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KIC000008 - Brokerage Accounts You can choose from two...

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- "1 "I I- Buying & Selling Securities Commissions Commiss.lons (SSO sban: price) 200Shrel 500 Sh.~ 1,000 Shun FuJl_Suvjce BroJurS 5150 $200 5300 A.G. f.,dw.nls Merrill Lynch tnscount Brokers 5100 5125 5150 Charles Schwab Fideli.)' Brokerage Deep D~coulT1 BroJ,,-eN S5(J S7S SIOO Olde DiKDllnt Quick & Reilly SC>UfCC: FvntlrmJtmm~ ojlnw:srmenL<, Comdo &. Jordan (2002). Types of Orders • A m akke! (cxder is a buy or sell order that is to be executed ~:!iatelY at the current market price. • A Ilmrt: CXlJf.f is an offer to buy or sell at a specified price. _ Limit buy order: if the price drops below x, then buy _ Limit sell onier: J!.~:ises above x, theD sell • A ::Y:rp ~ doestheoppositeofa limit order _ Stop-lOSS order. iftbe pritz drops below x, then sell _ SlOP-buy order: if the price rises above 1:., lhc:n buy Brokerage Accounts You can choose from two types of accounts to open - Cash account - Margin account • To open an account. you need to choose a broker - Full-service - Discount - Deep discount , Commissions: Large Online Brokers Brokff J.temet Addren Co",,,,i,,,io. for Silllplo!
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