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Commission-free brokers can be an excellent resource for beginners. You’ve probably heard of Robinhood, but more brokers now offer commission-free trading. Free is enticing, but what should you really know? Tim Bohen explains the pros and cons. Watch this now!
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If you’re just getting started in the market, you probably have a small account. So how can you make the most of it?
First, it’s important to set realistic expectations. Trading is not a get-rich-quick scheme. Becoming a trader is about building skills over time … So set a goal of becoming 1% better each and every day.
Commissions can be a big deal for traders with small accounts. Say you execute a flawless trade ... But then a big chunk of your profits end up going to the broker. Not ideal, right?
That’s why commission-free brokers are attracting a ton of new traders into the market. That’s creating a ton of volatility. But it also means more lazy traders in the market — traders who aren’t willing to put in the time to trade smart.
Don’t be like those traders!
Be willing to put in the work. It’s one way to separate yourself from those who are bound to fail. And that includes doing your research on the best broker for your strategy. Know exactly what you’re getting in terms of service.
Now, if these brokers offer commission-free trading, how are they making money? What’s the catch with ‘commission-free?’
Tune in to find out how brokers can add or remove liquidity.
And you gotta know that you can miss fills. Especially on fast-moving stocks. It can be super frustrating, but it’s also why good discipline is essential for every trader. You can still learn from those missed trades too. Tune and find out how.

#StockMarket #Robinhood #CommissionFree

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*Tim Bohen teaches skills others have used to make money. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed may be exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
You can lose money trading stocks. Do not invest money you cannot afford to lose. You understand and agree you will consider the important risk factors in deciding to purchase any of our products or services.