I am going to explain about the valuable person in the stock-market-The Stock Broker, I know you are interested to know Who a stock broker is and what he really does?
Well, here comes the answer.. It can be said that a stock broker is a person or a firm that trades on its clients behalf, you tell them what you want to invest in and they will issue the buy or sell order. Some stock brokers also give out financial advice that you are charged for.
Well, the stock market is a secondary market for securities trading wherein original or secondary holders of a company’s shares of stock can sell their stocks to other individuals within the frame work of the stock market system.
Just a few time ago investing in stock market was too expensive and time-consuming also. People had to go through a full service broker which would give them advice on what to do and would charge them a hefty fee for it.
Fortunately, stock market prices fell down with a clear huge difference and now-a-days you can trade stocks for low rate.
You’ve got to be in it to win it, so don’t be afraid to try. If you are wrong, your trading plan is your safety net to limit your losses so that you can try again.
In the next article I will explain some of the types of stock brokers.
They are:
1.Full Service Providers
2.Discount Brokers
3.Direct access brokers
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