Get The Best From Your Stockbroker

To trade on the stock market you must use the services of a certified stockbroker. But they will do much more for you than just execute trades. Brokers will follow share prices, and advise you on potential gains to be made on positively moving stocks. Many different services are available from brokers now and they attract a commission or set fee arrangement. Brokers can perform trades, can offer you market advice and manage a portfolio for you.


If all you want to do is trade shares then a stockbroker will execute this for you based on your instructions and make the trade. The buying and selling service is available to novice and experienced traders alike but the broker will not provide any advice here. A commission is usually charged for this service and is often calculated against the total value of the trades that you want executed. 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. As the advice provided by the stockbroker draws on their expertise of the market and involves them in a lot of work to recommend profitable stocks to you a higher fee will be payable. You will receive a lot of the stockbroker’s time and assistance so you are clear on exactly what stocks are being advised and their profit potential. This is vital if you do not have experience in share trading and the premiums for this are often a mixture of commissions and one off fees.


There are two types of portfolio management service which are advisory and discretionary. If you go for an advisory portfolio service, the stockbroker will create a proposal for you of shares that have a good chance of being in profit for you, then you have to decide what to do. 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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