Check their research reports and if they provide any form of education to help you trade in the market. Trading using gut feelings or tips is not advised and it would only lead to losses in the long run.
The cost that the brokerage firm charges you and the level of service that they provide are key factors to consider. Mobile access, research tools and the investment offers are also crucial things that should be checked before you open an account.
If you are a beginner then look for a brokerage firm that gives personal investment advice. When you learn how to trade yourself and get the confidence then you could look for a firm that gives you some advanced trading tools and margins to trade.
If you want to trade yourself then make use of an online broker who gives discounted services. These brokerage firms would let you trade in stocks and other asset classes and also let you trade in mutual funds, options , certificates of deposits, exchange trade funds and retirement funds etc. It will be your decision only whether you want to buy or sell the investment .To begin investing you will not need a whole lot of money.
It is important to gain education if you want to start trading. Read the financial news and listen to the podcasts or enroll yourself into an investment course to understand how the security market works and how traders trade in them to make money. You can join an investment club where you could discuss your trading skills with other experienced traders.
Note that just reading will not make you be successful in the market. You need to practice your strategy to know whether it works in the live trading market. For this you could start to trade with an online broker who offers a demo trading account. This is where you could practice your skills and then test your strategy to see if it works, without investing any of your money.
It can be really confusing to trade in the market if you are a beginner. All that you need is the correct information, a good foundation and knowing how to gradually increase your funds.
If you are a beginner then take care to not invest more money than you can afford to lose. Make decisions based on what you can lose and then begin slowly. Once you have made some profits then you can reinvest the profits back into other trades. Get the facts here.