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Starting Out in Shares the ASX Way, 3rd Edition by ASX

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CHAPTER 5How to buy and sell shares

Before you can buy your first share on the sharemarket you need to find a stockbroker to act on your behalf. Only authorised market participants can buy and sell shares on the ASX.

Stockbrokers

There is a range of stockbroking firms and some have offices in regional centres as well as capital cities. Furthermore, online trading means there are many brokers offering services over the internet.

When advising clients, stockbrokers are legally obligated to take into account the financial situation and investment objectives of their individual client investors. A good adviser is one who understands your needs and speaks your language.

A stockbroker acts as your agent

Only stockbroking firms or their authorised ...

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