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It is also important to evaluate firms history, how stable it is, etc. because if firm goes out of business chances are you might not be able to recover your money.
A good place to start figuring out what questions to ask of your broker is U.S. Securities and Exchange Commission homepage, they have a detailed page that outlines very good questions to ask. You could also check library for other investing resources. Make sure to take notes when you ask your questions and write down answers that you received, this shows broker that you are a serious investor.
Its important to consider that, as a beginner in investment world, you are sure to make mistakes. Everyone does, but its your ability to learn from these mistakes that will give you experience necessary to carry on and improve your results. The only logical way to learn from your mistakes is to write down everything you do, and evaluate it thoroughly. This way you will be able to acknowledge what mistakes you make, and help you avoid repeating them.
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