TRADE AWAY Once upon a time churning your portfolio was a bad thing, and costly. Now day trading is the thing. Intense competition has prompted Fidelity Investments to lower to $14 a pop its rate for market players who make more than 240 trades in a rolling 12-month period. Fidelity joins Charles Schwab in lowering prices to compete with discounters such as Brown & Co. and Datek. These discounters offer a fixed price without a minimum number of trades. Either way you swing it, don't confuse frequent trading with investing.
Comparing The Brokerages Brokerage Number of Trades Fee Per Trade...
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