Brokers

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Brokers The shopkeepers of the stock market
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BROKERS

• Buy and sell shares
• Traditional i.e. Merrion, Davys, Goodbodys etc
• Online Discount Brokers, i.e. E-trade,
  Sharewatch, ODL Securities
• Advisory vs Execution Only

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QUESTIONS YOU NEED TO ASK A BROKER

• What are the costs of buying and selling shares?
• Are these flat fees or commissions?
• Is there a charge to set up the account?
• Are there account maintenance fees?
• How can I monitor my positions, trading history
  etc?
• If I open an online trading account, what
  software is available and what are the costs
  involved?

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QUESTIONS YOU NEED TO ASK A BROKER

• What rate of foreign exchange will I be subject
  to if I would like to trade another currency?
• Is there a minimum required to set up an account?
• Do I have to trade a minimum per transaction?
• How do I fund my account (is there a charge for
  that?)
• Does my money earn interest in my account and if
  so, how much?
• What markets can I trade through?

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Now, your own research