Here is the greatest irony of investing - You need to have a broker to be whole.
Okay, it’s corny, I know.
But kidding aside, you need the service of a broker for you to invest in our stock market.
Sad to say, you can’t make your million alone. You’ll need their presence.
These brokers place orders in the stock exchange in your behalf. In exchange, they receive some commission for every buy or sell transaction they match for you.
Two Types of Brokers
Before, there were only people brokers.
This is the chaotic scene you’ve seen in the Wall Street movie.
If you have parents or grandparents who have invested in stocks, most probably they have done it through live brokers.
They would contact their broker buddy thru a phone call, and instruct them audibly their desired transactions.
And these people depend on newspapers business page to know the market results the previous day.