S (1 An arrangement where the broker provides advice and guidance to the client,
ID: 2788104 • Letter: S
Question
S (1 An arrangement where the broker provides advice and guidance to the client, but investment decisions remain with the client Discretionary Trading Advisory Dealing Contingent Trading Execution Only Save Question 6 (1 point A type of order that purchases lor se your security at the lowest price currently available. : Limit Order Market Order Stop-Buy Order : Stop-Loss Order Save Question 7 11 point) Since commissions can lead to potential churning, value-based advisory fees are the best arrangement for an investor True Faise Save Question 8 (1 point) Your broker should do all of the folowing for you EXCEPT Never pressure you or use scare tactics Provide information available only to people inside the organization Clearly explain the logic behind their advice Be forthcoming about how changes or events could affect the outcome of a purchaseExplanation / Answer
Answer for 5 is Option A . As the traders decide what to buy .
Advisory trading is where the broker provides the advise to stock .
Contingent trading is where trading of one stock is interrelated to another stock
Execution only means buying or selling a stock.
Answer for 6 is option b Market price is where you purchase at the lowest available price .
Limit order is where we instruct the broker to buy or sell at certain price or a better price
A buy-stop order is an order to buy a security which is entered at a price above the current offering price, and it is triggered when the market price touches or goes through the buy-stop price
Stoploss is an Order to buy or sell a security a certain price at which you want to stop your losses.
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