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May 20, , 3: Hi, I am really keen to get invovled in the stock market as a trainee broker. How hard is it to get into this field? Im not a graduate, are my chances limited because of this? Originally Posted by Bethmm. I don't actually know alot about it at all, but I think the pressured environment would suit my personality.

I know a lot of guys in their early 20's who are earning big time in the stock market so I thought I would check it out. Are there many female workers in the stock market??

Do all brokers need to pass FSA exams? May 20, , 5: Afaik , stockbrokers are people who sell stock. In other words, they are merely sales people.

Perhaps you're thinking of traders? My sports trading challenge: May 20, , 9: Opposed to this is Sell side, who will telephone all sorts of people in an attempt to push a deal through and pick up the comms. Brokers sort of fill in the gap; Both Buy side traders and Sell side salesman, in the process of completing an order they've been given to complete by some higher being pbuh , will telephone a variety of people e.

Say for example, A fund manager B wants to increase his exposure to the oil markets.

He will tell his equities trading desk to pick up , BP shares at VWAP or best. These Buy side traders then call up some Market Makers and Brokers, and say "whats the price for this deal? Wholly unrealistic but there you go. Now the broker knows of another Fund S , that, having been duped into selling , BP by a very expensive research company, has some liquidity.

Traders get told what to buy and sell, by very clever people, and get paid alot for doing it at the best possible price.

Salesman get paid alot, by very clever people, for thinking up lots of new and exciting ways to make their customers buy or sell something at the worst possible price. Brokers and MM's pick up a little profit, very often, for meeting supply with demand.

Overall their exposure is very little. Now this is grossly simplified; in reality there are Buy side traders, Sales traders, Prop traders, Execution Traders, Brokers, MM's, more sorts than liquorice - and in some cases doing exactly the same thing.

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Most of the "legacy" names do all of them hence chinese walls , but some firms do specialise. Apologies for the convoluted response, but I hope it helps clear things up. In answer to your questions: The following members like this post: May 20, , I saw a couple of women on the Futex floor prop traders.

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May 21, , 4: On the FSA front, you'll need to pass your SII in Regulations Unit 1 , Securities Unit 2 and possibly Unit 6 if you are sell side which is a Risk exam. Apr 20, , 1: Originally Posted by MrGecko. Thread Tools Show Printable Version. Search this Thread Advanced Search. LinkBack LinkBack URL About LinkBacks.

Notices Join T2W today and enjoy a great package of benefits Originally Posted by Bethmm Hi, I am really keen to get invovled in the stock market as a trainee broker. Originally Posted by MrGecko Traders get told what to buy and sell, by very clever people, and get paid alot for doing it at the best possible price.

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How to get a Trainee Stockbroker role? May 13, May 26, Stockbroker positions to be filled - interested? Aug 27, 1: Apr 24, 8: Currently Active Users Viewing This Thread: