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Wealthsimple Trade in Canada: Features & How to Use

Written by Tim-bot
Reviewed by Friedrich Odermann Fact-checked by Ed Weinberg
Updated 12/5/2023 26 min read

Wealthsimple Trade in Canada is a commission-free digital trading platform that allows Canadians to buy and sell stocks and ETFs without paying any commission fees. It’s part of Wealthsimple’s broader suite of financial tools designed to make investing accessible to everyone, regardless of experience or wealth. With a user-friendly interface and no account minimums, Wealthsimple Trade has positioned itself as a go-to option for those looking to enter the world of trading and investing with ease.

It’s a mobile-first service, meaning you can trade right from your phone, which is a big deal in a world where trading is as much a part of life as checking your email. The platform is simple, clean, and doesn’t bog you down with unnecessary complexity – it’s trading stripped down to the essentials, and it’s a powerful tool when used correctly.

You should read the article because it offers a comprehensive guide to using Wealthsimple Trade, a platform revolutionizing the Canadian trading scene with its commission-free structure and user-friendly interface.

I’ll answer the following questions:

  • What is Wealthsimple Trade and how does it benefit Canadian investors?
  • How does Wealthsimple Trade compare to other Canadian trading platforms?
  • What are the limitations of using Wealthsimple Trade in Canada?
  • What account types does Wealthsimple Trade offer and how do they differ?
  • How can one navigate the Wealthsimple Trade platform effectively?
  • What advanced trading features does Wealthsimple Trade provide?
  • How does Wealthsimple’s customer support enhance the trading experience?
  • What are the key differences between Wealthsimple Trade and managed investing?

Let’s get to the content!

Table of Contents

What is Wealthsimple?

Wealthsimple is a company that’s all about making investing and trading accessible. They’ve taken the complex world of stocks, ETFs, and portfolios and made it something that anyone can dive into. Think of Wealthsimple as your investing ally, a platform that’s got your back with robo-advisors and a suite of tools that demystify the investing process. It’s not just about trading; it’s about building a financial future without getting bogged down in jargon and fees.

Overview of Canadian Trading Platforms

The Canadian trading landscape has evolved, with platforms like Wealthsimple leading the charge. These platforms have transformed the way Canadians trade, making it more accessible than ever. You’ve got major players like TD and Questrade, but Wealthsimple Trade stands out for its simplicity and cost-effectiveness. It’s a platform that speaks to the beginner but has the depth for the seasoned trader.

Evolution of Online Trading Platforms in Canada

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Online trading in Canada has come a long way. It used to be that you needed a broker and a hefty sum to get started. Now, platforms like Wealthsimple Trade have opened the doors wide to anyone with a smartphone and a few bucks to spare. This evolution has been about breaking down barriers, making trading a possibility for the many, not just the few.

As the landscape of online trading platforms in Canada continues to evolve, traders are seeking more immersive experiences and tools to refine their strategies. For those looking to simulate the trading experience before diving in with real capital, a trading simulator can be an invaluable tool. It allows you to practice trading without the risk, honing your skills and building confidence. For a deep dive into the best trading simulators available in Canada, and how to choose one that suits your trading style, check out this comprehensive guide on trading simulators in Canada.

Major Players in the Canadian Market

In the Canadian market, you’ve got a few heavy hitters. There’s TD, known for its robust platform and deep roots in the Canadian financial scene. Then there’s Questrade, which has carved out a niche with its low fees and a wide range of options. But Wealthsimple Trade has shaken things up by offering a no-commission model that’s tough to beat, especially for those just getting their feet wet in the trading world.

While discussing the major players in the Canadian market, it’s crucial to highlight the tools that can enhance your trading efficiency. Penny stock trading apps are becoming indispensable for traders on the go, offering real-time data, analysis tools, and the ability to execute trades swiftly. For traders looking to capitalize on movements within the Canadian penny stock market, having a robust app can be a game-changer. Discover the best penny stock trading apps in Canada to keep an eye on.

