TeenAnalyst.com

Broker
Term category: General Investing
In 10 words or less:  A person /company who executes a buy  or sell order on behalf of investors...

Definition: A broker is a person an investor goes to when they want to buy or sell a stock.

Advice: Because shopping for stocks isn't quite as easy as, say, shopping for groceries, investors need a broker of some sort to execute their orders.  In exchange for this service, brokers charge a commission.

Many investors choose to use online brokers, which offer considerably lower commissions (as low as $5, versus $75 some traditional brokers still charge).  Unfortunately, online brokers also offer very little support and personalized service.

 

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