Who Is A Stock Broker And Its OfferingA online stock broker is a qualified professional who is registered with one or more stock market and provides stock market investment related services to his or her clients. The services include various activities including buying and selling stocks, providing consultancy on stock market investments and managing one’s stock market investments. There are different types of stock brokers primarily categorised based on the variety and extent of services that they provide. The basic service that a online stock broker provides is to provide platform for investor to buy and sell stocks. This type of brokers merely executes the instructions of the clients and completes the formalities to formally buy or sell stocks at the stock exchanges and charge a nominal fee for the brokerage services. This type of service is particularly beneficial for those who are well conversant with the functioning of the stock markets and keep regular tab on the market. As the final decision of buying or selling a stock will remain with the investor so he needs to be well aware of the market and other factors that affect the stock prices. Now there is another type of stock brokers who provide stock market quotes and guide the investors on stock market investment with regular feedbacks and tips. In this case, it also provides the decision of selling and buying the stock lies with the investor; they are effectively guided by the stock broker. As you can easily understand that this service is much more than just executing instruction and involves a team effort; however, the charges of these services are also relatively higher. But if you are not in a position to regularly keep track of the stock market movements but have the knowledge and experience to take the final decision, this is the service that is perfect or you. Then there is another type of stock brokers who are much more than just a broker. In fact the range of their services goes beyond just stock trading. These brokers basically double up as stock brokers and investment planner. This kind of broker takes account of the investors finds and gauge their investment objectives and then take care of the stock market investment all by themselves. They plan the investments, decide which stocks to buy and which stocks to sell and do the formalities as well. As you can fairly understand that charge for this service will be much more and it is suitable for those high net worth individuals who have adequate funds but do not have the time to take care of the investments by themselves. Then there is another type of stock broker, the online stock brokers, who provide online stock trading services. In this case, the investors have to do the trading and make decision themselves. But for that they need not go to the stock markets. They can execute the buying and selling actions with just a few clicks of and sit at their home or office. The best thing about the online stock trading is that it offers real time trading. Moreover, as there is no paper work and no middleman involved the brokerage so the commission is significantly lower than any other type of stock brokerage. These are the reasons that more and more investors prefer online trading these days. These are the different options that you have got for trading at the stock market. Now you have to decide which one is the best stock market trading option for you before you select your online stock broker and start investing in the stock market.
Wednesday, November 21, 2007
Online Stock Broker
Free Online Forex Trading Course
To attract more Forex trading customers, most Forex dealers offer free real-time quotes, charts, and online order entry platforms on their websites. They may also provide demo accounts to practice trading with free real-time quotes which, one might say, is rather like getting a free online Forex trading course. If you are new to Forex trading, it should not hurt to try a free online Forex trading course. Forex trading is sometimes perceived as easy to get into, probably too easy. If you have the money, a brokerage firm will open an account for you.But though easy to get into, Forex trading is not easy. For one, you need to draw up a trading plan to guide you; but few brokers will sit down with you to develop such a plan. To get a feel for trading as you develop your trading plan, you could check out a free online Forex trading course and learn from the insights and exercises in it.One insight you can get from the free online Forex trading course is that there are differences among Forex traders. There are many who approach Forex trading with a gambler’s attitude, while others are more circumspect speculators. The free online Forex trading course will probably show you what makes them different.You would find out that speculation is engaging in a risky business transaction on the chance of generating profits. Speculation is not gambling, and your free online Forex trading course will warn you against the latter. Gambling generally involves pure chance and blind luck.Forex trading is based on the currencies of countries with real issues of trade flows, surpluses or deficits, changes in interest rates, and economic stability. A free online Forex trading course will explain that Forex speculators must strategise carefully, research thoroughly, and plan realistically if they ever hope to understand what is happening on such large macroeconomic dimensions.That is fundamental analysis, though, and you probably will not get as much instruction about it in a free online Forex trading course. What you will have plenty of will be technical analysis and techniques of using the charts to guide your Forex trading decisions. Still, your free online Forex trading course can teach you to strategize and plan based on the charts.If you as a small speculator are not careful, you can get caught in a perpetual cycle of losing. For instance, you may read something in the newspaper that looks like a sure-fire trade. You might then hype yourself up about how much money can be made from the trade, and proceed to execute it without any strategy, research, or planning. That would surely be unwise. Look at the trading plan that you developed with the assistance of the free online Forex trading course. Surely the free online Forex trading course advised you to make a well thought-out trading plan. It need not be more than two pages or so, but it will be your most vital navigational map in the tricky waters of Forex trading. It will tell you how much you are willing to lose on a trade; it should tell you when to enter a trade, when to exit a trade, and show you how you can protect your profits. As you keep practicing the simulations on the free online Forex trading course, you will feel more confident about Forex trading. And always remember to submit yourself to the discipline of your trading plan. In Forex trading, the cliché is that you ride your profits and cut your losses. Your free online Forex trading course will show you that a trading plan brings that cliché to life.