| Online stock brokers have helped in raising the whole | | | | suited for traders who need assistance in making |
| standard of trading service. Now traders can trade | | | | decisions and risk management, and are also good for |
| almost all financial instruments from the comfort of | | | | infrequent traders having no time for things like |
| their home and with more market information and | | | | technical analysis. |
| better tools. There are now a number of online stock | | | | . Discount online stock brokers - Greatest advantage |
| brokerage firms available who fit to every trader | | | | with these firms is discounted commissions. They |
| needs. Some offer generalized services while some | | | | charge much less than full-service firms but they do |
| others offer specialized services. | | | | not offer much trading advice and assistance. |
| Trading through online stock brokers offer many | | | | Discount brokers are suitable for traders who have |
| advantages over through traditional or full-service | | | | good trading knowledge and are able to make their |
| ones. First and foremost advantage is the reduction | | | | own decisions. There are also some deep-discount |
| in trading costs - because of their automated trading | | | | brokerage firms who charge amazingly low fees. But |
| procedure online brokers charge much less fee than | | | | never expect personalized services from them |
| traditional. Second is the speed of trade execution - | | | | because usually they only get your orders executed. |
| online brokerage firms can execute market orders | | | | 3. Day trading online stock brokers - These firms |
| almost instantaneously. Other advantages include | | | | take trading to the topmost active and automated |
| better accessibility from anywhere in world, better | | | | level. They tend to offer cheapest commission |
| control over decisions, access to real-time or near | | | | schedules, fastest market access and order |
| real-time market information and news, and lest | | | | execution, systems loaded with a variety of tools, |
| human interfere with trading procedure. But trading | | | | and much more. But they demand traders to fulfill |
| through online stock brokers not suit all types of | | | | certain account requirements which are usually |
| traders, especially who lack much knowledge. As the | | | | unattainable for a normal (less active) trader. Day |
| whole procedure is managed by computers, | | | | trading services best suited for day traders and |
| inaccessibility problems and system delays can cause | | | | scalpers. |
| problems for traders. | | | | Above classification is not a crystal clear one as you |
| As said earlier there are different types of online | | | | can find many full-service brokers charging discount |
| stock brokerage firms available to fulfill different | | | | commissions and day trading services, you can also |
| trader needs. Below is one reasonable classification. | | | | find discount firms offering good assistance and |
| 1. Full-Service online stock brokers - These are firms | | | | personalized service and can also find day trading |
| which offer advice and assistance, and a whole range | | | | firms offering flexible and relaxed account features, |
| of products to trade on. But in return of their high | | | | broker assisted trades and discount commission |
| personalized service they charge high. They are best | | | | schedules. |