Trainee Stock Trader jobs
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You might be wondering how exactly day trading content found its way onto JobMonkey. Day traders work when they want and are their own bosses. So there are some reasons why we make this information, and the Forex trading content, available to our visitors. In simplest terms, trading is the buying and selling of financial instruments stocks, futures, options, currencies with the intention of making a profit.
For most Americans with monetary interests in the financial markets, the responsibility of executing trades and maintaining trading accounts is done with the intention of providing for their future.
Also, many of these individuals look to financial professionals to watch the financial markets and invest their money in wise and safe ventures. However, there is another form of stock trading that garnered national attention in the s: Beginning in with the birth of the computerized, over-the-counter NASD National Association of Securities Dealersthe role of computers in stock trading began to take form. And, with the introduction of the SOES Small Order Execution System inalso relying on computer technology, traders were able to bypass the time-consuming, and sometimes burdensome, process of executing trades by phone, and began executing quick trades via the relatively new invention dubbed the internet.
A large pool of investors took the advantages the SOES offered in an effort to maximize trading profits using rapid transaction, and so day trading as seen today was born. Day trading is a unique approach to playing the stock market. Day trading is the act of buying and selling securities within a single trading day. Most investors purchase a stock for an extended period of time.
Day traders are not investors though, they are as their name states — traders who play the stock market each day; that is, they do not invest time in holding stocks for future profit. Day traders hold a stock for less than one day, and in some cases, for only a few seconds.
The securities traded by day traders can include stocks, futures, options, and foreign currencies. Day traders, since they are in business for themselves, are typically well educated in the areas of investing and economics.
Also, since day trading requires the ability to incur some losses, day traders are usually well funded, either by their own capital or that of a sponsor.
We cover topics such as:. An institutional day trader is a trader who works for a financial institution. These traders have several advantages working for a financial institution, including access to more resources, trading tools, larger accounts they are usually trader with the institutions moneystate of the art trading and analytical software, and support teams.
A retail day trader works for himself. Retail day traders who we will simply refer to from here on out as day traders trade with their own money. Most day traders use brokers direct-access brokers are very common today to facilitate trades for them, and almost all day traders rely on online trading software for their business.
Due to the technological advancements over the past 2 decades, retail trading has seen a serious boom in the industry. Day traders now have access to an almost unlimited number of web resources, including news sources and day trading platforms. Cool and Unique Jobs Check them out! Teach English in Asia. Alaska Fishing Industry Jobs. Sign up for our newsletter!