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Junior traders work for investment banks or private equity firms, analyzing investment opportunities and executing trades. They may present investment strategies to potential investors and trade a small amount of investment capital. A formal education in business, finance, mathematics or accounting is required, with additional certifications and licenses recommended. Junior traders must learn a variety of trading strategies and asset classes, and may develop their own trading strategies over time.
A junior trader is a person who works for an investment bank or private equity firm. Many are responsible for analyzing potential investment opportunities and assisting senior traders in executing trades. A junior trader’s duties also include tracking and reporting trades and price fluctuations in a specific investment. As an alternative to working for a prestigious investment bank, an aspiring trader may decide to trade his own capital initially to establish a positive trading record.
Many investment banks train junior traders, allowing them to present the company’s investment strategy to potential investors. The presentation skills acquired by the professional will allow him to better understand the company’s core business model. In addition to introducing investors, the trader will usually be responsible for trading a small amount of investment capital. Senior traders typically monitor the trader’s actions and assist him in executing the company’s investment strategies. Upon establishing a successful trading record, it is possible for a junior trader to be promoted to senior trader ranks.
Becoming a junior trader is extremely competitive and anyone considering starting a career working for an investment firm will need to have a formal education. Most traders have a bachelor’s degree in business, finance, mathematics or accounting. Individuals who want to aggressively advance through the corporate ranks often have a master’s in business administration and can earn additional financial certifications and licenses. Due to the competitiveness of the industry, it is always recommended that aspiring traders continue to develop their knowledge and credentials.
An individual who wants to become a junior trader needs to be able to learn and internalize a wide variety of trading strategies and asset classes. While a junior trader can start their career in a wide variety of asset classes – such as stocks, commodities or currency – there are numerous trading engines on the market such as options, futures contracts and more. A trader will initially be trained in the asset class that best suits the company’s needs, but over time many traders begin to develop their own trading strategies and implement them into their daily routine. This can often be extremely beneficial for successful traders as their income is directly affected by the amount of profit generated by their trading activities.
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