Hello friends,
To introduce myself, I am a VRS Opted Retired Banker from SBI,61,Bachelor and currently settled at Patna,Bihar.I have been associated with stock trading for last 25 years,most of the times lost and some times gained.Blind faith in this market has cheated me most and at this Old age by loosing huge sum I had to learn lessons. Still, I am not away from the market as I love to do it or say, gone somewhat habituated.Knowledge has increased when the fund has shrinken. I have now,nothing to conceal and nothing to be sorry.
I started just as a raw hand, when ,in Bihar there was almost zero equity culture, learnt through trails and error and have now fair knowledge on trading,investment,Options,Futures and Commodity Trading.This is just all that.
Incidentally, I seek some informations and Referances on Discount Brokerage Houses Operating in India,as I viewed them operating in Newyork and some other foreign countries with following features:
Discount Brokers --
Discount brokers came into existence in 1975 when the New York and American Stock Exchanges agreed to abandon the minimum commission schedule previously imposed on all members. These new, less-binding regulations encouraged the emergence of discount brokerage firms that charged lower commissions in return for less personalized service. Discount brokerage houses vary widely, but almost always have cheaper fees and commissions than full-service houses. Personal attention and specific investment advice are generally not part of the picture, but the discount broker usually offers convenient access to trading and customer services through a toll-free telephone number. Brokers at discount firms are often paid relatively more in salary and relatively less in commissions than their full-service counterparts, giving them less incentive to induce you to trade. On the other hand, the lack of sales incentive may make your dealings with a discount firm more impersonal, and often you will not deal with the same individual on a regular basis. Note that the gap in the degree of service between full-service and discount firms has narrowed considerably over the past decade, as has the gap in commission rates.
Members who are having some informations on this issue my please advise me accordingly at [email protected]
Thanks,
Prabhat
To introduce myself, I am a VRS Opted Retired Banker from SBI,61,Bachelor and currently settled at Patna,Bihar.I have been associated with stock trading for last 25 years,most of the times lost and some times gained.Blind faith in this market has cheated me most and at this Old age by loosing huge sum I had to learn lessons. Still, I am not away from the market as I love to do it or say, gone somewhat habituated.Knowledge has increased when the fund has shrinken. I have now,nothing to conceal and nothing to be sorry.
I started just as a raw hand, when ,in Bihar there was almost zero equity culture, learnt through trails and error and have now fair knowledge on trading,investment,Options,Futures and Commodity Trading.This is just all that.
Incidentally, I seek some informations and Referances on Discount Brokerage Houses Operating in India,as I viewed them operating in Newyork and some other foreign countries with following features:
Discount Brokers --
Discount brokers came into existence in 1975 when the New York and American Stock Exchanges agreed to abandon the minimum commission schedule previously imposed on all members. These new, less-binding regulations encouraged the emergence of discount brokerage firms that charged lower commissions in return for less personalized service. Discount brokerage houses vary widely, but almost always have cheaper fees and commissions than full-service houses. Personal attention and specific investment advice are generally not part of the picture, but the discount broker usually offers convenient access to trading and customer services through a toll-free telephone number. Brokers at discount firms are often paid relatively more in salary and relatively less in commissions than their full-service counterparts, giving them less incentive to induce you to trade. On the other hand, the lack of sales incentive may make your dealings with a discount firm more impersonal, and often you will not deal with the same individual on a regular basis. Note that the gap in the degree of service between full-service and discount firms has narrowed considerably over the past decade, as has the gap in commission rates.
Members who are having some informations on this issue my please advise me accordingly at [email protected]
Thanks,
Prabhat