How much do stockbrokers earn
Stockbroker Salary Compared
The term stockbroker covers lead brokers, stockbrokers, brokers and traders. Although the individual professions differ from one another, they are often summarized under the name of stockbroker. After all, these professional groups have one thing in common: they carry out transactions on the stock exchange, i.e. they trade in various types of securities.
The job of a stockbroker is - depending on their specialization - to advise companies, banks or private individuals on the right investments and to conduct securities transactions either on behalf of the respective client or on their own responsibility.
In order to be able to make specific recommendations on securities, a stockbroker must always be up to date and closely monitor the domestic and foreign stock markets. He must always be informed about the current stock market trends and share prices in order to be able to act at all times.
Anyone who trades in raw materials, for example, must also watch the raw material prices. Stock brokers who trade precious metals such as gold and silver, on the other hand, need to keep an eye on these markets.
Furthermore, the job of a stockbroker requires quick reactions. A profit-promising security can turn into an almost worthless share in just a few minutes. A stockbroker must therefore react quickly to corresponding price movements. If there are price fluctuations, stockbrokers sell the securities in order to keep the risk of loss within limits.
Stockbrokers therefore bear a high level of responsibility through their recommendations and purchases. Basically, the job of a stockbroker is a full-time job. Stockbrokers often work well over 40 hours a week - evenings and weekends included. Anyone who decides to work as a stockbroker should therefore be aware that this is a very competitive and exhausting profession that can lead to high profits, but also involves high risks - and not necessarily at that is very family friendly.
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