An individual engaged in the profession of stock brokerage is a person who buys and sells stocks and other securities in the stock market on the behalf of a stock investor.
A stock broker offers different types of services to his clients.
The broker services depend basically upon the client's requirements.
Usually, an expert broker has in numerous ideas in his mastermind.
He fits the most suitable one according to the investor's requirement.
Some of the basic services provided by the stock market brokers include: (a) Execution: Under this service, the stock broker follows the trading as per the direction told by investor.
This is considered as the basic and most common service offered by the brokers.
(b) Advisory dealing: Under this service, the stock broker advises the investor about the selection of right stocks to be bought or sold along with performing the buying and selling instructions of the client.
(c) Discretionary dealing: This is considered as the complete service offered by a broker.
Under this service, the broker has the complete power to take the investment decisions on the investor's behalf.
The decision about which service to be subscribed relies completely on your choice.
Let us take an example.
Suppose you are an expert in analyzing the stock market and keep a regular watch on the variations in the market trend, it is fine for you to select a stockbroker to just execute your buying and selling instructions.
This way you will save the service charges and boost your confidence level a lot.
On the other hand, if you are a beginner or have just initiated your business in stock market or do not have sufficient knowledge of stock analysis or do not have enough time or resource to do thorough research on the stock market, the advisory service by the brokers would be suitable one for you.
The broker will not just execute your trading directions but will also offer effective tips and guidance to you for stock market investment.
You should go for a full service broker only if you do not have enough time or knowledge to maintain your portfolio.
Though it is the most costly broking service, you won't have to spend any time for your stock market investment.
The complete decision power is given to the broker you hire.
It is clear from the above discussion that these brokers have so much talent and assisting tools with the.
Now it is up to your requirement to select the right kind of broker for yourself.
For selecting the right broker, you should be clear about your personal qualifications in stock trading.
If you are a beginner to stock trading, do a good search on the Internet before selecting a stock broker for yourself.
Your research may include a list of features, services, minimum account deposits and commission rates offered by a different stock brokers.
A stock broker offers different types of services to his clients.
The broker services depend basically upon the client's requirements.
Usually, an expert broker has in numerous ideas in his mastermind.
He fits the most suitable one according to the investor's requirement.
Some of the basic services provided by the stock market brokers include: (a) Execution: Under this service, the stock broker follows the trading as per the direction told by investor.
This is considered as the basic and most common service offered by the brokers.
(b) Advisory dealing: Under this service, the stock broker advises the investor about the selection of right stocks to be bought or sold along with performing the buying and selling instructions of the client.
(c) Discretionary dealing: This is considered as the complete service offered by a broker.
Under this service, the broker has the complete power to take the investment decisions on the investor's behalf.
The decision about which service to be subscribed relies completely on your choice.
Let us take an example.
Suppose you are an expert in analyzing the stock market and keep a regular watch on the variations in the market trend, it is fine for you to select a stockbroker to just execute your buying and selling instructions.
This way you will save the service charges and boost your confidence level a lot.
On the other hand, if you are a beginner or have just initiated your business in stock market or do not have sufficient knowledge of stock analysis or do not have enough time or resource to do thorough research on the stock market, the advisory service by the brokers would be suitable one for you.
The broker will not just execute your trading directions but will also offer effective tips and guidance to you for stock market investment.
You should go for a full service broker only if you do not have enough time or knowledge to maintain your portfolio.
Though it is the most costly broking service, you won't have to spend any time for your stock market investment.
The complete decision power is given to the broker you hire.
It is clear from the above discussion that these brokers have so much talent and assisting tools with the.
Now it is up to your requirement to select the right kind of broker for yourself.
For selecting the right broker, you should be clear about your personal qualifications in stock trading.
If you are a beginner to stock trading, do a good search on the Internet before selecting a stock broker for yourself.
Your research may include a list of features, services, minimum account deposits and commission rates offered by a different stock brokers.