A Broker is an individual or company that place trades on behalf of traders. Actually a broker is an intermediate, like a grocery store act as a middle man between the shoppers and the production unit. A broker is a middle man between the financial instrument that trade on the market and the investors who buy them. We have to pay them a particular amount as a brokerage for their service. A broker has to have some minimum qualifications to act as a broker they should get the registration and license from the stock exchange. For that they have to pass the broker licencing examinations. There are a lot of companies also working as the brokering firms in India. For example, Sharekhan limited, Angel broking service, Reliance money etc.

A broker has great amount of responsibilities. Not only to manage their client’s money but also to stay up-to-date on the latest tax laws, market study and financial news to provide their client with the best profit. These financial agents work in a traumatic, fast paced environment, but for the right individual it can be a satisfying career.

One of the important things is to understand is that the brokers are the sales people. As we said they get a commission that is brokerage, when you trade. This will be our focus in the next section. There are two types of brokers, one directly contact to the clients and others are the intermediate with client and the large broker. When we prefer a broker we have to keep many things in our mind. Selecting an apt broker is not easy. For that first you prepare a list of facilities you need from a broker. A broker must be sincere with their customers and should be aware of their customer’s financial background, target area and risk tolerance.

• Brokerage: It is the important factor to select a broker. Try to select brokers who have less brokerage. That means don’t open an account with a broker who has low commission. But you have to aware of the fecilities which brokerage houses offered for the intraday and position traders.
• Customer service: Find out how punctual a broker is to address client queries.
• You should see whether the other charges and conditions are okay or not.
• What the others talk about the broker? That means, you should know more about your broker before entering into a trade.
• See how much of intial margin the brokering firm requires to open an account.
• In Some cases it is very difficult to take out your money from your account because your broker charges a fee to withdraw. So please make sure the rules to removing money from your account
• Identify more appropriate fees structure of the broker.
• Don’t blindly believe the brokers who give large amount of exposure. Believe in one who gives reliable exposure.
  

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  Below mentioned some blogs might be useful to better understand about Technical Analysis system and use of technical analysis software to pick accurate buy sell signals:

• What is the actual statistics of losers? Why this happen? How we can overcome this?

1. A Disciplined mind can be the Secret of Success
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4. Trading for an Awesome Future
5. Testing your trading system for Specific Results in FOREX, MCX, NSE, NCDEX, COMEX
6. Become a disciplined trader in FOREX, MCX, NSE, COMEX markets with best buy sell signal software

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