{"id":657,"date":"2010-08-25T13:41:23","date_gmt":"2010-08-25T17:41:23","guid":{"rendered":"http:\/\/thestockmarketwatch.com\/learn-stock-market\/?p=657"},"modified":"2016-04-26T14:53:07","modified_gmt":"2016-04-26T18:53:07","slug":"brokers-and-online-trading-conclusion","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/learn\/brokers-and-online-trading-conclusion\/","title":{"rendered":"7) Brokers and Online Trading: Conclusion"},"content":{"rendered":"<p>Part of the success you will have through investing is not through which stock, bond or mutual fund you buy, but rather with the broker you&#8217;ve chosen. Brokers are your direct line to the market. On your way to building a sound investment portfolio, brokers are behind your every step into accomplishing your investing goals.<\/p>\n<p>Let&#8217;s review some key points on brokers:<\/p>\n<ul>\n<li>Brokers are the people or business entities who handle customer orders in trading securities.<\/li>\n<li>Brokers are salespersons too.<\/li>\n<li>Choose a broker that suits you just as you choose an investing vehicle that is in line with your personality.<\/li>\n<li>In opening accounts, brokerages may require you to deposit from a few hundred dollars up to thousands of dollars or nothing at all.<\/li>\n<li>Depending on the type of brokerage, they will charge commissions through every trade you make.<\/li>\n<li>Full-service brokers offer more services but at a higher cost.<\/li>\n<li>Discount brokers are more affordable but don&#8217;t offer extras.<\/li>\n<li>Watch out for hidden fees.<\/li>\n<li>Online brokerages have changed the industry by lowering costs and blurring the distinction between discount and full-service brokers.<\/li>\n<li>Always do a background check on brokers and firms you are not familiar with, before doing business with them.<\/li>\n<li>The type of account you need depends on the type of securities you want to hold.<\/li>\n<li>There are several ways to execute an equity order and you must communicate this to your broker.<\/li>\n<\/ul>\n<ul class=\"lcp_catlist\" id=\"lcp_instance_0\"><li><a href=\"https:\/\/www2.stockmarketwatch.com\/learn\/brokers-and-online-trading-accounts-and-orders\/\">6) Brokers and Online Trading: Accounts And Orders<\/a><\/li><li><a href=\"https:\/\/www2.stockmarketwatch.com\/learn\/brokers-and-online-trading-choosing-a-broker\/\">5) Brokers and Online Trading: Choosing A Broker<\/a><\/li><li><a href=\"https:\/\/www2.stockmarketwatch.com\/learn\/brokers-and-online-trading-full-service-or-discount\/\">4) Brokers and Online Trading: Full Service Or Discount?<\/a><\/li><li class=\"current\"><a href=\"https:\/\/www2.stockmarketwatch.com\/learn\/brokers-and-online-trading-conclusion\/\">7) Brokers and Online Trading: Conclusion<\/a><\/li><li><a href=\"https:\/\/www2.stockmarketwatch.com\/learn\/brokers-and-online-trading-what-does-a-broker-do\/\">2) Brokers and Online Trading: What Does A Broker Do?<\/a><\/li><li><a href=\"https:\/\/www2.stockmarketwatch.com\/learn\/brokers-and-online-trading-the-costs\/\">3) Brokers and Online Trading: The Costs<\/a><\/li><li><a href=\"https:\/\/www2.stockmarketwatch.com\/learn\/brokers-and-online-trading-introduction\/\">1) Brokers and Online Trading: Introduction<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Part of the success you will have through investing is not through which stock, bond or mutual fund you buy, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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