I read the following article on one of the websites. I really forgot the site, I did not try to find out and the only reason I can give is “I AM LAZY TO DO IT”. Please let me know if you find that out for me. Thank you.
When Stock market trading started gaining momentum in the early 1980’s, there was a huge shortage of traders. Investment firms were finding it hard to find suitable individuals to whom they can teach trading and make them earn money for the firms. Moreover, individuals were not very enthusiastic about taking up trading as a career. Those who were willing to opt for it, were the ones who failed in other streams. This created a huge shortfall of “traders” in the market. So the investment firms and brokerage houses started looking around for people who can fit into their requirements. Continue reading