Using Free Trading Calls For Brokers
Free trading calls are sometimes referred to as show time, or demo calls. They allow you to make calls to your broker's during working hours. This is a good thing for both parties since the broker will know that the individual calling has a genuine interest in trading and will be a potential new customer who could become a regular customer.
There are many reasons to use free call to order services. The most important reason is that it allows you to protect your privacy. While your call is with your broker, your caller ID will display your details so you can view it if you wish to.
Online brokerage services have become big business. They have built systems that allow you to have access to all the latest information and tools at your fingertips. These systems have great features such as technical analysis charts and customizable stock screen resolutions.
But you do not need a large bankroll to take advantage of free trading calls. They are a very good way to get your feet wet in the online brokerage industry without investing large amounts of money. It can also be used to test out different stock screen resolutions and charts. You can also use them to try out different stock screening tools without risking any real money.
Not all brokers will allow you to place free trading calls. This is why you will find there are a limited number of choices for you when you start looking for a broker. With so many players in the market it is easy to get confused and end up with a firm you really do not want to do business with. It is necessary to do your homework so you can find a broker that has the best mix of features for you.
One of the things you need to consider is the amount of commission you would be required to pay. This is how much the brokerage firm will charge you for using their services. They will also have a range of fees they may charge to you for the free trading calls. These fees may include account setup charges, access charges, and the standard per minute charges. You should read through all the details before signing up with any broker.
Most brokers offer trade round-the-clock. There are some that you may need to call to get an appointment may require a minimum of 24 hours notice. If you have a busy lifestyle then it may be best to only use a broker who offers free trading calls on weekdays.
As you can see, free trading calls are great for both you and your broker. Even if you don't plan to use them regularly, you will still benefit from them.