Advantages of Using Wealthsimple in Canada

The advantages of using Wealthsimple Trade in Canada are clear: zero commission fees mean more of your money stays in your pocket. It’s a platform that’s built for the modern trader – someone who values simplicity, transparency, and the freedom to trade on their terms. Plus, with a strong focus on user experience, Wealthsimple Trade makes it easy for anyone to start building their portfolio.

Limitations of Using Wealthsimple in Canada

No platform is perfect, and Wealthsimple Trade is no exception. While it’s great for stock and ETF trading, if you’re looking to dive into options or more complex securities, you’ll need to look elsewhere. And while the no-commission model is a big plus, keep in mind that there’s still a currency conversion fee for U.S. stocks, which can add up if you’re not careful.

How to Use Wealthsimple to Trade in Canada

Getting started with Wealthsimple Trade is straightforward. You download the app, create an account, fund it, and you’re ready to go. It’s designed to be beginner-friendly, so you won’t get lost in a maze of complex menus or options. And if you’re ever unsure about a trade, there’s plenty of educational content to help guide your decisions.

Wealthsimple Trade’s Fee Structure

Wealthsimple Trade’s fee structure is its biggest selling point: no commission fees on trades. This is huge for traders who are used to seeing their profits chipped away by fees. However, it’s not entirely free – there’s a currency conversion fee for trading U.S. stocks, so you’ll want to keep an eye on that.

Core, Premium, and Generation Plans

Wealthsimple offers different plans – Core, Premium, and Generation – each with its own set of features and benefits. The Core plan is the bread and butter, giving you access to basic trading capabilities. Premium steps it up with additional support and features, and Generation is for those who are serious about building wealth and want the full suite of Wealthsimple’s tools at their disposal.

Other Associated Fees

While trades are commission-free, there are other fees to be aware of. There’s the currency conversion fee I mentioned, and if you’re transferring funds or securities from another brokerage, there might be fees associated with that. Always read the fine print and understand what you’re paying for.

Investment Platforms on Wealthsimple

Wealthsimple isn’t just about trading; it’s a full-fledged investment platform. With options like Wealthsimple Invest, you can have a robo-advisor craft a personalized portfolio for you, which is a great set-it-and-forget-it strategy for long-term growth. And for those who want to be more hands-on, Wealthsimple Trade lets you jump into the market yourself.

Wealthsimple Invest

Wealthsimple Invest is the robo-advisor side of the business. It’s about taking the guesswork out of investing. You tell them your goals and risk tolerance, and they’ll handle the rest, building and managing a diversified portfolio for you. It’s investing made simple, and it’s a solid option for those who want to grow their wealth without having to watch the markets like a hawk.

Robo-advisory service

The robo-advisory service is all about automation and simplicity. You’re leveraging technology to manage your investments, which means lower fees and a hands-off approach. It’s a smart move for those who have better things to do than micromanage their portfolios.

Personalized portfolios

Personalized portfolios are the bread and butter of Wealthsimple Invest. They’re tailored to your financial goals and risk tolerance, which means you’re not getting a one-size-fits-all solution. It’s a custom fit, and that’s a big deal when it comes to investing.


Auto-rebalancing is another key feature of Wealthsimple Invest. It keeps your portfolio in line with your goals, automatically adjusting your investments as the market shifts. It’s like having a financial advisor constantly tweaking your portfolio to keep it on track, and it’s a huge time-saver.

Wealthsimple Trade

Wealthsimple Trade is where you get down to the business of trading. It’s commission-free, which is a game-changer for active traders. You can trade stocks and ETFs without worrying about fees eating into your profits, which is a big plus in my book.

Commission-free stock and ETF trading

Commission-free trading means you’re not paying a dime in commission fees when you buy or sell stocks and ETFs. This is a huge advantage for traders who are used to traditional brokerages where fees can quickly add up.

