What do they do?
Stock Traders (also known as Equity Traders and Stockbrokers), buy or sell stocks, shares, or other securities on the stock exchange on behalf of their clients.
Traders use all the information available and speculate the optimum time to buy or sell a share.
If you could sell ice to an Eskimo, have a good grip on economics and finances, can stay calm and focused at times of stress and in a busy environment, and if you could see yourself confidently making decisions with someone else’s money and don’t mind working long hours…. you could be a Stock Trader in the making.
- Research stocks and shares
- Keep up to date with financial news
- Consult investment analysts
- Reporting to clients
- Managing, recording and tracking investment portfolios
- Pitch for new clients
- Great head for figures
- Plenty of initiative and confidence
- An analytical mind with attention to detail
- Lots of self-motivation
- Strong competitive drive
- Language skills an advantage when dealing with clients globally
No formal qualifications required but a degree in accounting, economics, business, or finance is preferable for most employers.
Average salary the average salary listed is $73,000 (Source: Joboutlook.gov.au) but varies widely as traders make their money through the brokerage they get after every transaction is made.
Job growth in this area is very strong (source: Joboutlook.gov.au)