Stock Broker/Trader

[PaddyMcTaff]

I am just starting out in the world of markets armed with a 2.1 in psychology, 6 years general work experience, 3 months as an administrator at a leading IB and part way through Sii sec and derivs certificate which I am looking to complete as quickly as possible.

My question is this; when I start looking for 'proper' jobs, would it be more realistic for me to try and get a job as a trainee stock broker rather than a trainee trader? I do not fancy the arcade route and perhaps businesses are going to be slightly less demanding on recruitment for jobs that just involve execution of market orders rather than all the additional responsibility that a trader has.

I know that i have alot of work to do and any relevant advise is appreciated, but the main point of this post is to find out whether my logic regarding broker/trader is correct or not.

Excellent forum by the way, have already learned alot and only just found it! Thank you.

 

[PaddyMcTaff]

I realise that this is a real newbie type question for most people on here, but I have searched the boards for similar questions before asking so as not to waste anyones time, and would really appreciate an answer off someone.

Thanks...

 

[bobl boy]

All depends what you really want to be,I would try to get a job in the area you really want to work in from the start because it is hard to move around once you have done a few years in one particular area and only have that experience to offer when going for new jobs.You will probably find it hard to get a front office role straight away though without a financial degree.

 

[PaddyMcTaff]

Thanks for reply bb . I would be happy being a broker or a trader to be honest. Im sure your right about the financial degree issue which is why im trying to weigh up my best options given my current circumstances. I have considered sales but I want to work directly with the markets so am just going to go for it, persevere and see what happens!

 

[badgerbadger]

know what you want

It appears from your statement that you aren't totally aware of the differences in the day to day functions.

I don't mean to appear rude, but Broker roles are basically glorified salesman selling white collar products that are generally poor stock with low liquidity, hence why they need the hard sell. if you work for an execution only broker, you will find the role very unsatisfying and the pay is such a lot lower.

You will find a role in a front end without a financial degree but not as a trader, and being a broker really will have no impact at all on getting a job as a trader.

If you want a job as a broker i recommend emailing Kyle [email protected] or [email protected]

they could help you.

 

[PaddyMcTaff]

Thanks for the advice mate, and the links. Much appreciated

 

[broke_broker]

can anyone advise what it be like to work for a spread betting company as a junior dealer....and wot is the real difference in a trader and a dealer...?? may one explain and help me brush up my knowledge please.

 

[danclark]

how did your search in looking for a job go? i am now in a similar position as just finished uni with a business/ecenomics degree. have you got any advice?

 

[broke_broker]

to be honest...since graduating i'm finding it very difficult. Have spoken to a number of people my only suggestion is to get on a graduate programme. Most firms ask for a 2.1 and 320 Ucas points

best of luck let me know how u get on

 

[lisagarner45]

I am just starting out in the world of markets armed with a 2.1 in psychology, 6 years general work experience, 3 months as an administrator at a leading IB and part way through Sii sec and derivs certificate which I am looking to complete as quickly as possible.

My question is this; when I start looking for 'proper' jobs, would it be more realistic for me to try and get a job as a trainee stock broker rather than a trainee trader? I do not fancy the arcade route and perhaps businesses are going to be slightly less demanding on recruitment for jobs that just involve execution of market orders rather than all the additional responsibility that a trader has.

I know that i have alot of work to do and any relevant advise is appreciated, but the main point of this post is to find out whether my logic regarding broker/trader is correct or not.

Excellent forum by the way, have already learned alot and only just found it! Thank you.

In order to develop the strategies and skills used in high volatile stock market, Amplify Trading provides the best training programs, provided by the professional traders in real time environment with real time software. Once through with the training, can make good money in the stock market. I reckon practical knowledge in a live environment is essential to make use of any academic qualification. And Amplify Trading seems to be the place!!!! This might help

 

[sneville]

In order to develop the strategies and skills used in high volatile stock market, Amplify Trading provides the best training programs, provided by the professional traders in real time environment with real time software. Once through with the training, can make good money in the stock market. I reckon practical knowledge in a live environment is essential to make use of any academic qualification. And Amplify Trading seems to be the place!!!! This might help

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