Question about trading online such as E*Trade.

Question

How much margin do you have to make to cover up for all the commissions and fees? For example, if you have a $2 share, how much should you wait for that share to go up (assuming its going up of course) to make a profit.

And lets say after trading you made $100. How do you actually get that money in cash? Any fees for withdrawing funds from e*trade?

Thanks guys..

Answer 1

Margin Account  Min $2000.

etrade commission schedule is based on your trading volume.

https://us.etrade.com/e/t/jumppage/viewj...

No charges to withdraw money from etrade.

To withdraw money you can request a check or use a check book with your account.  

Answer 2

I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

http://friends.zecco.com/r/a7a2877caab81...