What is a Financial BrokerWho is a financial broker?
Likewise, European and Japanese banking institutions collapsed, but fortunately not a single Indian banking institution collapsed, but after this Satyam crisis the business community was shocked," Sushil Kanodia said.
Seven Secrets of Wall Street
Recent financial press reports have given us one thing: the ocean of opinion about stockbrokers and dealers. These are some Wall Street mysteries that violate all these popstars. Mystery 1: You don't make all millions when you see the messages, you've learned about the big bonus that some merchants earn.
Our mystery is that the mediocre broker earns nothing close to the million we think - some actually loose out. Stockbrokers earn an annual $47,000 on avarage, and land agents $43,800 a year, far from the million you might think, although those working on Wall Street usually earn more.
You don't all dress in wetuits, if you imagine a stockbroker, you think of a blanket, necktie and a chic outfit? Just think again: Many dealers and broker are just normal joes, work from an administrative booth and spend a lot of your free hours on the telephone. Those financial pros often dress in leisure outfits.
When you' re on the telephone, who can see what you' re wearin'? A lot of people work from home, far away from any marketplace. Secretary 3: You don't always hit the MarktIs a share that goes up or down? It is sometimes simple to say in which way a particular store is going, but very often it is not. Merchants and brokerage are constantly, well, 50% of the aime.
When the recent turmoil on the exchange has shown us something, it is that even the professionals sometimes scratch their socks. Controls on equity securities are complicated and many investment trusts with very seasoned executives have been beaten by the markets. Well, the big mystery about Wall Street is that commerce isn't scientific.
Much as we all want to forecast where the markets are going, sometimes even the expert is mistaken. They Aren't All In New YorkThe financial center of the financial community may appear to be on Wall Street, but the reality is that stocks are traded all over the nation, even around the globe.
Merchants and stockbrokers work from everywhere, not just Wall Street. There is a possibility that there may be a commercial bureau in your home city. Secretary 5: Your cash doesn't buy luckThese boys who get the bonus - they have to be lucky like shells that drink bubbly, right? Remember, dealers and brokerage firms have one of the most stressing lifestyles.
There are ups and downs in the global economy, trade is frantic, and a decline or disappearance of numbers can be like the end of the game. Often, turmoil in the economy leads to turmoil in lives that complicates the lives of a broker or dealer, even for those with convenient wages. It' not just treasures. It's simple to think that it's all just guessing puzzles on Wall Street - Las Vegas in costume, with broker and dealers making casual wagers on the heading of the mart.
It is true that a lot of business know-how and expertise is required at home and abroad to be able to negotiate the financial world. You are only as good as your bottom line for broker and trader, and it is expertise and expertise that make your job simply and simply a success.