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Average salary for a stock trader in Australia

Discussion in 'Stock Market Nuts and Bolts' started by blaz0430, Jun 10, 2014.

  1. blaz0430

    blaz0430

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    I know it depends on your skills, knowledge and experience and everyone differentiates but could anyone give me an average figure of what an Australian share traders salary is? Thanks just curious!
     
  2. minwa

    minwa

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    Define stock trader ? Fund manager or a plumber who buys BHP and ANZ and spends once a month checking the price ? Does buying a share actively makes you a stock trader or do you have to be fulltime in the market as a profession ?

    Let's say the "average" is $20k (fund managers who makes $500k and lots of small retail investors who loses $5k). How does this matter as there are people who trades millions and people who puts $1k in stocks that equates to this "average" figure.
     
  3. skc

    skc Goldmember

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    No one can.. such figure does not exist and even if it does, it'd be incomplete and totally useless for you to make any decision upon.

    Also, the use of the word "salary" is really quite far removed from the reality of most traders (except may be those who are employed by institutions).
     
  4. skyQuake

    skyQuake

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    ^This

    Personally I'd say its around 100k with a standard deviation of 1mil
     
  5. Magda

    Magda

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    I like the way you think, SkyQuake ;)
     
  6. Magda

    Magda

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    The average salary for a stock trader in Australia is impossible to determine.

    To arrive at a meaningful figure one would have to interview a very large number of traders and ask them to state their true income truthfully.

    Human nature, being what it is, means that hardly anyone will tell you the truth. Some will greatly overstate their income just to brag, while others may greatly understate their income for fear the taxman might find out that they had not declared all their income.

    I personally know some traders who are doing extremely well, year after year, but they still won't tell me the actual figures. However, from their lifestyle (mansions, expensive cars, extravagant overseas holidays etc.) one can see that they must be making millions.

    I also know some who regularly blow up their accounts, but even that fact doesn't allow me to arrive at a meaningful figure for an average salary.
     
  7. rb250660

    rb250660

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    Two-fiddy
     
  8. cynic

    cynic

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    I'll Ro Sham Bo you for it!
     
  9. 1BlondeSuperman

    1BlondeSuperman

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    Since it appears that no one else could do better than a stupid smart remark. Which were for the most part utterly wrong. You can get an accurate average for anything that has a value set.

    I have tried to find the answer for you as I had the same question. I got 84K as the median salary from this site http://www.payscale.com/research/AU/Job=Trader,_Commodities/Salary.

    Sorry I didn't find this thread for several years but I only jus had the desire to know.
     
  10. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    How the bloody h e double hockey sticks would they know? It would depend on so many things that as Skyquake said, the average would be useless. Imagine one guy that has a daily risk limit of 50k and takes 75% of that, but yet another who has a 1k daily risk and takes 50% of it...wtf??:banghead:

    So you get an average of 84k, does that make someone feel better?:confused:
     
  11. VSntchr

    VSntchr

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    Well, looks like I'm **somewhere** within 1 standard deviation of the mean :D
     
  12. Gringotts Bank

    Gringotts Bank

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    Both the big brokerages and the ATO would know the answer to your question. To get the answer you'd probably need connections.

    There would be a big variation, obviously, with most losing.

    Whenever I meet an small business accountant, I ask him if he has any traders on his books. Most say "ummmm... yeh I used to have one guy". So it's not a common job, and you probably need to be in the top 5-10% to make a living.
     
  13. john5

    john5

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    it starts with the amount you have available to invest/use to invest, the more capital the larger the positions you can take, and the higher the profits (or losses), thus "salary" from drawing on your account
     
  14. OmegaTrader

    OmegaTrader

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    To calculate economic gains only

    Equivalent salary

    =

    (Capital*(Risk adjusted return-Passive portfolio return))
    ___________________________________________
    Equivalent time spent trading

    Examples

    $50,000 and 1% above market = $500 P.A
    $50,000 and 20% above market = $10,000 P.A


    $1,000,000 and 1% above market = $ 10,000P.A
    $1,000,000 and 20% above market = $200,000 P.A



    Minimum wage+externalities ~ $20 ph @ 40 hr work week ~ $40,000 P.A

    Better job ~$40 ph ~ $80,000 P.A


    Single parent on centrelink one child
    $32,460.48

    Single parent on centrelink two children

    $37,305.32

    Single parent,with 4 kids, unemployed

    $47,511.88

    Household with 4 kids, both parents unemployed

    $53,234.48 + externalities



    https://www.centrelink.gov.au/RateEstimatorsWeb/cre.do
     
  15. JoshL

    JoshL

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    I dont think this can be answered easily if at all...

    I trade with 23 other Currency Traders on a Private Forum where we all analyse and share information, but even so we are all different in our trading methods and have different results all the time.

    I also know that some of our members hardly make any money while others coin it big time. If you have a look at "Investors Underground" on Youtube, for example, you will find a couple of their members making hundreds of thousands in a year.

    How long is a piece of string? As long as you want it to be....
     
  16. minwa

    minwa

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    Cool - members making hundreds of thousands pa on youtube. Their subscription packages must be a steal at $1-2k. Get in before it's full !
     
  17. tech/a

    tech/a No Ordinary Duck

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    A salary to me is a drawing from your trading business
    Much like any business owner should pay himself a salary.

    I'd expect that someone trading for a living would allocate
    A salary of x and any surplus would go into their business
    Capital base.

    I'm surprised that everyone here talks about total earnings with no
    Mention of tax and over heads.

    All businesses I know which see their principals earning year in year out 6
    Figure salaries have nett profits of 10-20% on turn overs of 4-10 mill
    These businesses would require an investment of 1-5 million to own them.
    With upper management also earning 6 figure salaries.

    A consistent 6 figure salary year in year out including taxes is rare in the
    Business of trading for a living from what I've seen.
    And fanciful for most who ask the question here.
     
  18. minwa

    minwa

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    Overheads for trading ? There's barely any..PC & internet & home(office) are living essentials that most have anyway. Brokerage is included in net profit. What else ? Maybe a subscription or 2..that's it ? Don't see how that's significant.

    Tax is different for everyone, different countries, family situations etc. skews results massively when getting an idea of trading profits.
     
  19. tech/a

    tech/a No Ordinary Duck

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    Many would have a wife.
    My biggest overhead.
     
    GusBus, Rypieee, Cam019 and 1 other person like this.
  20. dutchie

    dutchie

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    Average salary for a share trader:
    For the first 2 years: -$10,000 pa
    For the next 2 years: $0 pa
    For the next 2 years: +$10,000 pa
    For the next years: $10,000 + pa
     
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