The last chapter was about to find out your investment targets and how to set your mind not taking to high targets. Now we have arrived to stage in trading where we should take a look at the online trading sites and what should you know about them before picking out one.
In this post the Stock broker will describe the main brokers types. Maybe out of all of them you are going to use only one, still you should know what they are why to use their service or why not.
The first broker type is investment adviser or as some of them are called as a registered investment adviser (RIA). The investment adviser basically will help you understand the stock market situation and they will tell you what stocks to buy and when to sell etc. This advice will not come for free so it would be better to run the “show” by your self and learn something about stock trading.
The second type of brokers are discretionary agents. They will do all trading on behalf of you and they will get commission for every stock trade. Please make a note every share movement will cost you a money. It’s quite common to find out they have done unnecessary moves just to keep their commissions high. Our recommendations are it is better not to deal with them, save some money and make your own decisions. You do think they do trading better than YOU, maybe and maybe not as many people are in world so many opinions and all of them can’t be right. Why not trust your own opinion first.
The third type is a broker account with an only execution option. This type is quite common broker’s type since you are dealing through it alone. We do think your shares may gain more under your own trading and that is what you do need. In short, you are the only person who takes decisions and does all – buy stocks and sell stocks and so on. You will be responsible alone for all good or bad decisions you made or will make. You should prefer online trading sites who are offering this type of broker account with flat trading rates instead of a percent (%) commissions. The flat rates are easier to calculate and for bigger sums the commission will come more expensive in total. The rates stay be between 7 and 15 Euro or from 6 to 12 GBP. All rates are depends on a country and the trading site. You should look around and compare the rates and see the rates depending on market. Read about other commissions that may come along. Once you have a picture of surrounding make your decision and start to trade.
Our Stock broker has a list of sites bring out down with whom you can start, please note this list doesn’t contain all broker sites and it would be wiser to see more around using search engines.
Online Trading Sites in Belgium
Online Trading Sites in Ireland