blog




  • Essay / The Life of a Stock Broker - 761

    Stock brokers are very important people in our highly economic society here in America. They are the ones who keep businesses and individuals’ money safe while hopefully being productive. Having idle money in a savings account doesn't even live up to its potential. In the current economic crisis, with interest rates so low, it is almost impossible to earn a good amount of money. When using a stock broker, there is certainly some risk, but it is largely outweighed by the fact that a person can make huge profits playing on the stock market or potentially lose everything. All these transactions in the stock markets are carried out through people called stock brokers. To be a stock broker, you must be patient and organized, enjoy taking risks, have the courage to make difficult decisions, and have extensive knowledge of business and economics. By definition, a broker is a person who acts as an intermediary in a sale or other activity. transaction between two parties. Training as a stockbroker is a very important part of one's career. Attending a good university is essential if he wants to be recruited by a large brokerage house and later expand his clientele. Some good colleges to attend in or around Arizona are Northern Arizona University in Flagstaff or Stanford, located in California. To be automatically accepted into any college in the state of Arizona, one must have at least a GPA of 3.0 or higher. Selective colleges such as Stanford generally only accept people with a GPA of 4.0 or higher. Some courses to take in college are mainly business and economics. Being a stockbroker also requires higher-level math courses. The first step to becoming a broker is finding a job. There are many ways to apply, for example by filling out an online form or showing up in person. Either way, it should be relatively easy to find a job since the economy is constantly changing and people are constantly trading stocks. When you are starting out as a broker, you may be called Jr. Stockbroker. A typical day can greatly depend on several factors, including the economy and your experience. For a beginner, a day would probably consist mainly of observing or doing small jobs for a senior broker who agrees to train you. Once your trainer feels you are ready, they may let you work with some of their clients, allowing you to earn one percent of what you earn..