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Question about brokerage firm?
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OneSharer
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11-Jan-2008 18:21
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I mean failure is defined by one's values. |
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OneSharer
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11-Jan-2008 18:15
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Mike: thanks for your response. Disagree with you on this. Unhealthy to bottle up everything. Not that people don't want to share; just may not find the right people to share with. Else, helpline will go out of business. Also, experiencing stress is not a sign of failure. It's a matter of priority/value. |
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Pinnacle
Master |
11-Jan-2008 15:02
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Broker will get lesser cut of the commission than remiser. In reciprocal, broker will absorb lesser cut of default than remiser. |
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mike8057d
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11-Jan-2008 14:19
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you will always hear people's success stories...but not hearing any sad sad stories. Nobody want to share their failure.....face value |
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OneSharer
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11-Jan-2008 14:13
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If brokers/remisers bear all risks and brokerage firm none, does that mean they can work with as little/many clients as they want? Heard a lot about their risks but also heard about a broker buying house after houses. A lot of jobs have their own stresses...with internet access, hardly need to contact my broker. Why broker stressed? (E.g. place buy/sell? give advice?chase margin? deal w/ default?) |
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Manikamaniho
Senior |
11-Jan-2008 12:04
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Whatever the participating scheme (broker or remisier) , it is important to realise the point fact that making money in the stock market itself is not easy.
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terencefok
Master |
11-Jan-2008 11:39
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Any brokers/remisers care to share the difference between the two? Is it true that a remiser earns whatever commission from his clients while brokers earn fixed salary plus some part of commissions they earn for the Co.? |
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mike8057d
Veteran |
11-Jan-2008 11:27
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but of course, not everyone is as lucky as Peter.....there are also a lot of remisers who get lousy clients |
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mike8057d
Veteran |
11-Jan-2008 11:25
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if you get rich clients like what Peter Lim got, then your commission will be in millions of dollars |
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Pension
Elite |
11-Jan-2008 10:57
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wow, mani now wnat to be broker. ha ha ha |
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Pension
Elite |
11-Jan-2008 10:48
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fyi, broker is employed and remiser is self employed. |
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sohguanh
Veteran |
11-Jan-2008 10:43
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Mani: The answer is simple. It is hard to be a full time trader and earn monies consistently. For broker you depend on your client commission. As long as your clients trade you get commission. The downside is if you allow their trading limits to be bery high and they short or contra like nobody business then no monies pay you ownself eat :) The real winner in this stock trading game is SGX and brokerage firms and our "beloved" gahmen hahahaha..... :P |
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Pension
Elite |
11-Jan-2008 10:41
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not all clients are default payment, onli minority. your broker will help u to take legal action against defaulter and report to sgx.once their name in sgx, many broker houses will know and they will avoid this clients. |
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Manikamaniho
Senior |
11-Jan-2008 10:14
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With the huge risk of client default involved, it would be much prefered to be a trader oneself rather than earn other people's meagre commission... |
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Pension
Elite |
11-Jan-2008 09:45
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it is true. |
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yeti5000
Member |
11-Jan-2008 09:38
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when you reply? can you tell which brokeage you are in . Thanks |
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yeti5000
Member |
11-Jan-2008 09:35
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applying work in a local brokerage firm. They say that , for the job, if my client could not return the money he borrrow to trade using margin. I am going to be the one responsible for this, and the debt will be on mine as long as the debt is collected. Is it true? Anybody work in the same line, I just wonder that how could you control the risk? Is it possibe that you can decide if to excetucte the trade , if you think the margin is too risk!? |
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