The financial occupation of a security trader is a highly rigorous and pressure filled position. A security trader must constantly be aware of the current market position, as well as be able to predict in the near future what the market will do, based both on past outcomes and personal predictions.
A position as a security trader is likely to be highly dictated by one’s own self-motivation. Yearly income is based on commission, and being able to get new clients as well as retain old ones is based purely on the performance of the broker. If the broker can not provide a monetary gain for his client, then it puts more pressure on both the broker and the client, which could strain the relationship. Entry level individuals may find long hours and commission to be cumbersome out of the college environment but can eventually lead to be the keys to success within the field. Advancement within a firm also is based on the broker’s work ethic, as it is solely up to the broker to decide how far he wishes to advance within the securities exchange market.
Andrew Charbonneau
Finance 323: Investments
Prof Kish
A security sales and trading agent is a financial occupation that I would hope to pursue upon graduation. Being a trader is something that has always been of interest to me, as it seems as though the fast pace and constant changes within the market would be a challenging yet rewarding job. The exchange of securities is an aspect of finance is under constant technological advancement, as computers have revolutionized the way that traders can trade bonds and stocks. Once there was only floor trading, but now thanks to the benefit of computers, desk traders have become a growing and more prominent part of securities exchange. The internet has also allowed for the globalization of world marketplaces, and is another reason for this growing financial division. Aside from globalization, the internet has allowed for more online trading firms to open, expanding the need for traders.
Generally speaking there are two kinds of traders: floor traders and desk traders. Floor traders is the occupation of one who physically runs around the trading floor like the New York Stock Exchange looking for buyers and sellers for their tickets. The floor broker will receive the order electronically when on the floor, and then will try to find the best price for the security that they are buying or selling.
Here are some of the unique features of Forex trading that attract private investors just like you:
My personal goal is to get to a point in my career in the financial field where I am financially stable and experienced to the point where I am able to leave whatever corporate financial job I have at the time. I would like to leave that position to pursue self-employment as a day trader. Like most people the idea of the freedom’s related to self-employment is attractive and I am no exception, these goals relate to both
Margin Financing and Securities Lending: Perhaps the most important role of prime brokers is to act as an intermediary between hedge funds and counterparties, such as investment banks and institutional investors, that are available to provide margin financing and securities lending. With the help of prime brokerage teams at banks and large securities firms, hedge fund managers are able to secure margin loans from commercial banks in order to provide the fund with the cash necessary to purchase stocks and bonds. Prime brokers also identify pension funds and other institutional investors with stocks an...
The industry of securities brokerage (or named stockbroker) may be divided into three categories: the multinational financial giants, the traditional adviser-based stockbrokers and the internet-based stockbrokers.
The career I wish to pursue is that of a stockbroker. I am extremely interested in the trading of stocks and financial holdings so the career of a stockbroker just seems to fit in with my overall plan. Numbers have also always been a fascination of mine and the trends of the economy and long term financial outlooks have often interested me greatly. Stock broking is a risky business that one needs to be prepared for highs and lows if choosing to pursue. You must understand what a stockbroker truly does to even begin to follow this as a life long career.
My God there are so many careers out there, who in the world can pick just one. That’s what’s been weighing on my mind heavily is what career is right for me. I’ve thought of a couple that interest me but I want to find out everything there is to know about a financial advisor. The reason that I’m interested in this field is how everything is the same when it comes to the actually math behind the career. Also I like to deal with people and money so a job as a financial advisor just seems right for me but I intend to find out as much as I can to make sure there’s nothing surprising or any kinks in what sounds like the perfect job for me.
When I was given the choice to any job that I want to do or research I choose a financial advisor. The reason that I choose a financial advisor is because it has always interested me. The reason that it interested me was because my dad has been a financial advisor for most of his life. This means I have a little better understanding of the job than the person next to me. From what I have heard from my dad it really makes me want to go into this same career. From the information that I know I like the job but, that’s why I did this research to learn more and see if the job would fit me as a person. I hope to find a job that will let me interact with people and not keep me at a desk all day.
