Except for money, time, knowledge and luck, before trading, you will also be needing the services of a stock broker. The stock broker's role in stock trading can be compared to the role of a paint brush to the wall you are painting. Confusing? Read definition below to be enlightened.
A stock broker s a licensed individual or group that is legally allowed to conduct securities trades for others. Also, A stock broker is defined in investopedia as the following;
1. An individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor.
2. The role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
3. A licensed real estate professional who typically represents the seller of a property. A broker's duties may include: determining market values, advertising properties for sale, showing properties to prospective buyers, and advising clients with regard to offers and related matters.
Traditionally, only the wealthy could afford a broker and access the stock market. The internet triggered an explosion of discount brokers, which allow investors to trade at a lower cost, but don't provide personalized advice. Because of discount brokers, almost anybody can afford to invest in the market.
Read more: www.investopedia.com
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