On the basis of the type of investment investing you're planning to pursue, you perhaps need to hire a broker to manage your investments for you.Brokers can be found working for brokerage houses and having the capacity to buy and sell stock on the stock exchange. Now do you need broker or not? Yes,you do. If you intend to buy or sell stocks on the stock exchange, you must have a broker.

Stockbrokers usually are from finance or business background and they obligatorily must pass the two tests that are quite in difficulty level so that they can possess their customized stockbroker license.There are two stock terms related to personnel that are stock market analyst and stock broker and these are two entirely different defining in terms of work.An analyst literally is involved in analyzing the stock market, and predicting what it will do later or will not do, or how specific stocks will perform whereas a stock broker is only there to keep up with your instructions to either buy or sell stock and not analysis of stocks.
The way Brokers earn their money is that they get commissions on sales on our behalf in most cases. While you instruct your broker to buy or sell a stock, in this process earning a set percentage of the transaction is made by broker. Many brokers charge a flat ‘per transaction’ fee.

Brokers are also of two types namely as Full service brokers and discount brokers. Full service brokers has offerings of more types of investment investings and may assist you by investment advices and strategies , and fee for him/her is also usually paid in commissions.

Discount brokers differ in the sense that they just act like robots precisely programmed to do specific things only i.e they just buy or sell stocks on the basis of your instructions whilst not doing any research and providing advices and tactics.What you ask you get is their policy.

So, the decision of choosing up brokers is also of immense importance with reference to your skill and experience level.So, you have to decide whether you want a full service broker or a discount broker.

If you are new and unexperienced to investment investing, you may need to choose a full service broker to ensure that you are making wise investments. They can offer you the beginner skill that you lack at this point. However, if you are already have had knowledge and familiar about the stock market, then your needs might possibly deserve a discount broker to make your trades on behalf of you.