It doesnt matter what you plan on investing in, you will likely have to go through a broker. When entering the world of the stock market for the first time, choosing a broker is your initial step and potentially the most important decision you will make. For example, what broker you choose can determine how much of your investment you can lose before they shut your account down.
1. Full Service Brokers
A full service broker is a full company that has its own team of market analists working for them. Their superior knowledge of the market can greatly assist you to make the right trade. In 1975, all of that changed and the discount brokers became the reigning champs of the investing world. In the last ten years, the internet has allowed individual investors to research and investigate potential stocks themselves, and even buy and sell stock. There have been advantages to the advent of the discount broker and online brokerage firm, but for some investors it has led to more mistakes in less time. The key is doing the research and investing wisely.
2. Discount And Online Brokers
On one end of the spectrum are the discount and online brokers. These...
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