posts: 5 since Jun 2010
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I think it will take a few years before you start getting back from the broker. I guess we can just keep at it.

Also maybe you just need a new broker... who are you using?

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  #6 (permalink)
India
 
 
Posts: 31 since Oct 2009
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Mecy ,
Seeing ur location , u seem to be from India and trading Indian Markets. I would suggest to check ur possibilities with RKGlobal shares n securities as ur brokers.

9 Rs per lot is their commission for NSE / MCX.
0.99 Rs per lot in case of currencies futures.
999 Rs Per month Unlimited in case of u r interested in trading NSE cash markets only.

Though BajajFinance and Reliance money also have something similar to this. I'm happy with RKGlobal as of now.

BreakEven is higher compared to US markets in India due to govt taxes.

Darshiit

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