1) Brokers and Online Trading: Introduction

by · August 25, 2010

A broker is an investor’s direct link to Wall Street or the stock market. You will need one if you want to invest in stocks and bonds. The advancement of technology and the Internet have made it easier for investors to take control of their portfolios and to deal quickly with brokers.

It is a fact that in many professions there are people who take advantage of those who are clueless. This is a common stereotype for lawyers, bankers and accountants, and brokers share the same undesirable reputation with these professionals. But it is just a stereotype. A broker’s profession involves something that not anyone in the general public can easily do. It takes years of experience to become an expert in what they do so putting a price into the advice and service they give can be expensive. These are the full-service brokers who go as far as protecting their client’s interests. There are also several discount brokerages that still provide outstanding service for a reasonable price.

Choosing a broker is your discretion.  Pick a broker that meets your needs.  This tutorial will discuss important factors to help you in making that decision.

If you are new to investing and don’t have a solid understanding of the various securities, you may first want to read on the basics of stocks, bonds and mutual funds.