I have no idea what the reason was, but I'm just t
Post# of 96879
and traders do pay monthly fees of about 100 dollars, or its free if you make more than about 30 trades that month. it has tax advantages to, if your profession is "trader". why? cause you take the money you started with in the account at the beginning of the year, and whats in the account at the end of the year, and the difference is what you pay taxes on. AT ONLY the LONG term gains rate (15%, or it might be raised to 20% now).
That's why they pay a monthly fee, or free, for a set # of trades per month. PLUS, you can bid sit. put in 10 small trades for 10,000 shares each instead of a big trade for 100k shares letting brokers front run you.
oh, the movie was trading plaeces with eddy murphy and dan akroid, and don demeche and I forget the other guts name
all kinds of reasons. its cheaper (sometimes free if you trade enough). Lots of strategies to take advantage of.
but you need monies first. GO NTEK. Make me monies!