Do you Have multiple accounts in Stock and commodity and not taking benefit of that here some tips to take that.
If you are a stock exchange fancier, then you have acquired with the trends of the stock exchange. Having strategies to fall back on when the stock exchange is volatile, is one of the important aspects for any investor in the stock exchange. With the increasing pace of the stock exchange, the idea of having multiple accounts is rotatory. Lets take a look at the various reasons to have multiple trading accounts :.
Once you have started investing in the stock exchange, it would be ideal to have multiple trading accounts even if you have do not ever traded before. A individual trading account appears logically for individual investors. Yet, individual and multiple investors should look at having the convenience of multiple trading accounts. Most stock exchange experts suggest having multiple trading accounts, as it permits one to handle various portfolios with equal leverage. There are three superior reasons why investors should have standalone trading accounts and that can be cited below :.
I. When being flexible can help you reap benefits : When the market acts against or for your investments, quick and timely actions based on the movements of the stock exchange, are the most rewarding. With access to multiple trading accounts, you can easily respond to different market movements. A individual account often has limitations to the amount of movements you can respond to.
II. Benefit while executing trades : Whether you are day-trader, swing-trade or even a long term trader, its important to have multiple accounts. Multiple trading accounts give leverage to the trader or the stock broker that is normally not available with a individual account. Its easier to tap into opportunities when one does not have trading limitations that are usually imposed on traders with individual accounts. Not only will one be capable of making multiple trades, but it will also be possible trade at any time.
III. Each investment has a standalone account : Investments can be diversified. The stock exchange has a varied number of asset classes which can not be ignored. Dont restrict yourself with one account that invests only in mutual funds ; open another one in shares and a third perhaps in commodities. Having the convenience of multiple accounts can help earn profits with investments in these diversified segments.
Convenience is the key result of having multiple trading accounts. One should not be restricted by having limitations to the number of trades one can conduct. Opt for the accessibility of having multiple trading accounts within one platform. Link all your accounts so that you can easily track them. If you are interested in having a stock broker manage your accounts, ensure that they consolidate multiple trading accounts. With this integration, your stock broker will also be able to track the trading accounts with ease. Look around for stock brokers who supply user friendly software system to control and supervise multiple trading accounts.
The role stock brokers have acquired in a big way during the last few years. Now brokers are not just here to buy or sell stocks on behalf of their clients. They play a bigger role in helping an investor wade through whole investment process ; providing research based totally advice on stocks to helping client to invest in alternative assets ; and subscribing to IPOs and mutual funds schemes.
Apart from this, brokers also offer funding facility for investors who are looking to take leverage position.
So, the traditional brokers have translated themselves into a one-stop investment solution provider.
Let us now look at some of the important roles the new age stock broker plays in a clients investment journey.
Buying & Selling stocks.
This is the primary purpose of a broker. Brokers act as an intermediary for their clients to transact on a stock market. He buys and sells stocks for individuals who have signed up with him as clients.
With the onset of on line trading facilities investors could narrowly execute trades on the trading platform offered by the brokerage house.
After closing of the transaction, brokers forward info related the trade to their clients and make transfer arrangement for the stocks purchased. And also send the report points and margin requirements.
Research & Advice.
Most of the broking businesses firm have set up in-house research team that scans companies and stocks as well as analyze the macro-economic scenario that impacts the stock exchange. With the inputs from the research team, brokerage house puts buy or sell recommendation on stocks.
Personalized service : Most broking firms assign a relationship manager to interact with the client who would act as an advisor Kinship mange.