2006-07-26 09:03:38 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
because he only gets paid when you make trades, and takes commissions, so he continually tries to make you buy and sell, regardless of outcome. Hence is gain is your loss ... so he tries to make you broke!!!
2006-07-26 09:05:21 · answer #1 · answered by spineminus2 3 · 0⤊ 0⤋
A broker is a middle man. He connects people who want to sell with people who want to buy, in this case stocks, and gets paid a commission, usually a percentage of the amount transacted, for this service. But he's not investing your money, you are.
2006-07-26 16:09:07 · answer #2 · answered by jim 6 · 0⤊ 0⤋
[Middle English, from Anglo-Norman brocour, abrocour;; akin to Spanish alboroque, ceremonial gift at conclusion of business deal, from Arabic al-barka, the blessing, colloquial variant of al-baraka : al-, the + baraka, blessing, divine favor (from braka, to bless. See brk in Semitic Roots).]
Word History: Giving gifts to one's broker might be justifiable from an etymological point of view because the word broker may be connected through its Anglo-Norman source, brocour, abrocour, with Spanish alboroque, meaning “ceremony or ceremonial gift after the conclusion of a business deal.” If this connection does exist, “business deal” is the notion shared by the Spanish and Anglo-Norman words because brocour referred to the middleman in transactions. The English word broker is first found in Middle English in 1355, several centuries before we find instances of its familiar compounds pawnbroker, first recorded in 1687, and stockbroker, first recorded in 1706.
2006-07-26 16:05:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
He is the middleman - broker - in a deal where you purchase stock from a trader at the exchange. He takes a cut - his commission - on the trade.
2006-07-26 16:08:34 · answer #4 · answered by Cão Bravo 3 · 0⤊ 0⤋
He collects fees everytime you trade. So the more you have him trade for you, the broker you get. =)
2006-07-26 16:13:10 · answer #5 · answered by Daniel T 4 · 0⤊ 0⤋
any one intered in working as a web desinger /web devloper in united arab emirates
2006-07-26 17:33:15 · answer #6 · answered by simon_sez28 2 · 0⤊ 0⤋
Because the name cooker was already taken :D
2006-07-26 16:46:23 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Becasue he is broke. Does not his own advice
2006-07-26 16:38:08 · answer #8 · answered by aaricka 4 · 0⤊ 0⤋
probably for the same reason that you can't have a therapist without the word rapist.
2006-07-26 16:07:21 · answer #9 · answered by P F 2 · 0⤊ 0⤋
because he works at a brokerage, he isnt neccesarily broke
2006-07-26 16:05:49 · answer #10 · answered by Fowl Language 5 · 0⤊ 0⤋