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Online Stock Brokers
Broker Definition: a person who functions as an intermediary between two or more parties in negotiating agreements, bargains, or the like. One employed by a member firm of a stock exchange, who buys and sells stocks and other securities for customers.
Now of course, we are in the Information Age. Internet stock trading is one of the most valuable tools you can use to help you with your investing activities. Using a high end Online Stock Broker such as , gives you the control to do your own research and pick your own stocks. They allow you to trade without having a particular broker acting as your agent, you don't even have to talk to anyone about the stocks you are buying and selling.
When you use a Full Service Broker, you are paying for the dedicated activity of a so-called "Investment Professional", who can keep an eye on your investment day after day, make recommendations on what stocks to but and sell, research and investigate new opportunities, and try to balance your portfolio to match you individual investment needs. And you will definitely be paying for theses services, Full Service Brokers are the most expensive broker you'll encounter as you journey into the stock market. The types of stock orders you can execute are now the same for both style of brokers.
How a Full Service Broker Makes Money _______________________________________________________________
These brokers are paid by transaction, and not by their success in managing their clients' accounts. In other words, every time you buy or sell stock shares, your broker makes something just for handling the order for you. While there is not anything wrong with this practice, the fees can sometimes be quite substantial. Using a Discount Stock Broker eliminates this.
So when a broker calls you daily to "let you in on a hot stock deal", be careful and make sure the company is a really good investment before you toss your hard-earned cash into it. It's important to take a look at a full-service broker's investment history before you sign up for his services. If you are able to find someone you are comfortable with and feel you can trust, try to talk to other people who have worked with this individual before.
But be warned, you are giving up control into the hands of someone else. In my humble opinion, you are better off making those decisions yourself and use one of the many online stock brokers available. And there is NO excuse why you cannot empower yourself to do online stock trading. You simply just need to educate yourself on all the mechanics of the Stock Market. And after all....you have StockMarket-Coach to help and coach you along the way, so there is absolutely nothing to be afraid of!
The TradeKing Web-based platform features powerful online equity, options and fixed-income trading tools including real-time portfolio information, advanced order entry, customized charting and alerts, free research and integrated news, stock, option and mutual fund screeners, volatility charts, a pricing probability calculator, enhanced option chains and interactive educational information.
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