Wednesday, August 8, 2012

How The Stock Market Works

Trading on a country’s stock market requires skill and discipline. Some traders have skill and execute a plan for trading; however they don’t have the discipline to stick to their plan, so they lose money.
The stock exchange consists of publicly traded companies. Not all companies which are publicly traded suit individual traders.
Before choosing which shares of a company to trade on the stock market, evaluate the company carefully. Make sure that it meets the criteria you set. These criteria are those that guarantee your success as a trader.
A stock market provides companies with a liquid environment for trading their securities. Strict regulations apply to the market. A body usually oversees the trading in shares that is done every work day in the stock market.

Image via Wikipedia
This regulatory body oversees trade in securities on the stock exchange. It also usually is responsible for licensing brokerage houses that trade on the exchange. Investment dealers and advisors are often licensed by this same organization in most countries.
Actual direct trading on the stock exchange can only be doe by registered stock brokers. Registered stock brokers trade bonds and shares on the market on behalf of their clients.

Image via Wikipedia
Members of the public who want to trade on the exchange but are not licensed as securities dealers usually have to open an account at a licensed brokerage firm. After opening an account with a minimum balance for trading, they can request that stocks be traded on their country’s exchange on their behalf.
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Wednesday, August 1, 2012

Actuarial Jobs - Could You Be An Actuary

In order to work in an actuarial job, you must need deep analytical skills, as well as an understanding of behavior and control risk programs. Actuarial jobs in the insurance industry include many disciplines and sectors of insurance including: pension, life, property, casualty, liability, health and general insurance. Actuarial jobs for life, health and pension insurance deal with the risk of death, medical services risks and investment risks.
Actuarial jobs for general insurance are known as casualty actuaries and deal with non-life risks that occur to property and people. They commonly work with companies specializing in auto insurance, home insurance, commercial insurance, malpractice, product insurance and other types of liability insurance.
Insurance is required in nearly every aspect of our lives, and big insurance companies have to calculate the risks associated with each insurance policy in order to properly bill for the service. This risk assessment, done by an actuary, is what helps the insurance companies decide whether the risk of the particular policy is worth it and how much to charge for the policy in order to minimize financial loss of the company.
Actuaries specialize in probability and statistics, and use the foundations of mathematics, finance, business and economics to determine risk of events and to create policies that minimize the financial loss of the risk.
In the UK, actuarial jobs are common, especially in the Government Actuary's Department to analyze data and statistics to estimate the likelihood of events and their impact on the country and residents. The actuaries also design pension plans and financial strategies for the government to maintain finances and stability in the country.
The general employment of actuaries in both life and casualty is to determine premiums and reserves for insurance policies that cover a wide variety of risks. The premiums (payments made by the policy holder to the insurance company) are based on the amount of money the insurance company needs to collect in the event of expected loss and expenses (such as vehicle replacement due to collision). In the life end of actuarial jobs, the actuary does the same job but analyzes the frequency of loss and size of loss in severity.
In the UK, actuaries must qualify for the job though a series of courses and exams provided by the Institute of Actuaries and the Faculty of Actuaries--which are separate bodies but coincide with each other, although training schemes run by employers to exist. The exams are taken after joining the body although if courses are taken at university, some of the courses and exams may be exempted. It is required that a candidate of these bodies have three years of experience in actuarial work under the supervision of a recognized actuary in order to be eligible as a "Fellow of the Institute/Faculty of Actuaries.
Hugo Reyes is a writer for Insurance Jobs, a leading recrutiment website specialising in underwriting, broking, reinsurance and Actuarial Jobs. Insurance Jobs is the premier resource for those seeking a career in the Insurance sector.
Visit Insurance Jobs for more vacancies in the insurance industry.

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