| Trader, broker, market operator... All these terms | | | | The trader intervenes between the salesman who |
| make quite a few people dream. Who has never | | | | takes care of the "sale" to customers and the |
| thought about being in the skin of Bud Fox or | | | | backoffice responsible for managing the practical |
| Gordon Gekko "playing" with millions of dollars? The | | | | execution of the order and management of securities |
| trader is a key figure in financial institutions. Praised in | | | | thereafter. |
| periods of strong growth, he is also the one people | | | | How to become a trader? |
| will put the blame on in times of financial crisis. His role | | | | If you want to become a trader, it will take more |
| is relatively simple. He must act directly on the | | | | than just being motivated. A trader has to process |
| financial markets on behalf of the company where he | | | | information very quickly and must therefore know |
| works (banks, investment companies) or on behalf of | | | | what influences financial and economic events (results |
| clients who may be individuals, companies or | | | | announcement, liquidation of a company...). |
| institutional investors. | | | | Most traders usually have a postgraduate degree. A |
| The trader's role | | | | MBA is very common and as a matter of fact is now |
| The trader has the function to operate on financial | | | | part of the baggage traders are expected to have. It |
| markets. However, customers do not contact him | | | | will be very difficult or impossible for a self-made man |
| directly. The customer gives his order to the | | | | to join a team of professional traders. Besides |
| salesman who tries to steer the client towards a | | | | training, the trader must have great psychological |
| particular investment. Once the order determined by | | | | qualities. He can't afford to let his head spin when |
| the customer, the salesman will transfer it to the | | | | dealing with orders worth several million dollars. |
| trader who in turn will execute it in the best possible | | | | The ability to deal with pressure is one of the |
| way depending on market conditions. | | | | greatest qualities a trader can have. Experience is |
| The trader's role is not just about waiting for the the | | | | paid with cash and annual salaries go beyond 6 digit |
| salesmen's phone calls. He can - and must - act early | | | | figures (excluding bonuses) for traders with more |
| and provide customers with what they're looking for. | | | | than 5 years experience. By accepting a wage loss, a |
| Thus, he has the right to purchase securities with the | | | | trader can later move into other financial |
| expectation that the salesmen will be able to sell | | | | departments if he wants to. |
| them to customers. To avoid excessive risk-taking, | | | | Want to become a stock trader? The best way to |
| traders are closely monitored by the back office. The | | | | start is to learn the best strategies from the best |
| overall position of their accounts as well as the order | | | | traders, which is actually possible and for FREE |
| sizes they put on the market are constantly | | | | thanks to what could be the most interesting system |
| scrutinized, and computer systems can automatically | | | | ever made available to the general public: the Tailwind |
| block certain orders if they go over the limit. All their | | | | Trading System. That package contains 4 ebooks |
| telephone conversations are also recorded. | | | | written by experts, 500 pages of top-quality content! |