In any area of human activity there are successful individuals. Their success and achievements inspire beginners, professionals are guided by them. Who are traders? These are successful people who trade on the exchange. They have a free schedule, high salaries, creative and interesting work. Their profession is relevant in other countries of the world. If everything is so good, then why don't we all work on the exchange? What the work of a trader is, we will analyze further.
Businessman or player?
Traders are conventionally divided into two main categories:
- Professional, working in banks, financial institutions and insurance companies. Such employees have specialized education and a license for the relevant activities, work exclusively in the interests of their company.
- Independent, working for their money and in their interests. They get access to trading systems through brokers and dealers. Such work does not require licensing and specialized education.
Who are traders and what is their purpose? Whatever the exchange platform, the main goal of smart speculators is to make money on the difference between buying and selling assets. Traders can buy an asset cheaper, and sell more expensive, or first sell an asset borrowed from a broker, and then buy it at a lower price and give it back, while taking profit for themselves. Two main and main exchange strategies are “bulls” and “bears”. There is an opinion that exchange trading is a game. This is a fraction of the truth. Many beginning traders rely on luck for their work. However, if you ask a successful trader, he will say that trading for him is a business where you need to make efforts and use your mind to achieve goals.
Workplace
A trader can work in the exchange hall, representing the interests of large funds, banks or the interests of a large number of customers, or at the monitor when trading is conducted through specialized trading terminals via the Internet.
Fundamentals of work and the necessary personal qualities
Who are traders and what do they do? As mentioned above, stock speculators earn on the difference in purchase and sale prices. It is not as easy as it may seem. Every day a professional trader performs a combination of sequential actions:
- analyzes the market and decides to enter;
- opens a position to buy or sell;
- closely monitors market movements;
- checks the correspondence of the real course movement and the predicted;
- decides to close the position;
- analyzes the results.
Obviously, all these operations require some knowledge from the beginner. Knowing who traders are, what needs to be done to become successful? To become the best and start to
earn decent
money on the exchange, you need training, time and experience in making transactions. In addition, all exchange speculators have a number of
personal qualities: the ability to respond quickly, make decisions, the ability to resist emotions, determination and perseverance. Good luck!