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. Brokers will follow share prices, and provide advice to you on which shares to follow that have the potential of moving in the right direction. Many different services are available from brokers now and they attract a commission or set fee arrangement. 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 buying and selling service is available to novice and experienced traders alike but the broker will not provide any advice here. A commission is usually charged for this service and is often calculated against the total value of the trades that you want executed. The basic service of trading shares on the market on behalf of investors is the most popular use of a stockbroker.


Second to offering basic trades is the provision of advice to investors. 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. You will receive a lot of the stockbroker’s time and assistance so you are clear on exactly what stocks are being advised and their profit potential. 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.


There are two types of portfolio management service which are advisory and discretionary. If you go for an advisory portfolio service, the stockbroker will create a proposal for you of shares that have a good chance of being in profit for you, then you have to decide what to do. 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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