Sadly, trading itself isn’t free. There’s a cost to buy and sell shares.
Along your investment journey, you’ll pay a variety of fees. Perhaps you’ll pay a ‘brokerage fee’ when a broker purchases your stock. Or a ‘transaction fee’ like the 1-2% taken by your debit card provider. Or perhaps you’ll even pay a ‘subscription fee’ for your latest market research report. Make sure you keep an eye out for those sneaky fees. For example, if you made $50 profit on your investment in Tesla but paid $20 in transaction fees (then really you’ve only made $30).
Tips and tricks
Look for a broker who charges a flat subscription and lets you trade as much as you like with no additional fees.