| The primary requirement for trading stocks, bonds, | | | | little or no maintenance costs associated with your |
| and other commodities is to have an account with a | | | | brokerage account. |
| stock brokerage firm. You may save a little bit of | | | | This is something that you will need to keep in mind |
| money on fees and maintenance charges associated | | | | when you are looking into discount stock-brokers. |
| with your stock-brokerage account with one of the | | | | The advantages as well as disadvantages will need to |
| many discount stock-brokers available online. Discount | | | | be weighed. Discount stock-brokers have a different |
| stock-broker are an excellent option especially if you | | | | amount of experience than other certified financial |
| are an experienced investor who may not need to | | | | experts. This lack of training and expertise can at |
| take advantage of all of the additional research tools | | | | times lead a person to get a stock broker at a |
| options offered by full-service stock-brokers. | | | | discount rate. Several of the trading companies |
| Discount stock-brokers can be used to conduct your | | | | employee these discount-stock brokers in order to |
| basic trades on a daily basis while saving you a lot of | | | | act as a middle man for the person wanting to |
| money. | | | | commit the trade. The broker is acting simply on |
| It should be noted however that not every trader | | | | instructions that they are given as to what they are |
| will be best served by the services of discount stock | | | | to do with a particular trade. |
| brokers. For the most part discount stock-brokers | | | | This is both a curse and a blessing in the fact that |
| are the best choice for experienced traders who | | | | you save money while not getting any of the tools |
| know how to conduct their own research and | | | | that a regular stock broker will give you. |
| market analysis. If you are new to stock trading and | | | | Discount-stock brokers are not always a bad thing, |
| are not familiar with all of the intricacies and complex | | | | many people find that they serve a useful purpose in |
| strategies of stock market investing in you should | | | | the fact that they can do the things that need to be |
| probably stay with using full-service stockbrokers. For | | | | done involving a trade without any of the other |
| those of the trading for few years however, | | | | hassles. If you are new to the markets however, |
| discount stock-brokers may be an excellent choice. | | | | then the use of discount-stock brokers might not be |
| One of the major disadvantages to discount | | | | good for you. The use of discount-stock brokers can |
| stock-brokers effective for the most part you have | | | | be a very risky choice unless you are fully prepared |
| no help when you need it. Discount stockbrokers do | | | | to do all the extra work associated with the trade |
| not offer any type of live person-to-person advice, | | | | that is normally done by the brokers at a full-service |
| research, and more comprehensive analysis; in fact | | | | stock brokerage firm. |
| most of them offer flat-rate monthly packages and | | | | |