Financial Traders can regularly make a significant amount of money for their employers. Trading is one of the most coveted jobs in the financial markets. A good Trader can make tens of millions of pounds for their company every year and take home vast bonuses.
The area of financial trading covers a wide range of job roles. A Proprietary Trader buys and sells financial products on behalf of the bank that employs them, whilst a Flow Trader executes trades on behalf of their bank’s clients. A Sales Trader acts as a mediator between the client and the people who are responsible for actually executing the trades.
Other ‘players’ in the market are Retail Investors. These are individual investors who buy and sell securities for their personal account, and not for another company or organisation. They are also known as an “individual investor” or “small investor”.
Regardless of their role in this fast-moving sector, typical work activities include:
- speaking with colleagues, making phone calls and making instant decisions on trades;
- making prices in their relevant products;
- executing trades electronically or by phone;
- liaising with sales traders/clients on market movements;
- predicting how markets will move and buying and selling accordingly;
- informing all relevant parties of the most relevant trades for the day;
- gathering information – critically about mispriced assets, detailed data analysis and valuation
To become a Financial Trader, you will need to demonstrate the skills and knowledge required to analyse financial markets and apply trading techniques to financial products in a global market. These skills and knowledge will also enable you to identify areas for possible business development and sources of further financial support, as well as using CPD to develop your own competence.