They had dealt the final blow to the easy-money trading commissions that had fed generations of stockbrokers and formed the financial foundation of Wall Street brokerage firms. Over a 48-hour span, E-Trade, Schwab and TD Ameritrade, industry giants many times Robinhood’s size, cut commissions to $0. A few months later, Merrill Lynch and Wells Fargo’s brokerage unit followed suit.
Now, anybody can start making money from the markets with a basic understanding of how the market works, decent trading capital, and the right trading tools. In fact, financial trading tools such as bots, trading algorithms, AI, and social trading makes it easier to become successful at trading without having advanced degrees or any specialized training.
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