The money goes to the buyer's Broker, who sends it to the seller's Broker, who gives it to the seller after taking out a commission.
I would recommend having a stock broker if your main interest is just making money without any knowledge of the market.
The average starting salary for a stock broker is $17000. But this can increase with experience and time spent trading.
When looking to invest your money in stocks, it would be a good idea to work with a stock broker. A stock broker can providing you with investing tips and consultations, and can also facilitate the trades of stock. When looking to work with a new stock broker, there are several things that you should take into consideration. One of the most important factors to consider is how the stock broker is compensated. You should avoid working with stock brokers who are compensated based solely on the sale of stock. Instead, you should look for a broker who is compensated based on your return on investment.
There was over speculation in the Stock Market, which was not regulated.Many Americans purchased stock on credit. This was known as margin buying. The stock broker would lend the buyer money to purchase stock, when the stock was sold, the broker would take out the money owed him plus interest. As the market started to fall, most brokers called in their loans. Owners could not sell their stock or could not sell it at a price to cover the loan from the broker. This meant that both broker and owner lost money. Eventually, there were stocks for sale but no buyers.
that's a commission
"Buying on Margin" meant that you would only have to put down a small percentage of money (10%) and the broker would cover the rest. If the stock price dropped too low the broker could issue a "Margin Call" which means that the person has to repay all of the money that the broker put down. People often used this in the 1920s in order to buy more stock for less. i.e. Instead of buying 5 stock for $10, he could buy 50 stock for $10 and a loan from the broker. If you were to sell the stock, the broker would get his money back plus a portion of the profits.
a stock broker a stock broker
Buying on margin is borrowing money from a broker to purchase stock.
The stock market is where you can buy, trade, and sell stocks in a large variety of companies. You can invest in stocks yourself, or you can go to school to learn more about trading and become a stock broker.
Yes. Someone can become a stock broker. The proof of this, there are stock brokers.
Yes, a broker would be a good source to find information about investing in stocks. Specifically, you would want to talk with a stock broker. They will need to know how much money you have available and long you are wanting to invest.