Trading Online and Choosing a Broker

Choosing a Broker

So you've decided that you want to invest in stocks or mutual funds. Before you can buy or sell, the first thing you'll need to do is choose a broker.

Choosing a broker can seem like a daunting task. Should you choose a traditional in-the-flesh stock broker or an online broker? In either case, how can you trust either with your hard-earned money?

There is really no one-size-fits-all answer. It all depends on your ability to manage your own investments. If you aren't comfortable buying and selling your own investments, you may want a traditional financial advisor or broker to do your buying and selling for you.

On the other hand, if you enjoy buying and selling stocks and mutual funds, and know when you want to buy and sell? Then you probably want to sign on with an online broker. The problem is that there are so many online brokers - so how do you pick one?

The one thing that is certain is that most will promise to have the best tools for traders. The problem is that unless it's your full-time job and you really know all the tricks of the trade, being a trader is really only beneficial to the brokers. This is because brokers only make money when you buy and sell stocks, and traders tend to buy and sell frequently.

Since brokers tend to cater to traders and not investors, then as an investor, all that really matters when choosing a broker are the cost per trade and quality of customer service. That is why I chose TradeKing.

TradeKing is one of the major online broker that offers both trades at less than $5 per trade and award-winning customer service. today and start saving on broker fees now!

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