Stockbrokers act as middlemen who execute buy or sale trades on behalf of traders. They are associated with a brokerage firm and deal with both institutional and retail customers. In exchange for their services, they charge a commission or flat fee. Gaining access to the stock markets, like the New York Stock Exchange (NYSE) and NASDAQ, used to be incredibly expensive. However, with advancements in technology, brokers are now readily available and are able to provide a service that is far less expensive.
Stocker brokers are highly qualified and go through training in order to understand securities. They can save you time as they perform extensive market research in order to stay up to date with the latest news which may impact the market. They take into account clients goals and risk tolerance in order to provide sound advice and try to ensure the best price possible for every trade.
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