ONLINE BROKERAGE HOUSES
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The introduction of online brokerage services has
changed the rules considerably in the brokerage industry.
Technically speaking, online brokerage services can be classified
into the categories of full-service, discount, and deep-discount.
However, the cost effectiveness of this new medium has allowed many
brokerage houses to expand their services while reducing their
prices. Many online brokers are beginning to offer services
comparable to those of full-service brokers (such as online
research materials and online educational materials) at prices
similar to or below those of discount or deep-discount brokers.
When you are choosing the broker and brokerage house
that are right for you, it is important to consider all the
options. You should select the type of brokerage firm based upon
the kind of trading you plan to do and services you require.
Once you have found the right brokerage house,
it is time to learn how to make a trade.