Glossary

A broker is a person or firm that acts as an intermediary between buyers and sellers in financial transactions, such as trading stocks, bonds, or other securities. 📊

They facilitate trades on behalf of clients and usually charge a fee or commission for their services.

For example, if you want to buy shares of a company, you would place an order through your broker, who then executes the trade on your behalf and updates your account with the purchased shares.

Fun fact: The New York Stock Exchange, the world's largest stock exchange, was established in 1792. 🗽 However, brokers have been around even longer! In fact, brokers have been facilitating trade in various forms since ancient times, helping to connect buyers and sellers in markets across the globe.