What is a trading account?
by 
The Curious Bag
ANSWERS: 1
-
Trading accounts are essential tools for buying, selling and storing stocks, foreign currencies and securities. Trading accounts serve a function of convenience by helping investors keep track of their investments. The accounts also allow businesses to keep track of where their profits are coming from.
Identification
Trading accounts are similar to bank accounts. They are found at brokerage firms.
Function
Trading accounts hold cash and securities for the account holder. The trading account can be used to separate brokerage accounts. This account is administered by investment dealers.
Types
Trading accounts allow holders to store stocks, any type of cash including foreign money, securities and other types of investments.
Strategy
Trading accounts are also used by investors in order to employ a trading strategy.
Business
In business, a trading account is a type of income statement. The trading account shows where gross profit is generated within the company.
Source:
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC