The trader works on his own behalf of the account he represents or the account of the client. But this has never been directly related to the latter. This often leads him to take a position, i.e., to predict that potential sales will be made by the salespeople. However, it is not all risk.
The trader’s daily business
The trader’s day-to-day business is not all risk, as he has financial instruments such as futures markets to support him. Thus, the market operator guarantees the daily trading of many products, as well as the management of the portfolio for which he is responsible. With his computer and telephone, he is constantly in contact with intermediaries who issue buy or sell orders. He was also in regular contact with other people in the trading room: financial analysts, technical sales people. Always attentive to global macroeconomic and social policy information, he must quickly integrate it into the management of his portfolio, in order to conduct his activities in the best possible way compared to the competition. The Trader’s day is very stressful: international market trading takes place throughout the day.
How to become a trader?
To become a trader, you need to have a five-year degree. Ideally, you should have graduated from a technical school and completed an undergraduate degree in finance, followed by a specialised master’s degree. In addition, an excellent level of business English means that most transactions are conducted in that language. Alternatives to this course: a doctoral school with a specialisation in IEP finance, or a master’s degree: banking, finance, management, mathematics, statistics, law or economics. To become a trader, it is very important to have a minimum knowledge of trading techniques.
The constant pressure of being a trader
The financial world is elitist and very closed. Therefore, it is necessary to be well prepared and ready to give everything once you graduate. To adapt to this environment, nothing is more necessary than practice. Brokerage firms are the main focus. However, banks have a market department that employs traders. New opportunities from online brokerage firms can also arise. The work of a trader is morally difficult. Between the working hours and the pressure, retraining is highly recommended after years in the profession. The professional may become the person responsible for the head office or other banking and finance operations. For example, he/she could become a portfolio or financial manager.