Advantages of Traders of a trading floor - and How to Receive Them
Dealers who earn on life on an exchange floor, have some things that I think, advantages. You see that traders of a trading floor can pull with their feelings. Than I mean, it, they can use a kind, a sound, and speech. They - advantages which they add to their arsenal, trading. The hole on a stock exchange trading floor looks very chaotic, but there is a simplified fast change to that proceeds there. I will explain, how it is advantage.
When you trade on the computer, you only observe dynamics of the prices on the diagram, and you base the trading decisions accordingly. On a floor action of the people moving, can often give tip to dealers to whom the markets are going to raise. In the same way as all people will aspire dealers there where action occurs.
Trade on the computer doesn't consider action noise to influence you. Dealers who are on a floor, can hear launch and falling of noise of crowd. It very much resembles football game. If you have been occupied and not looking game you could have still an idea of how it goes, listening to others in crowd which welcome or not according to action on area. It - especially advantage, if you in condition and search of a good place, to leave. You can judge an impulse of a current management of the market and to receive feeling for this purpose, when to leave.
Advantage of speech is obvious. You spend the day surrounded with others which earn on life in the same business. The information and strategy can be discussed with peers and are is better understood. When spot news hits, you will hear on a private experience that other initiators of the market think of it.
They - a little from advantages that I feel that the trader of a trading floor has on the party. Some of them can be copied and are exploited by the dealers based of the house.