A full service broker is your 'eyes and ears' to the markets.
They should have at least 6 years experience in the industry.
They can be an invaluable asset in your futures trading business.
Yes, I said business. Treat futures trading as a business
and seek out the best 'partners' and trading tools to help
put more of the odds of success in your favor. The Full Service
broker can offer you insight into the what's and whys of a
markets movements, keep you abreast of economic reports that
can affect your positions, be a sounding board for your ideas
and provide you numerous trading tools that you can add to
your Traders ToolBox. The Full Service futures broker should
be able to offer you Quotes, Charting, Research, Market Reports,
Opening Calls on the markets and a free papertrading account.
Papertrading is a mock account that you can use to get your
feet wet before risking any money. These are essential items
and should be part of your checklist when selecting a broker
to use. Full Service brokers do charge a higher rate than
other brokers, but they can also assist you in making more
money in the markets by offering their advice and the items
I listed above. When comparing brokers, rates should not be
a deciding factor. You are paying for the knowledge of a professional
and should be willing to pay for it. It makes sense that the
broker that works for you wants you to be successful and will
work very hard for you. That, sometimes, is the difference
between success and failure in this business.
Futures and options trading involves substantial risk of loss and is
not suitable for all investors. Clients may lose more than their initial
investment.
Past performance is not indicative of future results.
