Day trader jobs in south africa
Trading also involves execution trading, where you'll simply execute the orders passed to you by others and have nothing to do with deciding whether or not the trade is sensible. Flow traders do the trades on behalf of the bank's clients whilst prop traders trade the bank's own money - a high risk position that's highly sought after. There has been concern in recent years that the increase in electronic trading will have a significant effect on job opportunities. While this is true to an extent there are smaller numbers of sales traders within the industry today than there were 10 years ago the use of technology has opened up doors to a number of alternative roles within the trading sector.
Avenues that are opening up within trading include quantitative analysis, which involves creating algorithms which tell a computer when to buy or sell, and IT roles which oversee the running and maintenance of electronic trade equipment. For those who prove themselves to be confident working with clients, sales driven, passionate about the market, and who have an in depth understanding of individually traded products, the rewards and opportunities can be huge.
Day traders' objective is to make profits by taking advantage of price movements in highly liquid stocks or indexes. Investing With the Best and Brightest of the Financial Internet , the more volatile the market, the more favorable the conditions for the day trader, regardless of the longer-term direction in the market. Unlike some fund managers and investors who hold positions over longer periods of time and are averse to selling equities short, the day trader is not committed to a position and can adapt to whatever condition the market is in, at any given moment.
A day trader who wants to achieve success needs appropriate knowledge, equipment, tools and markets together with the ability to trade the right electronic trading platform. A day trader with the right information might be able to succeed, otherwise, success will go to the other person in the transaction or to the broker , if he happens to be the best informed person in the transaction.
Also, a successful day trader needs to know which stocks to trade, when to enter the trade, and when to get out of the trade. Part of this knowledge is to find those stocks with liquidity and volatility , in order to generate profits. Day trading is stressful because to watch of multiple screens to spot trading opportunities and then react quickly to exploit them. There are many different markets for day trading , including futures, forex, stocks, options and etf's .
Because of the short time horizon, day traders will look at the market with a different perspective than a long term trader but both types of traders can trade in the same markets. Possible reasons for the surge in retail forex trading include the now high margin requirements in individual U.
However exchange-traded funds ETFs have gained rapidly in popularity, being seen as a less expensive way to trade all futures markets as well as some more exotic markets not otherwise available to retail day traders. The amount of margin required by most retail forex brokers in contrast is negligible. With full size lots , units of currency , mini-lots 10, and even micro-lots 1, all with up to as much as The sheer volume of the forex market makes it a difficult one to manipulate in any meaningful way, even with the money available to large proprietary and institutional trading interests.
Day traders engage in speculation that is considered negatively in a moral context. From Wikipedia, the free encyclopedia. This article is about the occupation. For the practice, see Day trading. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. April Learn how and when to remove this template message.
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