These Commercials Aren't Out to Help You: Thoughts on Day Trading

In the following video, Fool contributor Matt Thalman discusses why TD AMERITRADE (NASDAQ: AMTD  ) , Charles Schwab (NYSE: SCHW  ) , 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. Click here now to keep reading.

Read/Post Comments (0) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2425137, ~/Articles/ArticleHandler.aspx, 9/29/2016 8:06:18 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 10 hours ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:00 PM
AMTD $32.77 Up +0.19 +0.58%
TD Ameritrade CAPS Rating: *****
SCHW $31.06 Up +0.33 +1.07%
Charles Schwab CAPS Rating: ****