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Understanding Brokers

Brokers are a traders access point to the markets, get this relationship wrong and its a lot harder to make money.


My Trading Skills

Summary

Price
Free
Study method
Online, self-paced
Duration
1 hour
Access to content
Lifetime access
Qualification
No formal qualification
Additional info
  • Tutor is available to students
  • Certificate of completion available and is included in the price

209 students enquired about this course

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Overview

Brokers are a trader’s access point to the markets, so it's important to get a good setup. In this course, we are going to explain the role brokers play and discuss how & why regulation is really important. We are then going to show you what to look for in a broker and how to get set up with one.

Course media

Description

What you'll learn:

  • How to analyse a broker’s offering
  • How to potentially save yourself thousands in transaction costs
  • What brokers are and what they do for traders
  • The different types of broker
  • Why regulation is vital for retail traders
  • The services brokers provide
  • Online support and assistance

How to take the course:

Click through to the course page by using the 'Enquire now' button on the right of the listing. Students will need to create an account on the My Trading Skills site to take the course.

The course is online and on-demand, available on both desktop and mobile, so you can study at your own pace anytime and anywhere. Process through the video lessons, practice tasks and test how much you have learned with the knowledge check.

Who is this course for?

  • New traders that have practiced trading but want to learn more.
  • Competent traders who wish to have a refresh

Requirements

No knowledge prerequisites. Students will need to create an account on the My Trading Skills site to take the course.

Career path

This course is for individuals that want to learn how to trade for themselves.

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.