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5 Compelling Reasons to Open a Robinhood Account
And 1 Big Warning
Whether you are an active day trader, a long-term investor, or you have never bought or sold stock in your life, you’ve probably heard about the trading platform called Robinhood.
Robinhood revolutionized stock trading because they were the first commission-free brokerage platform.
Until a few years ago, a cost money to execute a trade. The sounds foreign and crazy now, but commission-free trading was unheard of.
Everything changed when Robinhood jumped on the scene because all established brokerages changed their model to remain competitive in the day trading environment.
Robinhood has an interesting reputation because it can be a fantastic tool for affordable trading, while it is also synonymous with gambling in other circles.
Today I want to discuss five positive reasons to open our Robinhood brokerage account, as well as provide a big warning against practices that can have a catastrophic impact on your finances.
Access to Markets
Trading stocks used to be expensive and complicated; Robinhood opened up the market to everyone with a smartphone.
This is a huge Advantage because anybody with a few extra dollars can invest…
