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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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