Job scope of stock broker

Job scope of stock broker

Author: compguru Date of post: 24.05.2017

Stockbrokers continually research the market to offer the best financial advice.

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A stockbroker is a financial service agent who helps customers to buy and sell in financial marketplaces -- such as the New York Stock Exchange. He can sell securities to investors and provide insight on the market to his clients.

This job requires fast thinking and excellent customer service skills to survive in this highly competitive industry.

A stockbroker serves the financial interests of his clients. He sells securities and commodities to individual clients, advises clients on what investments suit their financial situations and can manage clients' investment portfolio.

job scope of stock broker

He executes trades and sells for clients in the exchange market. A broker must stay on top of the market at all times by analyzing, monitoring and researching the performance of stocks, trade markets and acquisitions. A broker has a fiduciary duty to protect the interests of his clients; therefore, he cannot engage in trades or offer financial advice that benefits himself financially.

Bureau of Labor Statistics. On-the-job training is provided by the hiring firm. Having natural decision-making skills, math skills and taking initiative are important qualities in a successful candidate. To start trading, a stockbroker must register as a representative of his hiring firm through the Financial Industry Regulatory Authority.

A candidate must pass a series of exams to receive a license, but most firms offer training to help applicants pass exams.

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Although it's not required, employers often prefer brokers to have certification. Most firms pay stockbrokers a minimum salary and the broker earns commissions on top of that.

Stockbroker job profile | eqogypacuc.web.fc2.com

Shailynn Krow began writing professionally in Krow holds a Bachelor of Science in psychology from the University of California, Los Angeles and an Associate of Science in pastry arts from the International Culinary Institute of America.

Stockbroker Job Description by Shailynn Krow Stockbrokers continually research the market to offer the best financial advice. Related Articles 1 What Can I Do With an Accounting Minor? Duties and Responsibilities A stockbroker serves the financial interests of his clients.

Bureau of Labor Statistics: Securities, Commodities, and Financial Services Sales Agents Princeton Review: Resources Financial Industry Regulatory Authority: About the Author Shailynn Krow began writing professionally in Related Articles What Can I Do With an Accounting Minor?

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