How to reduce my brokerage?
by Now Arbitrage on Saturday, October 24th, 2009 | 2 Comments
I am share trader on BSE/NSE(india) in F&O segment largely. Its been long time doing so. Now I am feeling pinch of higher brokerage, Currently its about 0.015 Paise/Rs.100. And I wanted this brokerage to bring down to 0.005 Paise/Rs.100. I also want to start Arbitrage trading. Plz suggest..
Believe me BOSS, both of the biggest all time investors- Warren Buffett and Peter Lynch are of opinion that F&O should be banned from stock market.
And to reduce your brokerage please be a LONG-TERM INVESTOR.
The ultimate winner in day-trading and F & O is your broker.
Intra-day trading and F & O are worse than gambling!
Seriously think over it.
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Believe me BOSS, both of the biggest all time investors- Warren Buffett and Peter Lynch are of opinion that F&O should be banned from stock market.
And to reduce your brokerage please be a LONG-TERM INVESTOR.
The ultimate winner in day-trading and F & O is your broker.
Intra-day trading and F & O are worse than gambling!
Seriously think over it.
References :
Personal Knowledge
Negotiate with your broker, Normally, brokers do reduce brokerage for larger volumes. I also suggest that you seriously consider the point made by Vikasbar.
References :