Stocks are easier than ever before for Canadian investors -- start investing for free

Hollywood often portrays stock traders as wealthy elitists who spend more time partying than working and let’s not even get into the Instagram traders with their Lambo fleets.

But with more and more everyday folks gaining access to the stock market via platforms like Wealthsimple Trade, today’s average trader could just as easily be building their wealth from the comfort of home or on their daily commute.Commission creep is real One of the most consistent costs for traders is commissions, which is a standard service charge applied by the platform, broker or investment firm that helps with the purchase and sale of stocks. Whether you sell at a profit or loss, your provider is going to want their piece of the pie.Article content

Wealthsimple Trade has no commission fees, transfer charges or other hidden fees. They charge a 1.5 per cent currency conversion fee on Canadian to U.S. dollar conversions when trading U.S.-listed securities, which you can easilyAnother common concern is the risk that comes along with trading stocks. There is no way to completely eliminate risk when investing in the market – the best you can do is put in the work to make sound trades.

However, if you really don’t want to risk your own money in the beginning, you always have the option of collecting yourHere’s how it works: If you fund and open a Personal Wealthsimple Trade profile, you will get a free stock deposited into your account within seven days. That means you could receive one of the most popular stocks on Wealthsimple Trade absolutely free.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Weak stocks and declining DeFi use continue to weigh on Ethereum priceCrumbling tech stock prices, declining DApp use and bearish derivatives data continue to pin ETH price below $2,000. XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars. Robbed
Source: Cointelegraph - 🏆 562. / 51 Read more »

European Stocks Head for Higher Open as Markets Try to Bounce Back From LossesEuropean stocks are expected to open higher on Wednesday as global markets try to bounce back from a widespread retreat in the previous trading session.
Source: nbcchicago - 🏆 545. / 51 Read more »

Warren Buffett says these are the best stocks to own when inflation spikesThe Oracle of Omaha knows how to beat inflation\u003B so ride his coattails
Source: TheStarPhoenix - 🏆 253. / 63 Read more »

US Dollar Down, Vol Down, Stocks Up After May FOMC MinutesThe Fed sees a strong US labor market, while inflation pressures will ease to +4.3% y/y by the end of 2022 and +2.5% y/y by the end of 2023.
Source: DailyFX - 🏆 305. / 63 Read more »

European Stocks Set for Cautious Open as Global Markets React to Fed MinutesEuropean stocks are expected to open mixed on Thursday as markets digest the latest signals from the U.S. Federal Reserve regarding rate hikes.
Source: nbcchicago - 🏆 545. / 51 Read more »

Indian shares reverse early gains as energy, metal stocks dragIndian shares gave up early gains to trade lower on Thursday, as losses in metal and energy stocks outweighed gains in financial counters, while persistent concerns over global inflation also weighed on investor sentiment.
Source: Reuters - 🏆 2. / 97 Read more »