These Commercials Aren't Out to Help You: Thoughts on Day Trading
May 11th 2013 12:00PM
Updated May 11th 2013 3:00PM
In the following video, Fool contributor Matt Thalman discusses why TD AMERITRADE , Charles Schwab , and all the other online brokerage houses offer investors high-tech trading platforms and services that are intended and sold to help individuals find opportunities others haven't yet seen.
While following chart patterns and trying to turn profits on a small daily moves may sound like a great idea, over the long run, most investors will end up losing more money than they make. But more importantly, every time investors buy or sell a stock, they pay a transaction fee, which will surely eat into any profits the average Joe day trader can make.
So whom are these trading platforms really making money for? Watch the video for more details.
The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of.Â Click here nowÂ to keep reading.
The article These Commercials Aren't Out to Help You: Thoughts on Day Trading originally appeared on Fool.com.Fool contributor Matt Thalman has no position in any stocks mentioned. The Motley Fool recommends TD AMERITRADE. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.