Choosing the Best Broker for You

Stock Brokers are like choosing shoes. You have to pick the shoe that fits you best. You can't get a shoe that is a size 6 when you wear a 9. You want your stock broker to fit your needs.And finding the right one to fit your needs comes with research and a little bit of time investment before capital investment.

The main thing you want to base your decision off of is your capital. Your stock broker of course charges commission. But the difference between all stock brokers is that they all charge different rates. You really don't want to find yourself paying too many fees expecially if you are a small investor.

Frequent trading causes you to read charts daily. You have to follow your invests so finding the broker with the lowest fees is setting yourself up for high profits. Most brokers give out discounts to people trade often. E-Trade has been known to throw discounts to new online traders.Analyze your investment and fees because alot of times you will find that if your fees are high then over time they can eat up your profits. That defeats the whole purpose in trading.

High net investors usually already have around a 1 million dollars in the market and this comes automatically with a discount per trade, depending on the broker you choose. It only makes sense because you have more than enough breathing room to charge off your fees.

Short sellers are people who have more than a few stocks to trade off. Your chose of broker should involve one who has access to your shares. If anything you may want to go with interactive brokers when dealing with short shares.

A casual investor is what most people fall under when first starting off. You are most likely usually trying to invest less than $200k.If this is the case then you are probably going to be putting your money into index funds of some kind. Discount brokers would most likely fit you. Your trading won't be excessive at all and talking with your broker often isn't going to happen. You can try out TD ameritrade since their trades are extremly reasonable.