Difference between stock trader and stock broker
This is a discussion on Difference between stockbrokers and traders within the First Steps forums, part of the Reception category; Hi guys, I am a beginner to this, could you please explain to me the difference between being a stockbroker Difference between stockbrokers and traders.
Stock Trading Basics - For the Beginner Stock Trader UK
Community Links Members List. Difference between stockbrokers and traders This is a discussion on Difference between stockbrokers and traders within the First Steps forums, part of the Reception category; Hi guys, I am a beginner to this, could you please explain to me the difference between being a stockbroker Jan 13, , 5: Hi guys, I am a beginner to this, could you please explain to me the difference between being a stockbroker and a trader?
From what I understand, a stockbroker works for wealthy individuals who will ring them up and say ''sell this'' or ''buy that''.
The stockbroker is employed by a trading house to work on behalf of its clients. The trader might work for the trading house or investment bank itself.
They will buy and sell with the bank's money to try and make the bank a profit. They might also trade on behalf of clients but the decisions on what to buy are made by the traders themselves using their own judgement. Jan 16, , 2: Pretty much hit the nail on the head.
What is the difference between preferred stock and common stock?
A stockbroker is a salesman. The broker might also work for a big IB too though, as their clients will include mutual fund and hedge fund managers ie institutional cash , not just wealthy individuals.
Jan 16, , 7: Thread Tools Show Printable Version. Search this Thread Advanced Search.
LinkBack LinkBack URL About LinkBacks. Notices Join T2W today and enjoy a great package of benefits Originally Posted by DavidCarpentier Hi guys, I am a beginner to this, could you please explain to me the difference between being a stockbroker and a trader? Feb 19, Apr 29, 4: Looking for stockbrokers and trainees Jan 22, 4: EU to ban execution only stockbrokers?
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