What is the difference between Broker and Trader? - ProProfs Discuss
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What is the difference between Broker and Trader?

What is the difference between Broker and Trader?

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Asked by Jasmijn , Last updated: Nov 09, 2024

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C. Marcus

C. Marcus

C. Marcus
C. Marcus, Content Developer, Washington

Answered Aug 12, 2020

When it comes to the field of business, people are very much confused about the jobs of two related professions. This is the stocker broker and the stock trader; they both have different roles that they play.

Brokers are more or less the same as a sales representative; they buy and sell stocks and have direct contact or communication with their respective clients. Brokers do the buying and selling of shocks either for themselves or a firm. They also increase the base of their client through creative ideas like advertising and creating seminars that will lure the clients.

Traders usually work under a bigger investment management firm or company, traders usually sell, buy, and trade securities in place of assets. The most trader usually doesn’t keep stocks for a long period because of price variations.

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