There is no hard data, but anecdotal reports suggest that some traders make enough to live on. There is also no shortage of advice online.
How big are swing trading commissions?
Swing trading commissions are calculated by looking at the trading volume on the trading day and multiplying it by the volume of trading that day. In turn, this tells traders how much commission they have to pay in commissions that they need to pay through margin and for fees related to trading.
There is a lot of speculation about swing trading commissions and they can vary widely. Some say commissions are $1 for every trade, others say it is less.
What’s your stance on profit sharing?
It is not often that a company offers a profit sharing plan, but several companies, such as the NYSE Arca, have been doing this for several years now. This is done in order to encourage higher profit margins and is typically offered as part of a stock split so that investors can be better informed. The amount of profit share offered depends on each company and company’s market capitalization.
What is the difference between an exchange and a futures commission?
Traders and investors typically think of exchanges as “exchanges,” i.e. they connect participants with each other and the markets themselves. While you may be aware of the term “futures” to reference the underlying items on the futures market, it is important here to recognize that a broker-dealer (or an exchange, if you like) only acts as a broker and not as an actual trader. The same is true of exchanges and futures.
Is a futures commission a lot of money?
Yes. The average per day commissions for a single trade on an exchange are currently upwards of 7% in some cases, as traders on both exchanges are typically buying and selling at least something on each other. The fees will vary, but for example, you can expect to pay as much as a few hundred dollars in commissions for a stock trade.
What if you do make money, but I have no idea how much?
Unfortunately, there are no guarantees the profits you make will not be stolen back from you when the market decides it wants the cash it needs. Most brokers are reluctant to report anything because doing so opens them up to litigation. If you do become successful, your investment may be stolen and you could end up being put into jail. Be sure to read our guide on how to avoid becoming a target – http://bit