A real-time trader is an individual who monitors financial markets and trades stocks are shares over a very short time. They place trades, and in some cases, rely on stockbrokers to make purchase decisions based on a company's needs and policies. These individuals perform research and market analyses to discover new markets and develop new sales and purchase strategies. Real-time traders are also responsible for making a well-informed stock purchase and selling decisions that benefit their clients.
Most real-time traders have a bachelor's degree in finance, accounting, or business; however, an advanced degree is not necessary to pursue a career in this field. A real-time trader should possess strong skills in math, communications, finance and be adept at using computers and related financial software.
A real-time trader can make up to $102,000 annually, and the field is expected to grow 4% by 2028.
There is more than meets the eye when it comes to being a Real Time Trader. For example, did you know that they make an average of $48.98 an hour? That's $101,878 a year!
Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.
There are certain skills that many Real Time Traders have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Customer-service skills and Detail oriented.
If you're interested in becoming a Real Time Trader, one of the first things to consider is how much education you need. We've determined that 74.3% of Real Time Traders have a bachelor's degree. In terms of higher education levels, we found that 14.4% of Real Time Traders have master's degrees. Even though most Real Time Traders have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Real Time Trader. When we researched the most common majors for a Real Time Trader, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Real Time Trader resumes include Associate Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Real Time Trader. In fact, many Real Time Trader jobs require experience in a role such as Internship. Meanwhile, many Real Time Traders also have previous career experience in roles such as Finance Analyst or Analyst.