No account minimums

No account minimums mean you can start trading with whatever cash you’ve got on hand. It’s an open door for those who might not have a lot to invest but want to get started in the market.

Mobile trading capabilities

The mobile trading capabilities of Wealthsimple Trade mean you can trade anytime, anywhere. It’s trading for the smartphone era, and it’s a must-have for traders who need to move quickly in a market that never sleeps.

Account Types

Wealthsimple Trade offers a variety of account types to suit your needs. Whether you’re saving for retirement with an RRSP or looking to trade tax-free with a TFSA, they’ve got you covered. And for those running a business, there are even options like Group RRSPs to help you and your employees save for the future.

Personal Accounts

Personal accounts are the standard offering, giving you a place to start trading with ease. You can choose from a TFSA, RRSP, or a non-registered account, depending on your financial goals and tax situation.

Tax-Free Savings Account (TFSA)

A TFSA is a powerful tool in your trading arsenal. It lets you earn investment income tax-free, which can make a big difference in your returns over time. It’s a smart choice for anyone looking to maximize their investment growth.

Registered Retirement Savings Plan (RRSP)

An RRSP is all about planning for the future. It’s a way to save for retirement while getting a tax break today. And with Wealthsimple Trade, you can manage your RRSP investments yourself, giving you control over your retirement savings.

Non-registered accounts

Non-registered accounts are a flexible option for those who’ve maxed out their TFSA and RRSP contributions or want more freedom with their investments. There are no tax advantages, but there’s also no limit on how much you can invest.

Business Accounts

Business accounts, like the Group RRSP, are designed to help you and your employees save for retirement. It’s a benefit that can attract and retain top talent, and it’s a smart way to invest in the future of your business.

Registered Retirement Savings Plan for Business (Group RRSP)

A Group RRSP is a win-win for employers and employees. It’s a way to save for retirement together, with tax advantages for both parties. And with Wealthsimple Trade, it’s easy to set up and manage.

Other Accounts

Wealthsimple Trade also offers specialized accounts like RESPs for education savings and LIRAs for locked-in retirement funds. They’ve got an account for just about every financial need, which makes them a versatile choice for traders and investors alike.

Registered Education Savings Plan (RESP)

An RESP is a must for parents planning for their children’s education. The government grants that come with it are like free money for your child’s future, and Wealthsimple Trade makes it easy to invest those funds in the market.

Locked-In Retirement Account (LIRA)

A LIRA is for those who have pension funds that need to be locked in until retirement. It’s a bit more niche, but for those who need it, it’s an important part of their retirement planning.

Registered Retirement Income Fund (RRIF)

An RRIF is what you convert your RRSP into when it’s time to start drawing an income in retirement. It’s a way to keep your money invested and growing while also providing you with a regular income.

Advanced Trading Features on Wealthsimple

Wealthsimple Trade isn’t just about the basics; they’ve also got advanced features for those looking to take their trading to the next level. Things like fractional shares and dividend reinvesting can give you an edge, and Wealthsimple Trade has made these options easy to use.

Fractional Shares

Fractional shares are a game-changer, especially for those just starting out. They let you buy a piece of a stock, even if you can’t afford a whole share. It’s a way to get in on big-name stocks without a big bankroll.

Dividend Reinvesting

Dividend reinvesting is a smart way to grow your wealth over time. Instead of taking your dividends as cash, you reinvest them back into the market, compounding your returns. It’s a set-it-and-forget-it strategy that can pay off big in the long run.


The Round-Up feature is another neat tool. It rounds up your purchases to the nearest dollar and invests the spare change. It’s a painless way to save and invest, and it adds up faster than you might think.

Advanced Features and Tools

Wealthsimple Trade’s advanced features and tools are what set it apart from the pack. Real-time market data, price alerts, and notifications keep you in the loop, so you can make informed decisions on the fly. It’s about giving you all the info you need, right at your fingertips.

