Is a discount broker good for a stock market newbie trader?

carlos · Moldy

Is a discount broker good for a stock market newbie trader?

mollyquizz · Moldy

Hi, I see your point and feel your concern. So, to find a high-quality and reliable broker who is able to find the most attractive solutions for the trader can be rather challenging. It was important for me to have a license and the term of work on Forex. I chose webull tradersunion.com/brokers/fond/view/webull/. And for me this is a great choice. I learned how to buy stocks and a lot of other information about forex.

mizery · Moldy

If you are a newbie trader, I highly discourage discount broker services to you. Please dont be enticed by the low brokerage and take a hasty step into the stock market The reason I discourage it is because it is simply just a PLATFORM with no customer service, no advisory services, and no suggestions.. How is a newbie supposed to know what investment is the right one? How will they judge their investible surplus, and risk appetite and make the correct strategic moves in portfolio planning? This requires expertise advice, at least initially.. Go for a full service broker instead. There is an option called ACE from Motilal Oswal that gives pre-packaged stocks. I know a lot of people who started off with that and then slowly stepped foot inside deeper.