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Finding the right broker is very important to successful stock market investing. We have come up with three tips to consider when you are looking to open a new brokerage account.
1. Mobile access – Nobody wants to be glued to a computer screen all day. Find an account that can be managed via smart phone so you can take your trading with you to execute trades on the road.
2. Trade execution – When you need to make a trade or adjustment, you need it done right away. Delay in execution will cost you money. Find a broker that has a lightening fast speed for filling orders.
3. Low commission rates – This is a big deal. Shop for low commission rates. The amount you pay per trade can make the difference between making hundreds, thousands, or even millions!
It comes down to weighing what is most important to you as an individual trader. Do market research on the different brokers and then narrow it down to three potential brokers. It would be wise to ask successful investors what broker they would recommend and why to help you make a decision. Either way, find a broker, open an account and start investing!
Please share what broker you use for your trading account.
