The US stock market is so large, how many people make money solely through secondary trading?
There are so many people on Wall Street, how many are professional traders?
If the answer is: very few, would you be curious about how others are making money?
I asked AI, and it said traders account for less than 1%...
In reality, most people on Wall Street and in the financial industry make money through service fees, commissions, and management fees...
The US stock market is huge, but the main source of profit isn't traders, but the financial service ecosystem...
So, who are they serving?
Answer: Money...
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The US stock market is so large, how many people make money solely through secondary trading?
There are so many people on Wall Street, how many are professional traders?
If the answer is: very few, would you be curious about how others are making money?
I asked AI, and it said traders account for less than 1%...
In reality, most people on Wall Street and in the financial industry make money through service fees, commissions, and management fees...
The US stock market is huge, but the main source of profit isn't traders, but the financial service ecosystem...
So, who are they serving?
Answer: Money...