Why hire inexperienced traders?

Completely inexperienced traders have great flexibility! As soon as you get on board, you are out of legal protection to some extent! Your legitimate interests are damaged, but there is nothing you can do about it!

Related introduction:

Generally, a trader is a person who acts as a principal or trades for the other party in a transaction. Place a buy or sell order in the hope of earning the difference (profit). In contrast, a broker is a person or company who acts as an intermediary to connect buyers and sellers for a commission.

Excellent traders are the talents that banks, securities companies (investment banks), listed companies, funds, and professional trading companies are most willing to spend a lot of money to recruit, because the level of traders has a huge impact on the company's performance. . French bank Société Générale and British bank Barings suffered huge losses due to traders' irregular operations. For many investment banks, trading is the most profitable business. For example, Goldman Sachs Trading’s revenue accounts for 60% of total revenue.

Traders are divided into two categories: day traders and non-day traders. Non-day traders are very similar to domestic stock trading, because Chinese stocks implement T+1, but they can only do long domestically, while there are no restrictions on long or short foreign trades (long and short are very visual, long is to buy first) Enter and wait for the price to rise, and short position is to sell first and wait for the price to fall).

I will mainly talk about day traders here, because most people in the country are unfamiliar with this. Intraday traders mainly obtain spread profits by seizing small fluctuations within a day, that is, accumulating profits through multiple T+0 operations.