I am a total newbie buying stocks. I was doing soooooo well until the recent dive concerning all stocks, but I am interested mainly in MJ stocks, since I am in Canada and there's legalization coming July 1.
I recently noticed some fees concerning the buying and selling of stocks. I can't quite remember the name of the extra fee I was charged, but it had to do with the bid and ask price and the spread in between. My extra fees were up to $39.95 when the max was to be $9.95.
I am hoping someone will know the name of the fee so I can get some precise information about it. It may have initials something like ENC, but that may be totally wrong. I would like to know how the fees are assessed, and is there anything I can do about them. Almost all my orders have them.
Thanks to all who may help.
The extra fees are due to my lack of knowledge of the rules when buying and selling stocks.Sooo much to know.In fact though, even with my extra $40.00 fees (more than once)I still made enough to live on.Still am.The new MJ business opportunities in Canada are mind boggling.I live in Alberta and have been watching Aurora and now others since legalization of MJ - marijuana was announced last year.I just need to be smarter and learn the buying/selling of stocks rules.Of course I am doing that now.