Why You Need a Good Broker

Don t Overlook the Benefits of having a Good Broker So how do you go about choosing a futures broker? Whether you ultimately decide to go with a full service, discount, or electronic brokerage you should consider more than just the commission price. When considering a broker you should first consider the brokerage. Do they have a good reputation? Have there been problems with other clients that have not been resolved? The NFA (http://www.nfa.futures.org) acts as the Better Business Bureau for brokerage firms trading in US markets and you can contact them to find out if there are any black marks on the record of the broker or brokerage you are considering using. Secondly your broker should show proficiency for their craft. Some brokers specialize in one market and others have more general knowledge. Some can relate better to day traders and others to position traders. Some love to do spreads; others are whizzes at option trades. Whatever the case make sure they know what they are talki
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