| Would you like to learn how to trade stocks like a | | | | managing their clients' accounts directly. If you are |
| pro? Well after you read this article on stock market | | | | not planning on trading stocks full time then you will |
| investing basics you will be well on your way. | | | | not need a full service broker. |
| In this article on stock market investing basics I am | | | | · Discount brokers - With discount brokers you pay |
| going to teach you about brokerage houses. A | | | | for what you get. If you use full service brokers you |
| broker is someone who has passed a test called a | | | | will be charged full price regardless of how many of |
| series 7 exam administered by the Securities and | | | | the brokers services they use. Discount brokers on |
| Exchange Commission and gives them the necessary | | | | the other hand have a price structure broken down |
| qualifications to buy and sell stock for their clients. | | | | like a menu. |
| Brokerage houses are nothing more than a firm | | | | · E-brokers - The rapid growth of the internet has |
| composed of stockbrokers. | | | | created a third kind of broker the E-broker. These |
| As well as having the qualifications to buy and sell | | | | electronic brokers have grown to massive sizes in |
| stock brokers are also the own people who are | | | | the few years of their existence. They have very |
| legally permitted to buy stock. So like it or not you | | | | little overheads and because of this their charges for |
| must use a broker to buy stock. There are three | | | | buying as selling stocks are far lower than physical |
| kinds of brokers. | | | | firms. |
| · Full service brokers - A full service broker manages | | | | Now that you have learned these stock market |
| his or her client's accounts directly and charges the | | | | investing basics you will be well on your way to begin |
| highest commissions. They are usually very hands on, | | | | trading stock like a pro. |