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Before you can buy shares on the stock exchange, you must first open a stockbroking account and deposit some funds into it. Stockbrokers offer two types of accounts - discretionary and non-discretionary. The discretionary account gives your stockbroker licence to buy and sell shares on your behalf without consulting you. With a non-discretionary account you make all the buying and selling decisions. We advise the non-discretionary account. You should also make sure that your broker offers a good trading platform which shows the depth of the market (i.e. the best three bids and offers for any listed share).

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