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Online Trading Brokers: best practices to choose them




When looking for an online trading broker, there are a few considerations that people need to make. Fees, commissions, and personalized services are factors that need to be taken into consideration when choosing a broker.

What do you need to know to choose an online broker that fits your needs?

Recently, competition among brokers has turned fierce and it has resulted in this being an interesting time to become an investor. Online trading brokers are offering more services, fewer commissions, and promotions to satisfy the needs of new and experienced investors.

Whatever you’re looking for, from a platform with complete information that matches your personal investing style and supports automated operations to reduced fees or promotions, we will discuss the best practices to choose an online trading broker, as well as offer tips and advice to make the right choice that will help you succeed in the investing world.

Best practices to choose an online broker

When choosing for an online trading broker there are a few things to keep in mind: commissions, fees, personal trading style, technological needs, broker services, minimum accounts, and current promotions.

Online trading brokers ask for different commissions and have diverse fees. Some have a complete fee that includes all their services. Other brokers charge for each service separately and that’s why it’s important to analyze their fee structure to understand to make sure you’re only paying for what you need and there are no “hidden fees”.

A broker that charges high commissions may take away a significant part of your profit, while a broker asking for a small fee may not offer the necessary investment advice that new investors may need.

Considering your personal style of investment and your technological needs is also important when choosing an online broker. Some deal with certain markets and others have a stronger presence dealing with certain bonds, stocks, or futures. Also, brokers offer trading platforms, and understanding your technological needs will assure you get the best possible service.

Experienced investors may lean towards a more complex trading platform, while newbies will need less complex tools and more investing support and advice. Some online brokers offer trading advisors and research platforms, but be aware of the possible extra fees these may represent.

When talking about minimum accounts, it’s necessary to take into consideration that some brokers require a high minimum because they don’t deal with small accounts. Other brokers don’t require minimum accounts at all, or their limits are quite low.

Another good practice when choosing an online trading broker is to check out their references and reviews. This could give you an idea of their reputation and adapt to your expectations.

You can find all the information you need to choose an online trading broker that suits your needs on this great brokers’ comparison website.

More suggestions to choose an online trading broker

Another suggestion to choose a broker is to check the reliability of their customer service. In the investing world, a few minutes may have an impact on your profits, so having fast and efficient customer service, either by phone, email, or online chat, may be of importance to you.

Some brokers offer extra benefits in order to attract new investors to their platforms. Some deals or bonuses may be worth your while and you should consider them when choosing a broker.

If you’re planning to do automated trading, that is to say, to do operations when you’re not in front of the computer, you may want to make sure your broker covers this feature as well.

In conclusion, in order to decide what online trading brokers is best for you, the first step is to understand what are your requirements and what do you expect from your broker.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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The Ultimate Guide to the Essential Social Skills in Business




Effective communication and strong relationships are essential for success in the workplace. One factor that can greatly influence these qualities is emotional intelligence, often abbreviated as EQ. EQ refers to the ability to identify, understand, and manage one’s own emotions, as well as the emotions of others. Research has shown that individuals with high levels of EQ are better equipped to handle stress, communicate effectively, and work collaboratively with others (Chamorro-Premuzic & Sanger, 2016).

Research has consistently shown that emotional intelligence (EQ) is an important predictor of job performance and success in the workplace. EQ is comprised of a set of skills that allow individuals to recognize, understand, and regulate their own emotions, as well as the emotions of others. In addition, individuals with high EQ are better able to communicate effectively, build relationships, and navigate complex social situations. As a result, they are often viewed as effective leaders and collaborators, and are more likely to achieve their personal and professional goals.

In fact, a number of studies have demonstrated the significant impact that EQ has on job performance and success. For example, one study of 85 upper-level managers found that those with higher EQ scores were rated as more effective leaders by their subordinates (Law, Wong, & Song, 2004). Another study of 151 employees found that those with higher EQ were more likely to be promoted within their organization over a five-year period (Carmeli, Brueller, & Dutton, 2009). These findings highlight the importance of EQ in the workplace and suggest that developing these skills can lead to significant benefits for both individuals and organizations.

