| Through this article I will shed some light to what a | | | | Discount brokers typically do not offer any advice |
| broker actually does and how they benefit you. A | | | | and do no research - they just do as you ask them |
| broker in a nut shell is someone who has been | | | | to do, without all of the bells and whistles. |
| educated in the techniques of selling and buying stock | | | | Rule of thumb is that if you're a newbie into investing |
| from the stock exchange. | | | | then I would suggest you find and use a full service |
| Stockbrokers have to pass two difficult tests to | | | | broker, as they offer you the whole package. You |
| obtain their license onto selling and buying stock. | | | | may pay a little more but you will have the peace of |
| These tests are comprehensive and most of the | | | | mind that your investment is being looked after in |
| stockbroker's background comes from business or | | | | the right way. |
| finance, with bachelors or master degrees. | | | | If you got a good knowledge on investing then I |
| There are two types of brokers which you must be | | | | would guide to take the discount broker as you will |
| aware of: | | | | be saving a lot of money on fees there for you will |
| Full service brokers: | | | | increasing you investments profits quite considerably. |
| Full service brokers can usually offer more types of | | | | Good fortune for your future investments and |
| investments, may provide you with investment | | | | ventures. |
| advice, and is usually paid in commissions. | | | | To your success, |
| Discount brokers: | | | | Pedro Magalhaes - Mentor of Change. |