A stock market can only be managed in a proper way with the help of the brokers. They are the human pillar in initiating the growth of stock value in the market. The brokers or the traders as we say are the only expert who can handle the up and down of a stock market.
People may think that studying a stock market is easy but on the flip side it quite difficult and needs certain amount of expertise. One needs to be an ardent follower of stock market in order to understand the flow.
Mainly a stockbroker is licensed agents who represent individuals or organizations in financial transactions that deal with stocks. They are also identified as investment consultants or financial consultants. In a nutshell according to Ram Chary a stockbroker should be knowledgeable, good with numbers, have fine quality of relations skills etc.
Here, we will be discussing the roles and function of a broker in the stock market.
- Buying– This is one of the most fundamental responsibility of a broker. A broker buys stock on behalf of the client. Every financial account is handled by the broker. Not only buying of stock but they also plays the role of an advisor. Every type of advice related to financial aspect is given by the broker to his client. Every broker is highly skillful in buying different stock. The clients completely depend on them in this activity. Over the years every stock broker has been an expert in buying of varied stock for the client.
- Selling- This is another big responsibility for the client. Other than buying they are also responsible for the purpose of selling. Even the process of selling needs certain expertise. Henceforth the brokers also serve as an expert in selling the stocks. In selling of stocks there are two types of accounts. If a client has got an execution of a simple account then the broker may help in selling their stock but on the flip side if the client has got advisory account then the broker can only give advice for necessary purposes.
- Research- Stockbrokers also helps in doing accounting, economical and technical analysis for client’s projects. Research is also a part of their responsibility. A complete study on the subject helps the stockbroker to analyze every part of the stock market. This research also helps in providing great advice to the client.
- Marketing- This also an important task for a stockbroker. In this competitive market scenario every broker should know the art of marketing and they do practice it with good skills. In order to market himself in the platform one needs to do a self publicity with the help of various vehicles of marketing. A broker needs to write articles on newspaper as an expert advice can write blogs or may upload various teaching lessons of stock market in YouTube.
Well, these are some of the important responsibilities that every stock broker should perform. In between these tasks there are more activities which a broker performs to help the client make profit in the market. Ram Chary believes that a stockbroker is the only person who can analyze the market with some great skills and knowledge and at the end help the people to get a good business.