According to a study conducted by TalentSmart, a leading provider of EQ assessments, EQ is responsible for 58% of success in all job types (Bradberry & Greaves, 2009). In contrast, IQ only accounts for about 4% of success in the workplace. This suggests that EQ is a crucial skill set for individuals in any professional field. Fortunately, EQ is a skill that can be developed and honed over time with practice and awareness.

There are several key components of EQ that are particularly important for success in the workplace. These include: 

Self-Regulation: This refers to your capacity to recognize and control your emotions. Sometimes treating them when they arise may be necessary. Understanding how to manage your anger is essential. However, it can also cover how to control the feelings you’ll experience.

Self-Awareness: This implies recognizing and understanding your own feelings. Do noisy places make you nervous? Do other people talking over you make you angry? Knowing these truths about yourself shows that you are working on your self-awareness. Being conscious of yourself is necessary for this phase, which can be more complex than it sounds.

Socialization: This category focuses on your capacity to manage social interactions and direct relationships. It doesn’t entail dominating others but knowing how to work with others to achieve your goals. This could entail presenting your ideas to coworkers, leading a team, or resolving a personal disagreement.

Motivation: Strong motivators include external forces like money, status, or suffering. Internal motivation, however, plays a significant role in Goleman’s concept. By doing so, you demonstrate your ability to control your cause and initiate or continue initiatives of your own volition rather than in response to external demands.

Empathy: It’s equally critical to be sensitive to others’ feelings. This may entail learning to identify different emotional states in individuals — for example, can you tell the difference between someone at ease and someone anxious? — but it also requires comprehension of how other people may react to their current situation. Empathy is one of the essential traits in business and business leadership.

A thought leader in this space, Michael Ventura has built a career advising organizations on the importance of emotional intelligence in the workplace. In his book, Applied Empathy, Ventura highlights the value of empathy in business and provides strategies for developing and applying this skill set. With two decades of experience as a leader, facilitator, and educator, Ventura’s work has made impact in with prestigious institutions such as Princeton University and the United Nations as well as corporate clients such as Google and Nike.

Through his work, Ventura advises leaders to focus on the development of EQ in order to help individuals improve their communication, collaboration, and leadership skills, ultimately leading to greater success in the workplace. Experts like Ventura continue to support the growing body of research on the value of EQ in business, and the evidence that organizations who invest in the EQ of their teams help to create a more empathetic and successful professional environment.

And it’s worth noting that EQ isn’t just important for individual success in the workplace, but also for overall organizational success. A study by the Center for Creative Leadership found that EQ was a better predictor of success than IQ or technical skills in the workplace, and that teams with higher levels of EQ tend to be more effective and productive (Boyatzis, Goleman, & Rhee, 1999). By cultivating a culture of empathy and emotional intelligence, organizations can improve their overall performance and create a more positive work environment for their employees.

In conclusion, emotional intelligence is a crucial component of success in the workplace, and individuals and organizations alike should prioritize the development of these skills. The ones that do not only develop a leading edge in their category, but also become a meaningful place to work for their teams. And in today’s rapidly changing talent landscape, the retention of highly capable, emotionally intelligent leaders is one of the greatest keys to unlocking success.


Boyatzis, R. E., Goleman, D., & Rhee, K. S. (1999). Clustering competence in emotional intelligence: Insights from the emotional competence inventory (ECI). In R. Bar-On & J. D. A. Parker (Eds.), Handbook of emotional intelligence (pp. 343-362). Jossey-Bass.

Bradberry, T., & Greaves, J. (2009). Emotional intelligence 2.0. TalentSmart.

Chamorro-Premuzic, T., & Sanger, M. N. (2016). Does employee happiness matter? Journal of Organizational Effectiveness: People and Performance, 3(2), 168-191.

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