Chapter 5. Choosing a Brokerage Firm
Deciding on a brokerage firm is often taken lightly, but I argue that this decision can have a large impact on the bottom line of your trading. You probably have already spent, or intend to spend, a massive amount of time studying market theory and strategy. Apply the same intensity to choosing the firm that will be responsible for executing and clearing your trades and handling the incoming and outgoing funds from your account. Most importantly, choose a firm that you trust will follow appropriate regulations set forth to safeguard client funds. The PFGBEST and MF Global failures taught us that the rules regulators make are only as good as those following them and enforcing them. Furthermore, the brokerage ...
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