How would free trades affect your approach..

TheProdigy · #1 12-02-2006, 03:49 AM

to the stock market? If everyone could trade for free, would you(or the majority of people) change the way they trade? What would you do different?

RedJoker · #2 12-02-2006, 09:53 AM

Do spreads still exist?

gull · #3 12-02-2006, 04:51 PM

I think TP4 is asking about Zecco.com, so yes, spreads still exist. Because trading still has a cost, it shouldn't really change your decisions. It just helps you save money.

TheProdigy · #4 12-02-2006, 08:08 PM

lol...No I wasn't specifically I was just wondering if it would change people's perspectives on how they trade or anything.. [img]/images/graemlins/smile.gif[/img]

BigBiceps · #5 12-02-2006, 09:37 PM

Probably any place that is offering free trades is giving poor executions.

wpr101 · #6 12-02-2006, 10:29 PM

[ QUOTE ]
Probably any place that is offering free trades is giving poor executions.

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You can trade for free at Bank of America if you have 25k in their bank system.

lala · #7 12-02-2006, 10:58 PM

[ QUOTE ]
Probably any place that is offering free trades is giving poor executions.

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very true I remember freetrade I lost thousands because of how slow it was.

Scotty O · #8 12-03-2006, 11:24 PM

Think of it as rakeback or no rakeback... if you are a good stock trader, then the cost of the trade doesnt mean much

ojsdaman · #9 12-04-2006, 12:04 AM

i think it would cost users more money in the long run for thoughtless trades

BigBiceps · #10 12-04-2006, 01:21 AM

If the broker is jipping you on the spread and you are trading any significant volume, the cost of the free trade is costing you alot more than the commission at a brokerage with quality executions.