CHAPTER 3

The Stockbroking Firm

Take time to get to know yourself, so that you can better handle your stress level.

A Brief Overview of the Stockbroking Firm

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Here is a brief breakdown of the types of people or departments that make up a stockbroking firm. I am about to disappoint many novice traders: There is, actually, no mystery to what a stock exchange is or how it operates.

The mystery and confusion about stockbrokers starts with understanding the differences between the various positions within a stockbroking firm. Often, when an investor calls to open up a trading account, he or she will ask for the stockbroker and not the dealer. Analysts ...

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