Traders who trade frequently and who trade through mutual funds may require more help than what no-frills low-cost brokers offer. They will require financial information and tools, up to the minute research, a full selection of services, bill payments, and a checking account. There are many full-service brokers with platforms on the internet. Traders should shop among the brokers and check the fees and commissions charged and choose the broker who charges the lowest fees among them.
Novice traders should start small using a discount stock trader. These traders charge a flat fee and do not charge a commission for each completed trade. The novice trader can trade often using small amounts to develop a strategy by signing up with discount brokers or low-cost brokers. Flat fees are charged for buying and for selling stock by low-cost brokers. Traders can use expert analysis of stocks from other financial websites when trading through these low cost because they will not offer any additional services of analysis and stock research.
Customer service is an important consideration before signing up with a low-cost broker. Novice traders may need help through their transactions and should choose a broker with a customer service that promptly attends to the needs of the trader. In Part 4 of our series on Dow Theory, we focused on the third tenet: major trends have 3 phases. In this article we are going to focus on the fourth tenet, which is a leading indicator of future direction: the averages must confirm each other.
Novice traders should start small using a discount stock trader. These traders charge a flat fee and do not charge a commission for each completed trade. The novice trader can trade often using small amounts to develop a strategy by signing up with discount brokers or low-cost brokers. Flat fees are charged for buying and for selling stock by low-cost brokers. Traders can use expert analysis of stocks from other financial websites when trading through these low cost because they will not offer any additional services of analysis and stock research.
Customer service is an important consideration before signing up with a low-cost broker. Novice traders may need help through their transactions and should choose a broker with a customer service that promptly attends to the needs of the trader. In Part 4 of our series on Dow Theory, we focused on the third tenet: major trends have 3 phases. In this article we are going to focus on the fourth tenet, which is a leading indicator of future direction: the averages must confirm each other.
No comments:
Post a Comment