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Strategies & Market Trends : Trading For A Living

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To: Dave who wrote (1085)	8/5/1998 6:11:00 PM
From: Len	Read Replies (1) of 1729

30 books?? WOW!!.. You may be overloading yourself with that many. Just my opinion though. Also, regarding commissions, these franchises pay about $7.00 per trade, and they are allowed to price them to traders at whatever they choose. So, depending on overhead (rent, utilities, hardware, etc), one franchisee may decide to undercut the competition significantly to ramp up quickly with clients. You would hope that they have run the numbers and found that they can stay afloat (and hopefully make some profit) at that level of commissions. I would just hope that they aren't reeling everyone in, only later to suddenly cite rising costs and raise the fees to $20 per trade or similar.

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