How to Select a Stockbroker - 5 steps guide
To help you get the best returns from your trades, you will need a good broker. I would recommend staying away from online brokers and those offering discount brokerage and instead focus on finding a good traditional broking service. It will cost more per trade but believe me, this will be a small price to pay for better order execution and service rendered. A good broker will always get you in and out of the market at better prices that an automated online system and will be there for you at all times. And this will make a difference to your profits. Here’s a few rules on what to look for when selecting a broker.
5 Steps to Selecting a Quality Broker:
1. Must specialize in the market you are going to trade. Ask them how long they’ve been transacting on the particular market and what their level of experience is. Give preference to a broker that’s been around for at least 10 years and seen some ups & downs.
2. Must allow Contingent Order placement. That is, allow you to place a buy stop, stop limit, stop loss and take profit orders that are triggered based upon the price …click here to read more