Wednesday, April 6, 2011

Q: How do I choose a broker?

Q: How do I choose a broker?

A: Whatever you do, do not depend on a broker for trading advice. With few exceptions, they are salesmen not traders. If they could trade, they wouldn't be brokers. I suggest one of the major discount firms in Chicago. Unless you require some special service not every firm provides, choose the one that will give you the lowest commission rate.

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