Some amateur traders are quietly and extremely successful, though whether this would be the case in a less bullish market is unclear. Active day trader. When trading stocks shifts from hobby status to an intensive preoccupation with short-term profit, the investor moves into a new group that requires specialized tools. Day traders and short-term momentum players make frequent intraday trades, and often don't hold any stock positions overnight. Some online brokers cater to this group by offering special software, information streams, and commission rates to customers who exceed certain trading minimums.
Mutual funds are a lot of fun, no doubt about it.
In a way, they are more complicated and challenging products than single stocks, yet they provide a safety net of diversity. The breadth of offerings cover just about every imaginable investing sector. A hand in every pot. Some skilled and ambitious folks like to use all kinds of investment vehicles to maximize their positions and diversify their investments. Types of online broker Brokers likewise can be divided into types.