How do I work in the stock exchange Now?
stock market
Many people come to mind when they hear the word stock exchange, which is the highway to get rich, and many who hear the word stock exchange think that it is the monopoly of a certain group of people.
The stock exchange is an organized market through which securities are bought and sold that must have fulfilled the conditions for listing in the stock exchange. Trading takes place within the stock exchange through the issuer offering new securities to sell to investors, or through investors trading among themselves. It is noteworthy that the stock market in which shares are traded is a central market such as: the Saudi Stock Exchange, known for its acronym (Tadawul), or the New York Stock Exchange,[1] and this article will present a set of methods that help in how to work in the stock exchange.
How do I work in the stock exchange?
Before entering this field, anyone must be armed with sufficient knowledge about the stock market, otherwise his money will be in peace. Many people read an article or two and think that they have become an expert. They even think that the stock market is an oil field and that the $100 that he intends to invest will become $10,000. A month or less, and this is the thinking of the gambler, which will undoubtedly lead him to the inevitable loss even if he invested $ 5,000. Some ways on how to work and invest in the stock market, including what will be explained in the following detail: [2]
Get to know a financial intermediary
The financial broker is the one who connects the trader to the market, and the investor must choose the financial broker carefully and make sure of the licenses so as not to fall into the trap of fraud, and buying shares through the Internet is the fastest and least expensive, and there are brokers that provide electronic trading services without imposing fees on stock trading operations and nominal fees On trading mutual funds such as E-Trade and Merrill Edge, there are also approved brokers that rely on applications such as Robinhood where the investor makes one-click trading on the application available on the Apple Store and Google Store, and it should be noted that there are brokers that do not provide their services for all Countries, where a message appears to the user informing him of this.
Join the investment club
They are a group of self-managed people who collect and invest their money together, where members help in making decisions by exchanging opinions and viewpoints, where it is possible to join this club at an acceptable price to invest money with the group, but all caution when deciding to join, there are many who They claim knowledge and experience with the aim of collecting money from others, and the investor has to know what each member will invest and what the risk is, and here comes the role of arming with knowledge, so the insider will know whether the person in front of him is an expert or not.
Learn about Integrated Services Brokers
They are the brokers who work from large brokerage firms where they execute deals for their clients as well as give advice and research different investments for their clients, however unless a person is expert and knowledgeable he will not know if the advice is good or mediocre, the decisions of an expert may be better than the recommendations of the company itself Hiring an integrated services broker is more expensive than others, but it is worth that cost, especially if it is a reputable brokerage firm with its name.
Apply to big investment banks
Large investment banks such as Goldman Sachs and Bank of America provide a wide range of business and investment services, in addition to financial planning and deal execution, and investment banks act as intermediaries between the issuer and investors.
Get to know a financial advisor
The financial advisor charges an annual fee in return for advising the investor to choose the best investment tools. It also provides the investor in the stock exchange with recommendations for buying and selling operations. The financial advisor may execute the affairs on behalf of the investor if he wants to.
Walk with the professionals
It is wise for a person to invest his money with professionals, and this is by investing in index funds or mutual funds that include a variety of investments chosen by professionals and experts in the market rather than investing in shares of only one company, and there are many ways to work and invest in the stock market and the person must Determining what he wants to work on in the stock exchange. There are those who prefer investing in stocks, and there are those who prefer trading and investing in commodities, such as oil and gold for example. In both cases, the first step is to choose a financial broker that connects the investor to the market.
Technology prepares the death certificate of the trading floor
The trading floor is the place where traders meet for buying and selling operations, as the trading halls were buzzing with the voices of traders issuing buy and sell orders. Rather, what is meant is that its scope has become limited, as it has shifted to computer screens, electronic markets and algorithmic trading, and due to the advantage of electronic systems and the preference of customers to deal with them, a very large proportion of global stock exchanges have switched to electronic trading, and the United States of America may be the only one that has maintained On the manifestations of traditional trading represented by shouting inside the trading floor along with the electronic alternatives available to investors.
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