Topic > stockbrokers - 1204

“I've known people who had great ideas, but couldn't get the idea off the ground because they approached everything in a weak way. They thought that their ideas would somehow take off on their own, or that simply having an idea was enough. Let me tell you something: it's not enough. It will never be enough. You have to put the idea into action. If you don't have the motivation and enthusiasm, your great idea will just sit on your desk or in your head and go nowhere” -Donald Trump. The stock market is simply a place where people invest in other people's ideas for profit. If all stockbrokers took an oath or entered into some type of legal agreement, less fraud would occur. Many stockbrokers are entrusted with huge amounts of money voluntarily provided by their clients. Their clients give them this money so that the stockbroker can make more out of it. Many customers donate their money without any form of documentation, just by word of mouth. Stockbrokers should not be able to handle another person's money without the presence of a legal oath, legal documents and a professional advisor. With these checkpoints in place, the likelihood of fraud through inappropriateness, poor investment advice, hidden costs, overconcentration and abandonment would be much lower than it is today. A stock broker is an agent who charges a fee or commission for executing purchases and sales. orders submitted by an investor. Stockbrokers can be independent or part of a brokerage firm. If you are a stock broker, you will trade stocks that your clients have purchased or that you have purchased for them. A broker is a job where you trust the funds of others to earn more funds by selling or buying. To be a stock broker you will have to be a big deal… middle of paper… stock broker has full control, he is trustworthy enough to make the right decisions to increase your profits from your investment. By providing the broker with all your information without any kind of legal limit, he can do whatever he wants. The broker can give you improper investment advice, make poor decisions, change commissions, hide prices and not diversify your portfolio. Ultimately all these events can influence your profit to increase the profit of the stock broker. When dealing with investors (stock brokers) you should do a lot of research. Research will pay off in the end because you will know the surface of the stock market and its ways. You should always get a copy of an original copy. When signing documents you should always sign with black pen. The stock market can make or break you; it's just how you play it.