1 - Scottrade charges $7.00 for each trade, be it buy or sell. Similar type accounts have similar fees.
2 - if you purchased 100 shares of "XXX" company you can sell as many shares as you want at the price at that time until all 100 shares are sold. Every transaction will cost you $7.00.
Normally a stock account isn't treated as a savings account due to the fee at each sell order. If you purchase a dividend paying stock the dividend amount will be added to your account quarterly as "CASH" and you ll be able to request a check as needed.
Call a broker or two and get educated. Brokers are always anxious to open new accounts. Good luck.
you need to open a demat account and a trading account to trade in the stocks. the charges will differ from company to company. the charges are less than 1000. each and every time when you are buying or selling stocks commission will be charged. brokerage will be charged even if you sell your stocks in loss. the brokerage will differnt from company to company and check fully about the company and read fully the norms of the company before you start investing. the highest brokerage is in icici securties and its brokerage is 0.55% but it has features worth its brokerage. regarding your second question you can sell the amount of stocks you want to sell i.e you can take some money by selling some of the shares but the amount will be credited to you only after three days. all the best
Go to Fidelity. They have $7.95 in transaction fees. I have used Fidelity for years and they are easy to work with.
You can buy one amount and then sell a lesser amount.
Right now i am in college my parents pay my tuition so i just have extra money from my job and i want to invest it. Ive been watching the stock market for a while. Here are my questions
1. What the the fees when buts a stock. Like commission fees to the broker and what else.
2 if i but a stock and it goes up in price go i have to sell the entire stick to get the money. Or can i take some money out and leave the rest?