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
This career peaks my interest since in this role I will have the opportunity to construct my future and I will never stop learning. The constant innovation in finance is commonplace and it creates a work-day that is fast paced and so with this career, I see a promising future. This career interests me also because I will have the chance to practice what I have learned in school and the career places a premium on consistent results, rigorous analytical ideas or thoughts,
A stock broker is an agent that charges a fee or commission for executing buy and sells orders submitted by an investor. Stock brokers can either independent or part of a brokerage. If you are a stock broker you will be trading stocks that your clients have purchased or you purchased for them. A broker is a job where you are trusted with others funds to make more funds by either selling or buying. To be a stock broker you will need to be a great problems ...
During the Movie “Wall Street” Gordon Gekko is constantly stating that greed is good. Bud Fox, who idolizes this man, is fascinated at Gordon Gekko’s high-performance work practices. Bud notices that Gordon is regularly closing deals and wants to become just like him. While closing deals are the sole point of working on Wall Street there, there are laws that all stock brokers must abide by. In watching this film I looked for the long term goals and what I found interesting was that everything seemed to be random. The market fluctuates at such a fast pace that the only way to deal with setting up any long term goals was to make a plan for only a short period of time. Gordon Gekko was a shark in his field, and as he took on Bud as an apprentice he showed him all of the wrong ways to make a quick sale. Any type of long-term
Before being cultivated with cocaine and hookers as the key to success in Wall Street, Jordan Belfort demonstrated the incontrovertible advantages of positive business communications. One of which pertains to the effectiveness of corresponding with customers over the telephone. Especially for stockbrokers, having a conversation over the phone is pivotal when trying to sell a stock to a potential investor. Jordan Belfort begins his process with a potential client by stating his name, where he was from, and what he had to offer. This is a method of gaining the trust of a customer that he does not know. Furthermore, he engaged the customer with an optimistic attitude and stated how the stock could affect him or her in the best way possible. By providing the customer with onl...
I am currently majoring in Finance at Carlson School of Management, and I have decided to explore the career and future growth of a financial analyst. I chose to explore this career because some of my cousins work in this field and I’m interested in numbers and analysis. I also have an interest in following the stock market and working in a stimulating environment. What sets me apart from others is that I’m able to use time management efficiently. I’m able to study and complete major assignments while still finding plenty of time to socialize with others. Having taken StrengthsQuest last year, I learned that I strive for the future, I’m often positive, and I’m a believer in harmony. I believe in consistency, the idea that all people should
Whether it is dealing with the stock market, electronic commerce, portfolio diversification, or just simply allocating your assets, finance is more than just managing money. As technology progresses, the financial industry will advance and the demand for financial planners and managers could go down. However, there is no specific formula for allocating your wealth or for investing in the stock market. Every person and company is different, and the stock market changes constantly. People will always be running a business or a school, saving for retirement, financing a home, and investing their money. That is one of the reasons why I find finance so fascinating. Even if you aren’t making a career out of it, economic and monetary skills are vital for the rest of your life. Needless to say, finance is and always will be a diverse and ever-changing
The intensely competitive, action-oriented, profit-hungry world of investment banking can seem like a bigger-than-life place where deals are done and fortunes are made. Investment bank includes but is not limited to bringing an established company to the market, by that I mean taking company with the capabilities but not capital of expanding, and raising money through other investors or the stock market (IPO) for a commission, I chose this field because of my personal experience with my father and his company, I’ve seen him go from starting off as a cold calling broker, to running a brokerage firm, to starting a brokerage firm, all the way to having his own investment firm. I feel like I would do better with jobs where you set your own hours and work at your own pace. A lot of the work is commission based so the more your work the more you make, this would also benefit me because it would drive me to work more, money is my motivation. To be hired you will need good people and communication skills, highly analytical skills, high ability to synthesize and high creative ability. You will also need experience in modeling, valuing companies, and financial accounting.