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Important Facts about Online Financial Market That You Should Know

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Online trading can help you generate enough cash to pay off your loans. You do not require any educational qualification to start trading. All you need is funds in the bank account (minimum AUD$1000), a computer/laptop, an internet connection, and an account with a brokerage firm. The firm will be your broker and through him, you will buy and sell stocks. In return, you will pay him commission. How to choose a broker

You have two choices: full-service broker and discount broker. A full-service broker would not only let you trade but also offer many other services like trade advice, tax tips, tips on hot stocks, etc.

In short, as you enter the market, you will be guided fully. For its exceptional services, the broker demands charges and you are required to have a minimum account balance, which is higher than AUD$1000. Therefore, full-service broker is only for those, who have a substantial amount in their bank accounts.

For others, there is discount broker, who will allow you to trade and…