An Equity Trader is tasked to buy and sell securities involving properties or other short term automated trading models. He or she should also be able to identify trading strategies and methods that could lead to greater profit or income for the clients. In addition to this, he or she should equip him or herself with the current trading practices in the market to be able to recommend ideas that may be crucial in improving mathematical theories or even postulate new ones.
He or she should also maximize computer use to be able to access data and generate reports using spreadsheet software. Evaluating financial risks and making decisions based on little data is also an important daily task of an Equity Trader. Additionally, he or she should also be able to understand and be well versed with stock market terms and trading practices.
Lastly, Equity Traders are expected to make sure that all trading transactions are legitimate and in compliance with laws and policies of the government to avoid law suits and other penalties.
A bachelor’s degree related to business is required for this position. It is also required that the applicant has a strong analytical ability or has knowledge of intraday stock analysis and is well versed with market patterns. For a higher position, a post graduate degree in Finance may be required.
The average wage for Equity Traders today is around $65,000, but this is dependent on the location of the opportunity, as well as any potential experience a candidate has.