Each year, thousands of people entering the world of finance dream of working as a city trader. While trader jobs offer great earning prospects, they also come with a high degree of risk. As such, anybody seriously considering this career must investigate their options thoroughly. What is a Trader? A trader is an individual who invests in stocks and shares. They can either do this on a freelance basis, or they can work for a large company like Society General. While working as a freelance trader allows you to control your own profits, you are investing and risking only your own money. On the other hand, working for a company like Society General eliminates risking your own money, but one wrong move can ruin your reputation. This is a highly stressful job, but it does have great returns for those who have good financial acumen. What Qualifications do You Need to be a Trader? While traders working on the stock market floor in Canary Wharf often need set qualifications, you can work from home with your financial acumen alone. However, it is not wise to plunge into trading without any knowledge of Forex or marketing predictions. Fortunately, there are courses available online that allow you to develop the skills needed to work as a trader. If you choose to work at a physical Wall Street location, most degrees are acceptable. However, competition for jobs is fierce, which is why companies prefer Ivy League graduates who studied politics, economics, or finance are more likely to be successful than others. What Are the Working Conditions for Traders Like? The stock markets open around 7.45am and close around 7pm. This applies to different time zones, which means you may find yourself trading at different hours if you invest in world markets. For example, the Dower Jones runs on EST, while the London Stock Exchange runs on GMT. Whether you are trading from the stock market floor, or you are at home, you will be keeping your eye on major financial channels like Bloom-berg, while watching stock markets rise and fall. Around half of your day is spent absorbing information, the other half is used to make investments. As a trader, you see thousands of stocks a day. However, 99.9 percent of them are not worth investing in. You create price prediction sheets using Excel, and continuously refresh the information on your computer screen so you can provide accurate predictions for yourself and your clients. Each day, for 12 hours at a time, you may find yourself continuously performing risk assessments, liaising with clients, and taking risks. Trader jobs are exhilarating, but they are also financially dangerous. Before entering into trading, consider extensive training carefully, and build-up a good surplus of cash to weather risks. For more information about Trader jobs and become a trader Please visit : be-a.co.uk.
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