In time gone-by, the majority of investors would pick their stocks via a traditional stockbroker at a brokage firm. The transaction would involve paper based stock certificates being issued to the stock buyer. The types of investments available to "average investor" were also highly limited.
Today the same 'average investor" can trade anything from single stocks to currencies, commodities and indices-all with the simple click of a mouse-and without ever leaving the home.
But with choice come confusion-deciding on what stockbroker fits your needs like a glove can be a daunting process. This guide has been designed to give you a understanding of the different types of stockbrokers services that exist, and help you decide which on is right for you.
Here are just a few of the many issues that you will need to consider when deciding on your preferred stockbroker:
Do you feel comfortable executing your trade online,with one click ease, or do you prefer doing your business with a actual person, on the phone or even in person? The availability of technology has meant that firms are able to process large volumes of trades cheaply, so if you don't need a person to talk with to make your trades then there are a large number of "no frills" online brokages services that will allow you to do business for a few dollars per trade.
How many tranacitons you make will go a long way toward deciding which brokerage services is the right one for you. Some firms will offer price breaks for frequent traders-so if you're a day trader then you can find a service that far better equipped for your needs than if you were an ifrrequent investor.
Do you require a basic"execution only" service or do you require some advice when making your trade? Clearly an execution only service is going to be cheaper.
For more information: http://www.kajunstockbrokers.info
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