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Brokers
Before get into investing you must open a Trading (brokerage) Account. How to select a broker and which types of broker etc are describing below:-
Brokerage businesses are categories mainly into two, depends on the services they provide: - full- service (full commission) and discount broker (discount commission)

Type of Brokers
Mainly categorised into two 1. Full service brokers 2. Discounted Brokers

Full service broker (Traditional) – They will provide a service package to their clients such as research and expert advices, Tax advises and tips, retirement plans, offering good range of mutual funds and estate planning services etc.. Are available for full time help, comparing to discount brokers their commission is more because of their expert advice and privilege of working.  Long back Stock market trading is costly and small investors can't access the market.  Some of the full services brokers are Dean Witter, Smith Barney, Salomon Brothers, Paine Webber, and Merrill Lynch.

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Full service brokers are acting like traditional way; they have access to all sorts of information about the market, and their teams of analysts who are researching stocks, bonds and mutual funds are able to give expert and professional advise this will help you to face market ups and downs and help you to make profit booking, They are aware about small movements of the market this will help them to guide you.

They are able to provide service for your financial needs, helping to planning your investment, tax planning, giving the services of accountants and lawyers to make financial strategies, estate planning and management. If you are giving authority to a broker to take over your account for you they will buy and sell shares on behalf of you. If you need these services you need a full time broker.


   

 

 

 

 

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Stock Exchange.in .... Stock Exchange Dictionary

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