How shares are traded

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12. Conclusion

• Different brokers offer different types of service. Choose a broker that offers the service you want.
• Before making your choice, investigate the service thoroughly. Check the costs of dealing and the ancillary costs.
• When you trade, always bear in mind the liquidity of the stock you're dealing in, its NMS, and the spread.
• File contract notes, account statements and portfolio summaries, so that you have a back-up of their online equivalents.

You have now completed the course. To test your knowledge, take the Assessment test.

1. The role of brokers 2. What type of broker do you want? 3. Choosing a discretionary or advisory broker 4. Choosing an execution-only broker 5. Opening an account with a broker 6. Placing buy/sell orders by telephone 7. Placing buy/sell orders online 8. Normal market size 9. The spread 10. Contract notes 11. Settlement 12. Conclusion

• First Steps in Shares