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The Complete Idiot's Guide to Stock Investing Fast-Track by Ken Little

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The World of Stockbrokers

The world of stockbrokers is dynamic if nothing else. What seems like just a few years ago, you could divide the pie into two basic pieces: full-service brokers and discount brokers (older readers may remember when there was only one type of stockbroker—full-service with big commissions). What really shook up the world of stockbrokers was the internet and the ability to perform brokerage services online. Prior to the mid-1990s, discount brokers took your order by phone or you went into their offices.

STOCK TIP
Online brokers are also discount brokers, but they lack physical offices where investors can drop by to place ...

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