Stockbroker (Beurshandelaar)
Information on this skill...
A stockbroker is someone who is active on the stock exchange for his profession and is therefore also called a stock trader or simply a trader. A stockbroker can act as a private individual for himself, trade for clients or work for companies that trade on the stock exchange, such as pension funds, banks and other financial companies. In order to be able to trade successfully as a stockbroker, a lot of specific knowledge of products and / or markets is required. There is a big difference between a stockbroker who trades privately and a stockbroker who works professionally. Nowadays, a stockbroker only works via the computer and no longer as in the past on the real trading floor. The activities of a stockbroker can best be described as trading on the stock exchange, which can relate to securities (tradable rights), shares (securities) and bonds (dealer debt instrument). The work of a stockbroker does not only consist of actual trading, because a good stockbroker must also be seen as an analyst. Analyzing data is important to be able to make a return. Professional stock market traders usually don't just get in, as they use studies to determine trading strategies. Another word for trading strategy can also be trading methodology. The profession of stockbroker should be seen quite generally, because it can involve different traders who can also work in different ways. As a stockbroker, there is an important difference between traders who have a long-term view and the so-called day traders. Obviously, everyone can trade on the stock exchange nowadays and therefore anyone can be active as a stockbroker.
A stockbroker must therefore be regarded as a trader who buys and sells shares, bonds and options on the stock exchange for his profession. In some cases, a stockbroker can also be regarded as an investor. In that case, it is usually about making a return on equity. The profession of stockbroker is different today than it used to be. The market has become more transparent and is also much faster than before. In the past, it was quite normal to buy shares and own these years, without further activities on the stock exchange. Nowadays, there are many more options, such as buying options, and stockbrokers are active daily to make money pay off. This means that shares and other products can be disposed of per day when the desired return has been achieved. Obviously, a stockbroker must be aware of various financial products and have up-to-date information. Up-to-date information is very important as a stockbroker. Up-to-date information goes beyond today's knowledge. Financial matters also require a lot of market knowledge.
In principle, investing on the stock market is possible for everyone, but not all people invest on the stock market, because they have no knowledge of investing on the stock market, do not have money to invest or do not dare to take the risks of investing. Stock exchange trading is certainly something that should suit you as a person. As indicated earlier, there are several investors active on the stock exchange. For example, a private investor can be very careful with his investments or take a big gamble to try to make a lot of money quickly. It is clear that taking a big bet on the stock market can also mean that you quickly lose all your money. The professional investors on the stock exchange who trade for clients will take more balanced risks with a healthy spread to be able to absorb stock market fluctuations. Professional stockbrokers have to deal with strict regulations that must be adhered to on the stock exchange. Nowadays, many stockbrokers also work from home. In that case, it is usually an independent broker. An independent broker can also work for external clients. In addition, an independent broker can also trade on the stock exchange at your own risk. A stockbroker can also work with fellow stockbrokers.
MYTHS ABOUT INVESTING
On the internet, investing in the stock market is perhaps one of the most discussed topics. Investing has a great attraction for many people, because people simply want to make money. However, there may also be no better example to be found than investing where many untruths or lies are told about it. It is usually only the positive stories that are told. There are therefore many so-called advisors about investing, who in many cases claim to have found the method to get rich quickly without taking risks. Of course, investing is never without risk and a good return is certainly never guaranteed. Anyone who wants to engage an advisor in the field of investment would be wise to approach an advisor who is recognized by the Netherlands Authority for the Financial Markets (AFM) and is therefore supervised by the AFM. An important word for professional stockbrokers is a duty of care that they have for their customers, and on which they can also be held accountable when necessary. Despite the fact that a lot has changed in recent years, there are still people and companies who claim that returns of twelve percent without risks are perfectly possible. Risks and returns go hand in hand. Returns are never without risks.
TYPES OF INVESTMENTS OTHER THAN THE STOCK EXCHANGE
As described earlier, investing on the stock market is by no means suitable for everyone and people also look beyond the stock market to invest. There are various other possibilities to be able to invest, such as real estate and possible successful inventions. A big advantage of investing in real estate is, for example, that a house cannot evaporate and the possible returns from, for example, rent are usually stable. But of course rental income is also not guaranteed, for example if a tenant can no longer pay and no new tenant can be found. There are many people who invest in real estate because they are relatively safe investments. Another possible investment may be investing in new companies or inventions, but these types of investments are usually also very risky and certainly not guaranteed, because a company or invention can also fail. Investing in cryptocurrencies is also popular nowadays.
WHAT DOES A STOCKBROKER DO:
TRAINING TO BECOME A STOCKBROKER
In order to be able to trade on the stock exchange, no training is actually required when it concerns a private person. However, it is of course very important that you as a private person also have the necessary knowledge of the financial market. If you wish to work as a professional investor, it is best to follow a course in the direction of Financial Services Management (FSM). There are many opportunities in terms of training when it comes to the financial world, which can differ from one another. The fact that there are so many courses is partly because the financial market within the Netherlands is very large and there are also many people working within the market. The Financial Services Management (FSM) programme is certainly not specifically aimed at trading on the stock exchange, but is much broader in such as advising clients, drawing up annual accounts and analysing results. In addition, there are also plenty of external training institutes where you can follow a course. Accounting is also important as an entrepreneur.
COMPANIES WHERE A STOCKBROKER CAN BE EMPLOYED
As a stockbroker you can work for various types of companies within the financial market, such as banks, pension funds and of course work as an independent entrepreneur. With the aforementioned training, you can of course also perform other tasks within the financial market, such as mortgage advisor or credit analyst.
COMPETENCES STOCKBROKER
As a stockbroker, you will have to be analytically well-versed, so that you know how to separate the side issues from the main issues in a good way. In addition, you will need to have an extensive knowledge of the financial market with all its products and possibilities that you can encounter as a stockbroker. But communication also plays a major role within this profession, because you are usually not allowed to make all decisions independently and may also have a large advisory role to customers. As described earlier, as a stockbroker working for clients, you also have a duty of care on which you can be held accountable. Finally, it may be clear that you have to be stress-resistant, because working as a stockbroker can often cause tensions.
LABOUR MARKET PERSPECTIVE AND CAREER OPPORTUNITIES AS A STOCKBROKER
The labour market perspective as a stockbroker cannot be clearly indicated, because as a stockbroker you can of course also work as an independent entrepreneur and may be investing your own money or that of customers. However, bringing in customers as a stockbroker is usually a difficult task, because people will not just trust you. Being allowed to invest for clients is therefore something that usually only becomes possible after proven services. But as described earlier, as a stockbroker you can also be employed as an employee for companies that invest money. Within the business world, the position of investment manager is one of the possibilities.
TERMS OF EMPLOYMENT AND SALARY STOCKBROKER
The employment conditions of a stockbroker in paid employment are usually well arranged and depend on the organization where you work exactly. As an independent entrepreneur, you naturally determine your own employment conditions and these do not apply further. The salary as a stockbroker in paid employment is not easy to indicate because it can vary greatly in terms of responsibilities that a stockbroker has within the organization. In the past, bonuses within the financial market were not uncommon with good results and as a stockbroker you could certainly earn a lot of money in paid employment. But in general, we can say that the salary of a stockbroker will be between 2500 and 5000 euros gross per month depending on your age, education and responsibilities. As an independent entrepreneur, there is usually much more to earn as a stockbroker, provided you know how to invest well and you know how to attract enough customers, which will certainly not be easy.
The content on this page has been automatically translated from the Dutch language. For this reason, texts and videos on this page may contain small errors.
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