Fractional Shares Trading

Fractional shares trading on Wealthsimple Trade lets you buy into high-priced stocks with whatever amount you’re comfortable with. It’s an excellent way to diversify your portfolio without breaking the bank.

Real-Time Market Data

Real-time market data is crucial for making timely trades. Wealthsimple Trade provides up-to-the-minute info, so you’re never trading blind. It’s the difference between guessing and trading with confidence.

Setting Up Price Alerts and Notifications

Price alerts and notifications are like having a personal trading assistant. Set your target prices, and Wealthsimple Trade will let you know when it’s time to make a move. It’s a simple way to stay on top of the market without being glued to your screen.

Navigating the Wealthsimple Trade Platform

Navigating the Wealthsimple Trade platform is a breeze. The dashboard gives you a clear overview of your portfolio, and searching for stocks and ETFs is straightforward. It’s all about making trading as simple and stress-free as possible.

Dashboard Overview

The dashboard is your trading command center. It shows you everything you need to know at a glance – your portfolio’s performance, your cash balance, and your recent trades. It’s designed to be user-friendly, so you’re never lost or overwhelmed.

Searching for Stocks and ETFs

Searching for stocks and ETFs on Wealthsimple Trade is easy. The search function is intuitive, and you can filter by various criteria to find exactly what you’re looking for. It’s about getting you to the right investments quickly and without fuss.

Understanding the Portfolio Section

The portfolio section gives you a detailed look at your investments. It breaks down your holdings, shows your performance over time, and helps you track your progress towards your financial goals. It’s a valuable tool for keeping your trading on track.

Tips for Successful Trading on Wealthsimple

Successful trading on Wealthsimple Trade comes down to a few key strategies. Researching and analyzing stocks is crucial – you’ve got to know what you’re buying. Diversifying your portfolio is another big one – don’t put all your eggs in one basket. And keeping track of market news and updates can give you the edge you need to make smart trades.

Researching and Analyzing Stocks

When you’re diving into trading on Wealthsimple, the first rule is to do your homework. Researching and analyzing stocks isn’t just about reading charts and patterns; it’s about understanding the assets you’re putting your money into. Wealthsimple Technologies Inc. offers a user-friendly platform, but it’s on you to use the information available. Look into the company’s history, its management, and its financial health. Use Wealthsimple’s tools to track stock performance over time, and don’t just follow the crowd. Remember, patterns matter, but so do the fundamentals of the companies you’re trading.

Diversification is not just a buzzword; it’s your portfolio’s best friend. Wealthsimple makes it easy to diversify, offering a range of assets from traditional stocks to crypto assets. Don’t put all your eggs in one basket. Spread your investments across different sectors and asset classes. A cash account is a good starting point, but consider other options like a spousal RRSP or a RESP corporate business account for different tax advantages and savings goals.

Diversifying Your Portfolio

Diversification is the cornerstone of a solid investment strategy, especially on platforms like Wealthsimple. It’s not just about having different stocks; it’s about spreading your risk across various assets. Wealthsimple Investments Inc. provides access to a range of assets, from equities to crypto trading. By diversifying, you’re not just protecting yourself from the volatility of one stock or sector, you’re positioning yourself to capture gains across the board.

Remember, diversification extends beyond just stocks. Wealthsimple offers options like dividend reinvestments and a program for crypto assets, allowing you to broaden your portfolio’s horizon. And while Wealthsimple’s menu may make it easy to manage your assets, the real work is in the analysis. Keep your portfolio as varied as the offerings on Wealthsimple’s app, and you’ll be building a foundation for potential success.

Keeping Track of Market News and Updates

Staying informed is critical in trading. Wealthsimple Trade provides a streamlined experience on both web and apps, but it’s your responsibility to stay on top of market news and updates. Wealthsimple Media Inc. can be a resource, but don’t rely solely on one institution for your information. Read widely, tap into different sources, and keep an eye on global events, especially if you’re dabbling in markets in Europe or other regions.

