If you're interested in
investing in the financial markets, one of the first things you
need to do is find a stock broker. A stock broker is essentially
the "middle-man" between you and the stock exchange. You place
an order to buy a stock and your broker fills the order by
buying those shares on the designated stock exchange.
In olden days, you as an individual
investor would need to work directly with a personal broker who
could then charge you outrageous commission fees ranging up to
$300-400 just to buy stock in a company. Fortunately, with
the advent of the internet age low-cost brokerages can offer the
same services for a small fraction of those costs. Discount
brokerages often let you trade stocks for less than $10 per
trade.
Discount brokerage firms allow you to place
trades directly on their website and those orders are then
passed to the stock exchanges and usually filled within a matter
of seconds. An added benefit of many of the discount brokerages
is that they have offices nationwide, so should you need to
contact someone it is generally easy to get a live person on the
phone to assist you.