Basics of Stock Broker - A beginners Tutorial
Wiki sez
A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors.
How To Become A Stock Broker?
There is no educational background needed to get in this industry. The basic qualification you need is an interest in the market. But if the reason for your interest is to simply gain more money, you may end up frustrated. The stock market is a fast-paced, tedious industry, where you have to invest hours and hours to get yourself ahead and to understand the market. You must invest your time to collect a firm set of clientele. But even after having a good understanding of the market and having a set of loyal clients, there can still be curve balls you need to prepare yourself for. This preparation can only be acquired through time and experience. That is what you’ll have to face when you get into the industry.
How much does a stock broker earn?
Being a Stockbroker, I feel qualified to answer this one. A stockbroker can earn any amount of money that he/she wants to earn. Since it is a Commission-Only business, your annual income will depend upon the following:
1. How much effort you put into your work.
2. How good you are at it.
The average stockbroker with a major firm (Merrill, Smith Barney, AG Edwards etc) will earn about $100,000 per year or more. This would be for brokers with 5 or more years of service.
There are brokers that earn less and some brokers earn in excess of $500,000 per year.
Stock Broker Popularity Chart
Recommended Resources on Stock Broker
On Short Sales of Securities Through a Stockbroker?
by Eliot Norton - Brokers - 1907 - 72 pages
der. When it is done the sale is complete.67 The stockbroker credits the
customer on his books with the amount of the purchase money received and charges
...
Join The Discussion on "Basics of Stock Broker - A beginners Tutorial"
Find out what other readers have to say in our Member's Only Forum Area on today's topic. Share , ask , connect and enjoy!
Did you like this post?If you liked this post, consider Subscribing, Commenting or Sharing this post. If not, please Let Us Know how we can better serve you.
|
