Your Stockbroker Can Really Help You

To trade on the stock market you must use the services of a certified stockbroker. Stockbrokers can offer a lot more than just trading shares on the market for you. They will monitor share prices, and provide advice to you on which shares to follow that have the potential of moving in the right direction. You can receive a number of services from a broker and you will either be charged a set fee or a commission for these. Brokers can perform trades, can offer you market advice and manage a portfolio for you.


It may be that all you want to do is buy and sell shares so a broker will follow your orders on this. The broker will help novice traders with jargon etc but will only execute the trade and not offer advice on it. A commission is usually charged for this service and is often calculated against the total value of the trades that you want executed. Buying and selling shares on behalf of investors is the most common service a broker will provide.


The offering of advice is the next most common service. Providing advice is a more costly service as it involves a lot of work from the broker and considerable expertise as you will be advised on stocks that will potentially make you money. It is also likely that the broker will give up a lot of time to you to confirm that you understand and are comfortable with all the recommendations. This is really important if you are a novice in share dealing and the payment will probably consist of a fixed fee plus trade commissions.


Discretionary and advisory portfolio management services are available from most brokers. There is a big difference between the two, an advisory portfolio service is where a broker will examine the market and provide several recommendations for you of stocks with potential and then it’s up to you. If you choose a discretionary management option, then your stockbroker will work the portfolio without your input providing you with regular reports on how well the picks are performing.



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