Hi, sorry for my poor English.
I would like to understand how much the commissions affect on the day trading.
On the IB website I read 2 possibilities:
Fixed = 0.005 per share.
Example: Purchase 1000 shares pay USD 5.00; I sell (close) 1000 shares pay USD 5.00. Tot = USD
10.00 for the cost of the transition.
Tired = 0.0035 per share.
Example: Purchase 1000 shares pay 3.5 USD; I sell (close) 1000 shares pay USD 3.5. Tot = USD
7.00 for the cost of the transition.
I think, that the degressive fees are cheaper, am I wrong? Are there any other costs?