Market news can impact your trades in real-time, so use Wealthsimple’s tools to set alerts for news on the assets in your portfolio. And remember, news isn’t just about what’s happening now; it’s about anticipating the next big event. Whether it’s a change in trading commissions or a major acquisition by a company like Toronto Dominion Bank, every piece of news can be a trading opportunity if you’re prepared.

Wealthsimple Trade Customer Support

When you’re trading, knowing you’ve got solid customer support backing you up is crucial. Wealthsimple Trade’s support system is designed to address the needs of clients swiftly and efficiently. Nestled in the heart of Toronto on Spadina Ave., their team is ready to tackle anything from a simple query to a complex complaint. They understand that behind every order, there’s a person, a human, not just a client number. Whether you’re dealing with cryptocurrencies or coins of the more traditional kind, Wealthsimple’s protection of your rights and assets is paramount.

Their commitment to transparency is reflected in their disclosures and terms of use, which are crafted to provide legal help without the jargon. And if you need to review your transactions, whether it’s a payment or an execution of orders, Wealthsimple’s customer support is just a few taps away. They stand as a pillar among institutions, with managers and a team that are as much fiduciaries as they are support staff, ensuring that your experience is safeguarded by the Canadian Investor Protection Fund (CIPF).

Accessing Help and Resources

Wealthsimple Trade is known for its simplicity, but even the most intuitive platforms can leave users with questions. Accessing help and resources is straightforward through the Wealthsimple app or web interface. The ‘Menu Wealthsimple’ is your gateway to a wealth of information, including FAQs and detailed articles on everything from deposits to withdrawals.

If you’re new to trading, don’t hesitate to use these resources. Wealthsimple’s team is there to assist, providing clarity on everything from transaction details to account management. And for those who prefer self-service, the Wealthsimple Technologies Inc. platform includes a comprehensive help section where you can find answers without waiting on the line for customer service.

Contacting Customer Service

Sometimes you need a human touch, and Wealthsimple Trade’s customer service is there when you need it. Whether it’s a question about your cash account or a complex issue with a transaction, reaching out to customer service is a tap away. Wealthsimple values trust and transparency, so expect direct and factual support.

When contacting customer service, have your details ready. Whether it’s paperwork, account information, or details of a specific order, the more information you provide, the better they can assist you. And remember, Wealthsimple is not just an investing service; it’s a platform backed by fiduciaries who are there to protect your interests.

Comparing Wealthsimple Trade to Other Platforms

Choosing the right platform for your trading needs is a decision that shouldn’t be taken lightly. In a comparison of Wealthsimple Trade with its competitors, it’s important to consider the kind of execution and protection each offers. Wealthsimple Trade stands out for its commitment to making trading accessible to all, not just seasoned investors or those with deep pockets. They offer a no-frills approach to trading, with a focus on essential services that cater to both the crypto-curious and traditional equity traders.

In any review or comparison, it’s essential to look at the institutions’ track records, and Wealthsimple Trade is backed by a robust legal help system and a dedication to upholding clients’ rights. Their offerings, from FHSA non-registered accounts to LIRA, are designed to save and trade across a spectrum of needs. When you’re weighing options, consider Wealthsimple’s competitors’ fees, order types, and the kind of payment structures they offer. But also remember, the value of a platform is not just in its costs but in its ability to serve its users — humans with diverse needs and goals.

Wealthsimple Trade vs. Questrade

When comparing Wealthsimple Trade to Questrade, consider the user experience. Wealthsimple’s app and web platforms are designed for ease of use, appealing to beginners and those who value simplicity. Questrade, while offering a broader range of services and offerings, can be more complex and may suit more experienced traders.

In terms of fees, Wealthsimple Trade boasts no commissions on trades, which is a significant advantage over Questrade’s trading commissions. However, Questrade offers more in terms of research tools and a more extensive selection of investment products, which can be a deciding factor for some traders.

