@sumo, the idea is to bring the fun back into trading... 20 bucks saved on brokerage will not make anyone poor or rich... But a challenge always makes it fun...Important of fun in life and trading is probably the most important, and you probably would appreciate it more than anyone else...
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Nithin says Quote " On the verge of starting commodities broking(0.01% or Rs 20 per executed order whichever is lower) we need an opinion from all of you.. When I was in school my dad had promised me a hero ranger cycle if I scored above 80% and that was the only year I scored over that
..We are not happy by offering you only a low cost platform, we want everyone involved to make money as well... So would it help if we said(for commodities trading only), You make money for yourself trading commodities for 60 trading days together and as an incentive we refund you whatever little brokerage charged??? Let us know what you think. You can also shoot an email to
[email protected] to bounce off any other idea that you think might spice it up for you.
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Technically, refund of bkg is not much of an incentive, at max, you may be able to finance a good quality data feed for your trading. But it would feel good to be in that elite category. Am not pushing for refunds, as almost 95 % of traders are not going to get it anyway.
95 % of people lose. And the 5 % that do make money dont care about such bkg refunds, other than a feeling of elation. Thats all
I agreed. I would like to say (or summarise some thing which every trader knows) about trader, trading , broker etc. First of all trading business is not so simple or so easy, very few persons doing trading, comparison to other works, its mean persons never attracted by zero brokerage or free trading etc. so they left there present work and start trading.
Every trader has there own way or style to trade, some are trading at a time in multiple market like Equity, F&O, NSE, BSE, Commodity, Currency and some are trade very selective or may be in one market and only one share at a time. Also trader trade INTRADAY, Swing, short term long term, leverage etc. Now trader demand all these things from brokers like One screen for all markets, Maximum leverage, Good charting tools, immediate fund transfer, lowest brokerage cost etc.
Every broker wants good business, low expenses, simple working, safe financially working for him and for trader also. Because if trader are safe (doing No big loss) they will work as a trader for long time with them etc.
Bottom line is that Both, trader and Broker, want to earn money (profit), specially broker wants that there client(Trader) should always make profit, so they will do always trading. Now question is broker should give reward to their client(trader) ? and vice versa trader will give reward to broker, if they will make good profit, due to good services provided by broker ? My answer YES, but reward is not always money.
My view is that, Both should understand each other, Every trader has there own requirement and every broker has own limitation. Broker should have their own general rules for their all traders, but they can have to customized for some traders as per requirement of traders(REWARD TO TRADER), definitely both will benefitted. Traders should also respect the brokers services and if there is any lacks of services(Some time control), trader should bear (REWARD TO BROKER)
If I am saying wrong, please dont hesitate to correct me, thanks
