| A stock broker is a professional who buys and sells | | | | market trading. |
| stocks and other securities in the stock market | | | | If you are relatively new to stock investment or if |
| through the book makers from the stock investors. | | | | you do not have adequate knowledge of stock |
| As per the law in United States one needs to pass | | | | analysis or if you do not have the time or resource |
| the General Securities Representative Examination or | | | | to do thorough research on the stock market the |
| the Series 7 exam for working as a stock broker. | | | | advisory service is effective for you. It will not only |
| Brokers provide different types of services to their | | | | execute your trading directions but also provide you |
| clients. | | | | with effective tips and guidance for stock market |
| Execution only - In this service the broker only | | | | investment. Though it will be a bit more expensive |
| carries out the trading according to the direction of | | | | but then you can significantly gain from the technical |
| the investor. This is the basic and the most | | | | knowledge and experience of the broker and its |
| commonly used service of the brokers. | | | | research and analysis team. |
| Advisory dealing - In this service the broker not only | | | | The full service broker is the preferred solution for |
| performs the buying and selling instructions of the | | | | those who do not have the time or knowledge to |
| client but also advises the investor about which stock | | | | maintain their portfolio. In this case the broker takes |
| to buy and which stock to sell. | | | | all the decisions for investing in the stock market. |
| Discretionary dealing - This is the most | | | | This is the most costly broking service but then it will |
| comprehensive service that a broker provides. In this | | | | not require you to spend any time for your stock |
| case the broker has the discretionary power to take | | | | market investment. |
| the investment decisions on behalf of the investor. | | | | Just like the different types of stock broking |
| These are the basic services provided by the stock | | | | services there are different categories of brokers as |
| market brokers and it completely depends on you | | | | well. While choosing your stock exchange broker, it is |
| which service you will subscribe to. For example, if | | | | wise to select from the reputed stock trading |
| you are quite apt at stock market analysis and can | | | | companies as that will make sure you gain from their |
| regularly watch on the happenings of stock market | | | | robust infrastructure from analysis and experience in |
| and the stocks in which you invest, it is better to | | | | stock market. That also applies to selecting your |
| have a stockbroker to execute your buying and | | | | online trading company who will carry out the online |
| selling instructions. It will not only save the service | | | | trading on your behalf. |
| charges but also give you full confidence in stock | | | | |