Wealthsimple Trade vs. TD Direct

TD Direct, part of the Toronto Dominion Bank, is a heavyweight in the trading world, but Wealthsimple Trade holds its own with a focus on simplicity and no-commission trades. TD Direct offers a more traditional brokerage experience with a wide range of services, but it may come with higher fees.

Wealthsimple’s no-commission approach extends to stocks and ETFs, making it an attractive option for those looking to trade without worrying about the cost of each transaction. TD Direct may offer more advanced tools and options, but for those starting out or looking to trade without the burden of commissions, Wealthsimple Trade is a strong contender.

Wealthsimple Trade vs. Scotia iTRADE

Scotia iTRADE, backed by the Bank of Nova Scotia, offers a robust trading platform with a wide range of products. However, Wealthsimple Trade’s commission-free trading is a game-changer for many, especially those new to the trading scene.

While Scotia iTRADE provides an extensive suite of tools and research, Wealthsimple Trade’s user-friendly interface makes it easier for beginners to navigate the complexities of trading. The choice between the two may come down to the depth of services required versus the appeal of commission-free trades.

Wealthsimple Trade vs. Interactive Brokers

Interactive Brokers is a powerhouse for active and professional traders, offering a global trading platform with competitive commissions. Wealthsimple Trade, on the other hand, caters to a different audience, prioritizing accessibility and commission-free trades.

For those starting out or trading on a smaller scale, Wealthsimple Trade’s straightforward approach can be less intimidating. Interactive Brokers, with its comprehensive offerings and market reach, is geared towards a more experienced clientele who may require a broader range of investment options and more sophisticated trading tools.

Key Takeaways

Wealthsimple Trade is reshaping the Canadian trading scene with its user-centric approach and commission-free model. It’s a platform that supports your trading journey, whether you’re just starting out or have been in the game for a while. Remember, trading is about strategy, not luck, and Wealthsimple provides the tools to help you build a solid trading plan.

Trading isn’t rocket science. It’s a skill you build and work on like any other. Trading has changed my life, and I think this way of life should be open to more people…

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What platform do YOU use? Let me know in the comments — I love hearing from my readers!

Frequently Asked Questions

Understanding the nuances of Wealthsimple Trade can give you an edge in your trading strategy. Knowing the difference between Wealthsimple Trade and managed investing, how USD accounts work, and which stocks and ETFs are eligible for dividend reinvestment can make all the difference in optimizing your investment approach. With the right knowledge, you can navigate Wealthsimple Trade like a pro and take your trading to the next level.

What’s the Difference Between Wealthsimple Trade and Managed Investing?

Wealthsimple Trade and managed investing are two sides of the same coin. With Wealthsimple Trade, you’re in the driver’s seat, making individual trades and building your portfolio one stock or ETF at a time. It’s hands-on and proactive. Managed investing, on the other hand, is where the robo-advisors come in, crafting investing portfolios based on algorithms and your risk tolerance. It’s a set-it-and-forget-it approach, ideal for investors who prefer a hands-off strategy.

How Do USD Accounts Work in Wealthsimple Trade?

USD accounts in Wealthsimple Trade allow investors to trade U.S. securities without the constant need for currency conversion. This is a game-changer for those looking to invest in companies like Tesla or Google without incurring a fee every time a trade is made. It’s about efficiency and saving on costs, which can add up over time. Understanding how to leverage USD accounts can significantly impact your investment strategy and returns.

Which Stocks and ETFs are Eligible for Dividend Reinvestment in Wealthsimple Trade?

Dividend reinvestment is a powerful tool for compounding your investments, and Wealthsimple Trade makes it easy to take advantage of this option. Most stocks and ETFs that pay dividends are eligible for reinvestment, allowing you to automatically use those dividends to buy more shares. It’s a smart way to increase your stake in a company or fund without additional investment, harnessing the power of compounding to grow your wealth over time.

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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”