What is Stock Broking ?
Would you like to predict the impact of changes in policies, inflation rate and changing economic trends on the share market? Do you read the business pages before the sports news ? Do you follow the ups and downs in the share market? If the answer is yes, then how about stock broking as a career choice for you ? Deciding on a competent financial advisor is an important decision for everyone !
Most people buy their stocks through a broker, a traditional route of investing in the stock market. Stock brokers act as agents for buying and selling stocks, bonds, and mutual funds, and are regulated by the Securities and Exchange Board of India (SEBI).
The work of stockbrokers has become a challenging one as it incorporates specialized knowledge as well as professional acumen. Stock market and related functioning has become computerized which obviously demands information management skills as well. Stockbrokers commonly divide their operations between private clients and institutional work. Alternatively some brokers act only as dealers while others are principally advisors. In large firms stockbrokers deal with and advise smaller firms or work for both individual and institutional clients. Stockbrokers can be :
What do I have to do ?
A stockbroker invests in the stock market for individuals or corporations. Only members of the stock exchange can conduct transactions, so whenever individuals or corporations want to buy or sell stocks they must go through a brokerage house. Stockbrokers often advise and counsel their clients on appropriate investments. They assess the financial requirements of their clients and advise the best investment for them, thereafter facilitating the purchase and transfer of stocks. Stockbrokers spend their time in a fast-paced office, and spend many hours on the phone building up a client base.
As the condition of capital markets is constantly improving and channels like NDTV Profit and CNBC have created greater awareness, the investment scenario has started drawing attention of a lot more people than before.