Thursday, January 29, 2015

Choosing a Stock Broker for Your Online Stock Trading


Digital stock market listings - Comstock/Stockbyte/Getty Images
Comstock/Stockbyte/Getty Images

If you haven't already opened a brokerage account with a respected stock broker, there's no point in reading any further. Instead, you should take a moment to go through our guide to choosing a stock broker. It will help you open an account so you can begin trading stocks. Once you've done that, you can come back here and continue with the Stock Trading Guide. Find out how to open a brokerage account with a stock broker ...

Understanding Your Brokerage Account and Statement

The best way to start investing is to open a brokerage account with a well-respected stock broker. Here, we'll explain how commissions work, what is considered "reasonable", and what you should expect

How To Read Your Stock Broker Trade Confirmations

Whenever you buy or sell an investment through your brokerage account, you are going to receive a special document called a trade confirmation from your stock broker. There are certain things you need to check on each and every trade confirmation you receive or you could end up losing a lot of money. Find out what to check on your brokerage confirmation reports

How Do I Choose a Stock Broker or Brokerage Account?

Now that you know the basics of how brokerage accounts work and why trade confirmations are important, it's time for you to set out to find your own, personal stock broker. There are two types of stock brokers in the world - full service stock brokers and discount stock brokers. They each have pros and cons. How do you know which one is right for you? Here are some things to consider

What's So Special About Full Service Stock Brokers and Brokerage Firms?

With their mahogany paneled walls, gourmet coffee, and tailored stock recommendations, full service stock brokers can cost a lot of money through higher fees, service charges, and commissions. But, in some cases, their research and planning help is worth every penny. Just what services do full service brokers and full service brokerage firms offer?

Are There Any Fees I Should Refuse to Pay My Stock Broker?

There are a few fees that are so outrageous, yet common among some stock brokers, brokerage firms, and banks that you absolutely must know about them. Take a minute to educate yourself and if you find your accounts with a broker that insists on charging them, take your business elsewhere. They are going to nickel and dime you for every penny you have to your name.

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