Thursday, 2 July 2009

HOW TO PICK A BROKER ???

CHAPTER 15
HOW TO PICK A BROKER
Now, the question arises is HOW DO I PICK BROKER?
You should first decide whether you want a telephoning broker or he should be an online broker as well. Then next you should find the following factors.
 Quality of information
 How fast is the execution of trade
 The markets available
 Costs attached with them
 Check how much equities they would pay
 Would they provide with CFD’S
 How much fees would he charge on the unused cash in your trading account
 How much discounts. Penalties will be there on frequent /infrequent trading.
WHAT ARE THE QUESTIONS YOU WILL ASK DISCOUNT BROKERS
 How much do they charge for buying and selling shares?
 Do they have any subscription fees
 How do they buy and sell shares
 Do they deal with telephone and internet both?
 Do they offer trade discounts
 Do they offer and added services like alerts, dynamic market data etc.

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