I know someone who is into commodities and he does VERY well. He worked on .

Anyway. If I want to become a stockbroker, how would I go about doing it? I want to go to college. What IS a commodities broker anyway?

Are there any other types of "broker’s"?

Which make the most.

I know these questions are really vague but can someone please try and shine some light on this for me. Thanks.

 

  • M dub 5:45 am on January 30, 2010

    a broker is someone who makes a commission off of someone else’s buying and/or selling. Of anything – stocks, commodities, real estate.

    With regard to financial brokers and the advent of computerized trading, there is much less need to call a broker and tell him what do to (or ask for advice). Commissions are a fraction of what they used to be. And the value of brokers is diminished as the investing community is becoming more self reliant in their analysis.

    btw commodities brokers do the same thing stock brokers do but for commodity futures or options (usually) instead of common equity shares. Oil or corn or soybean (futures) rather than company stocks.

    A broker differs from a trader, who actually takes positions of risk in buying and selling, a broker just tries to come up with ideas to get you to trade (more trading means more comissions). the idea is that it is better to sell picks and shovels than to be the one who prospects for gold.

    Watch the movies wall street or boiler room (stocks), and Glengarry Glen Ross (real estate) for rather jaded views of these professions.

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