How to start using an online broker?
1. Sign up: create an account with the broker of your choice. The registration process will involve providing some personal and financial information.
2. Make a deposit: This money will be used as a source to purchase investments.
3. Select investments: Use the information and advice provided by your online broker to select the most suitable investments.
4. Make a transaction: Make a purchase or sale of your selected investments using your online broker account.
Why do we need a broker?
A broker is a professional who helps you buy or sell investments such as stocks, securities, bonds, funds and more. A broker gives you access to financial markets that you might not otherwise have and helps you buy and sell investments.
The broker also provides investment advice and can help you choose the best investments for your financial plan. In addition, a broker can provide information about current market conditions and trends, which can help you make investment decisions.
In short, a broker provides you with access to the financial markets, advice, and support in making investment decisions.