Question by Adil M: What is the difference between a ’stock broker’ and ‘forex trader’ ?
Can a Forex Trader be called a stockbroker? Is forex trader a forex broker? Is Forex Trader a correct terminology like stockbroker?
Best answer:
Answer by Mr.Jeremiah Head
In economic terminology , a stock broker is basically in simple terms a Licensed agent who has to pass certain qualifying tests to be certified to offer securities investment advice to investors .Investors are people who buy shares of stock . He or she may counsel what and when to buy, counsel whether to hold or sell securities, execute buy-sell orders on behalf of the investors,
and charge a percentage of the transaction amount as brokerage fee for commission
A forex trader is basically with no relation in either contrast is a person or a firm who buys and sells currency to make a profit.
Add your own answer in the comments!
Incoming search terms for the article:
- What Is Stock
- comments on share broker
- comments on comments on share broker
- comments on Stock Broker
- difference between forex tader and stock broker#hl=en
- q&a of an stockbroker
- stockbroker forex difference
- wordpress comments on share brokerage
August 11th, 2011 at 1:08 am
The above isn’t wrong, but to clarify:
A Broker is a very specific thing. Requires licensing, registration, and, usually, insurance and bonding of one kind or a dozen.
A trader is a generic term. Can be applied to anyone trading anything, anywhere.
August 11th, 2011 at 1:31 am
A stock broker is a brokerage firm that can help you to buy/sell stocks.
A FOREX trader is a trader (individual person or company) who makes transactions on FOREX (buy/sell EURUSD, GBPUSD and so on)