Business is no child’s play, especially when it comes to the buying and selling of shares. Things can get very tricky if you open an online brokerage account with the wrong firm. Instead of minting money here, your investments will be at risk. So, the sensible thing to do here is to think hard and make a wise choice about opening an online brokerage account with the right firm. In case you are willing to try your hand at earning by selling and buying shares, you can easily open an online brokerage account. Before you take the final step, here are some things to consider before you open an online brokerage account. The first step is to choose the kind of brokerage account you think is suitable for yourself. If you are interested in saving some money for your future concerns, then a traditional brokerage account will be suitable for you. In case you wish to open an online brokerage account for saving money for your retirement, then an IRA will be the sensible choice. Once you have decided which account to open, then the 2 nd step will have you compare the cost and incentives that the different online brokerage firms have to offer.