Trying to break out in to the financial industry...Guess I should know the basics
2006-11-07 04:31:29 · 13 answers · asked by LeSURE 1 in Business & Finance ➔ Investing
A stock broker makes recommendations to clients, and buys and sells stock on their behalf. A day trader is a short term investor, buying and selling stock for themselves the same day for fast profit (or loss, if you get it wrong).
2006-11-07 04:39:56 · answer #1 · answered by Random Bloke 4 · 0⤊ 0⤋
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2016-12-24 08:27:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A Stock Broker is a sales representative usually with skills in financial counseling and investing. It's a hard position to succeed in. Many make $150,000 or more.... most don't. A stock trader either works for their own portfolio or clients. Their primary function is to trade stocks for profit. A successful stock trader can make over $150,000 a year. Most don't. These are two very different careers with totally different skill sets. The brokers and traders that make over $150,000 work very hard, have ridiculous hours and pressure. These are the very few, in any career, that exceed at what they do and have the level of commitment it takes.
2016-05-22 07:39:50 · answer #3 · answered by ? 4 · 0⤊ 0⤋
A stock broker is licensed to take orders for market transactions (buying/selling equity).
A day trader is simply someone who has decided to sell or buy something (equities, futures, options) within an intra-day period at a market. A trader can be working for a financial company or retail (personal account), and what makes a day trader a day-trader is the strategy of buying and selling within the span of a day.
N.B. That option is usually not profitable for retail consumers, as the transaction costs are too high for a decent long-term gain. A few professionals (who face lower or zero transaction costs) have done quite well day trading for firms. The majority burn out or find a longer-term strategy that allows them to remain sane.
2006-11-07 05:46:00 · answer #4 · answered by ? 2 · 0⤊ 0⤋
No relation at all. Day trader is someone trying to daytrade the market. An investor (sort of) - not a job. Stock broker sells stock - a job.
2006-11-07 07:25:12 · answer #5 · answered by vegas_iwish 5 · 0⤊ 0⤋
They're pretty much completely different.
A day trader is trading for his/her account. They deal with brokers.
A stock broker is an order taker working for a brokerage firm who generally submits orders for clients and peddles stocks that his/her firm wants him/her to "recommend" to clients.
A broker also has to be licensed, but in many cases also knows less than the average successful day trader about investing.
Interesting, isn't it.
Hope that helps!
2006-11-09 15:46:35 · answer #6 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
Binary options trading is very popular in many countries around the globe. However, most people still ask the question "can you really make money in binary options". The short answer is that yes, in this website they give you a few tips on how you can make money trading binary options https://tr.im/eXrAk
You can make money online with binary options trading if you only trade at legitimate binary options brokers and learn the fundamentals of binary trading and employ proper trading startegy.
2016-05-02 08:26:51 · answer #7 · answered by greta 3 · 0⤊ 0⤋
Main difference is licensing. A day trader does not need to have a license.
2006-11-07 04:38:56 · answer #8 · answered by Mike M 3 · 0⤊ 0⤋
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2017-02-19 12:50:06 · answer #9 · answered by charissa 4 · 0⤊ 0⤋
the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.
2014-12-18 13:37:23 · answer #10 · answered by KALFAS 3 · 0⤊ 0⤋