Here is a new thread of the normal day trading thread to keep it clean. Very interesting though.. Cheers for posting it Kooky.
SIDE TOPIC:
http://www.traderdealer.com.au/What-We-Charge.aspx
has anyone heard of/used this service. I've been researching heaps of trading software and really like the Market Analyser platform, and stumbled across these guys. They only charge a flat fee of $33 (ie total per day) for up to $200K in trades.
Cheers
Kooky
Further to last post:
Spread your purchases
There are several unique aspects to Trader Dealer’s share brokerage structure that we believe makes trading through Trader Dealer more cost effective. Most brokers charge brokerage on a per order basis.
Trader Dealer recognises that you may wish to spread your share purchases and sales over a trading session, and feels that a decision to do this should not be unduly impacted by worries about the cost of trades.
Rather than charging you for each order, Trader Dealer charges brokerage per confirmation issued to you.
Multiple trades at up to 12 different price levels and $200,000 in total value will be placed on one confirmation. Further trades at additional price lines will appear on a second confirmation on which brokerage will also be charged
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saving on brokerage (trader dealer)
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