Selecting a broker

I have been part of a sharemarket club for two years and am looking to start trading. How do I select a broker?

You need to work out what sort of approach to investing you will take. Will you adopt a buy and hold strategy for the long term, or are going to be an active trader? Some brokers will charge more because they provide access to online tools, charts, live market data and research services.

If you are trading regularly, say at least once a week, then your main objective will be finding a broker with low commissions.

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Disclaimer: This is generic financial advice only. Any investment decision should be made after careful review of your individual financial situation, risk tolerance, investment objectives and time horizon. These Questions have been answered by Peter Switzer and Mark Leahy. Mark is the Managing Director of Switzer Financial Services. If your question is answered, it will be published in the Peter Switzers' Money Makeovers on Yahoo! Finance, and you will be notified by email.

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Selecting a broker