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Our trained team of editors and researchers validate articles for accuracy and comprehensiveness. How’s Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. There are 8 references cited in this article, which can be found at the bottom of the page. How marks an article as reader-approved once it receives enough positive feedback. This article has been viewed 197,860 times. Traders have to be able to quickly analyse lots of information and make well-informed decisions under high levels of pressure.

Trading can be very profitable, but is also high risk. You can work for a financial institution, trading with the bank’s money, or money from the bank’s clients. You can also work with your own clients, advising them on good investment opportunities. Determine which type of trader you would like to become. There are a variety of different types of trader which you can become, so spend some time thinking about what role and job description fits your skills and interests most. Most traders will work for a company, buying and selling shares, bonds and assets for investors.

Flow traders work for banks, buying and selling for the bank’s clients. Proprietary traders buy and sell on behalf of the bank itself. The main difference is that sales traders only invest where instructed by their clients, so the trader is not taking a risk with the investment. Some traders will specialise in a particular product or market area. You could also work independently as a day trader if you had enough capital. Trading is a very demanding job that requires a particular skill set, as well as the ability to learn new things quickly and adapt to a constantly changing environment. Before you think about getting the official qualifications and certifications you will need, consider the general skills that a trader must demonstrate.

Traders will also need softer skills, such as the ability to communicate well with clients and provide detailed advice on market movements and opportunities. You must be able to work well in a team, but take responsibility for yourself. Traders must have a keen interest in the workings of the market and be able to learn quickly. Traders need very strong personal discipline and motivation. You will have to make split second decisions without emotion, based on your analysis.