What is the difference between a Stock Broker and a Trader, and?
What would a person have to do become one. In other words what are the steps to becoming either a stock broker or trader. (background experience, education, skills, etc)
Asked By: jiggywalker2008 - 9/8/2008
Best Answer - Chosen by Asker
A world of difference. A trader could always be a stock broker, but very few stock brokers can be traders. One can call a stock broker a trader and they would be honored, but, if you're in your right mind you would never call a trader a stock broker, (it would be an insult... More
Answered By: The Old Guy - 9/8/2008
Additional Answers (2)
There's a big difference. A trader (proprietary) trades on companies capital to make money. They get a % of profit. A broker follows orders on what stocks and or options to buy or sell etc. Thankfully, you don't need a degree for either.
Answered By: Big G - 9/8/2008
A Trader is trading his own account for a living. Often on a short term interval basis of transactions... More
Answered By: robe - 9/8/2008
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