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In order to
maximize your trading potential, you will want to select
a good broker or online trading system whose strengths
will allow you reach your investment goals. What does
good mean? It means good for you, your trading
style, your personality, and your needs.
One of the
best methods for developing a list of what you want
from a broker is to review exactly what youll
need from a broker or online trading system and a list
of expectations of what youre looking for in a
broker.
Do
you have the time to follow the markets and sort out
the important information by yourself and, if so, will
the trading firm you select provide you with this information?
Will
you require immediate access to real-time price quotes
and how much will your trading firm supply for you?
Are
you a new trader who will need the expertise of a broker
or do you think youre ready to trade on your own?
Perhaps
youre not sure and need a brokerage firm that
supplies both?
are available to their customers whenever they are needed.
When they arent personally available, they see
to it that an assistant or associate is. You should
never be out of touch.
will help you overcome your limitations and satisfy
your needs. They will be responsive to your requests
for information.
are honest. You must trust and have confidence in him/her.
If the broker evades or glosses over the high risk involved
in futures trading, beware. You should receive a serious,
no holds barred discussion about the unlimited nature
of the losses that can be sustained in futures trading.
dont come apart from the pressures of trading
even if theyre on the wrong side of the market.
Ask for some reference of past customers you can call.
Ask the customers how the broker performed when the
account was in a drawdown. The best brokers dont
let it ruffle them because losing money is a large part
of futures trading.
do their homework. Find out how they trade. What system
do they use? Are they fundamentalists, technicians or
a combination?
and traders are very disciplined. They spend hours studying
the market and refining their system. Probe to get a
feel for the daily routine of prospective brokers. Your
personal broker will ultimately know what markets interest
you and follow, chart and spot opportunities in these
markets for you. Avoid brokers who are routinely using
high pressure, time sensitive communication for directing
the trading decisions for your account.
Your W&S should become
your partner; you make money together. We
want you to not only keep the money you have in the
markets, but also increase it. We
will assist you in any way we can.
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To find
out more about us, check out About
Wasendorf & Son. |
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If you
have any questions, a Customer
Relations Rep or Broker can work with
you, or |
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You can
contact us through
this web site. |
We look forward to a long
future
together.
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