Mittwoch, 25. März 2009

Broker

When you plan to start trading you´ll come earlier or later to the point where you have to make your decition about the broker you´ll go with.

During my trading "carreer" i had at least 10 different brokers, all with advantages and disatvantages.
At the end of the day you´ll have to realize, that there are only a few criterias the broker must met.

In my opinion a broker has to have:
1) a HIGH reliability !
this comes first because any system outage could cost you more then you can imagine.
2) a LOW commission strukture !
Because your commission strukture will judge about your profit and loss. The more commission you pay, the more you finance others.

Thats it. Sounds to easy ? Nope, thats all you need.
Sure, there are some soft criterias but at the end of the day you can summarise the hard criterias to the named two.

Besides Interactive Brokers there are only a few brokers that meet this criterias in combination.

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