When asked what the stock market will do, J.P Morgan (1837-1913) (banker, financier, businessman) replied: "It will fluctuate."
This is the reality in which the brokers and traders work. MapMyTalent experts found that no two days have ever been same in the stock market. And since only the members of the stock exchange can conduct transactions, individuals and organizations make their transactions in the stock market through stock brokers.
If you are interested in exploring the career option of a Stock Broker, or if you are looking for information on who is a stock broker and what is the stock market and how to work in the stock market, the, continue reading:
Stock markets in India are evolving and Securities and Exchange Board of India (SEBI) is the apex authority to monitor the market and make rules and regulations. In recent times, many norms have been made to make the operations and transactions more transparent.
Brokers and traders purchase and sell securities. Brokers are sales agents, either on their own behalf or for a securities or brokerage firm. Traders, on the other hand, tend to work for a large investment management firm and buy and sell - or trade - securities on behalf of the assets managed by that firm. Brokers tend to have direct contact with clients, either individual or institutional, and buy and sell securities based on those clients' wishes. A broker is also responsible for obtaining and maintaining a client roster. Traders, on the other hand, tend to buy or sell securities based on the wishes of a portfoliao manager (or managers) at an investment firm.