Make sure you read the fine print before you sign up with one. Today's question comes from Hector in Southlake, Texas. I do some day-trading and the commission fees are killing me. Hector, you're learning a valuable lesson.
Commissions can kill profits.
That's part of the reason why frequent traders do worse than investors who buy and hold, as research shows. Some day traders like this site because of its low commissions, but let's be clear about something. While I have no problem with the company, I did not recommend it for everyone. In fact, it doesn't want beginners to sign up. It also asks that you have five years of investing experience.