Related to the condition of investing in what you have plan to work, you are in indeed to hire a broker to work your investments for you. Several Brokers perform for brokerage homes and have the choice to purchase and give stock on stock exchange. You can think it on if you really need broker. Every expert investor will say Yes and definately it yes. If you willing to buy and sell stock in the stock market than you really need a broker.
Stockbrokers are necessary to give two variant tests in order to retrieve their license. These tests are very complicated, and many brokers have a background in business or finance, with a Bachelors or Masters Degree.
It is a neccessary thing to know the variants related to a broker and a stock market analyst. An stock market analyst go in with analyzes the stock market, and tells you about what it will or will not do, or how specific stocks will go on. A stock broker does not goes for analyzing it goes for telling you advice for buying and selling stocks.
Brokers revenue comes from commissions which broker sales on. When you guide your broker to buy or sell a stock, they get a small percentage of the transaction. Several brokers costs for per transaction.
There are two types of brokers: Full service brokers and discount brokers. Full service brokers can usually offer more types of investments, may provide you with investment advice, and is usually paid in commissions.
Brokers that give you discount on the advices do not give you proper advice – they only work for what you haved and no discuss breifly about the stocks.