| There are different types of online discount stock | | | | While there have been some technical issues in the |
| brokers and also full service stock brokers. Discount | | | | beginning where you still needed the phone quite often |
| brokers offer very limited services with no personal | | | | to call the broker, today trading via the Internet has |
| attention, usually just fast order execution at minimal | | | | become extremely fast, reliable and cheap. The most |
| costs. Don't expect too much help or assistance from | | | | popular online stock brokers offer straight and easy |
| them because you pay for the execution only. | | | | software to execute the orders. Some brokers offer |
| If you need advice about which stocks to buy or when | | | | additional assistance upon request and at extra costs |
| to buy, then you should go with a full service broker | | | | like assistance with the order execution by phone or |
| who gives you the personal attention you need. He will | | | | access to detailed research material. |
| discuss trading strategies with you, make investment | | | | A third group of discount brokers has found a niche |
| plans and execute the trades for you. You can learn a | | | | serving hyperactive private traders (day traders) or |
| lot from an experienced stock broker who is active in | | | | institutional traders. These so called direct access |
| the stock market for years or decades already. | | | | brokers offer advanced trading platforms where the |
| Less than 30 years ago, there have only been full | | | | trader can choose between dozens of order routing |
| service brokers. Their extraordinary fees made their | | | | ways and order types just to save a few extra |
| services available to wealthy stock investors only. | | | | milliseconds in execution speed or to get a better price |
| These brokers controlled the market until the first | | | | than the others. The software also provides real time |
| discount brokers came in. | | | | quotes and charts with technical analysis at low |
| There have always been many investors who made | | | | monthly fees. |
| their own research and knew what they want to buy | | | | Online discount stock brokers will be here for a long |
| or sell and didn't want to pay the high fees of the full | | | | time because there will always be demand for cheap |
| service stock broker. The discount brokers became | | | | brokers. Today, the Internet is full of information where |
| very popular quickly. With the upcoming computer | | | | investors can educate themselves. Full service brokers |
| technology and the emerging of the Internet, the online | | | | are only used by investors today who don't have the |
| discount brokers took the market in storm. | | | | time to do their own research or to follow the quotes. |