Trading Shares With A Stockbroker

If you want to trade stocks on the market then you have to use a qualified broker to do this. But they will do much more for you than just execute trades. They can track share prices, and provide advice to you on which shares to follow that have the potential of moving in the right direction. A stockbroker can offer you a wide range of services and they will charge different fees for these services. Brokers can perform trades, can offer you market advice and manage a portfolio for you.


It may be that all you want to do is buy and sell shares so a broker will follow your orders on this. The stockbroker will not offer you any advice with a trade only service and this service is open to experienced traders and newcomers. A small percentage of the total trade amount is usually charged for this most basic of services. Buying and selling shares on behalf of investors is the most common service a broker will provide.


Second to offering basic trades is the provision of advice to investors. Providing advice is a more costly service as it involves a lot of work from the broker and considerable expertise as you will be advised on stocks that will potentially make you money. The stockbroker will also spend time with you to make sure that you understand everything that is being recommended to you. This is really important if you are a novice in share dealing and the payment will probably consist of a fixed fee plus trade commissions.


Discretionary and advisory portfolio management services are available from most brokers. There is a big difference between the two, an advisory portfolio service is where a broker will examine the market and provide several recommendations for you of stocks with potential and then it’s up to you. A discretional portfolio management service allows your broker to decide what your portfolio will be and trade on it without requiring any decision making from you.



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