To become a professional trader, it is essential that an individual needs to excel in managing stress, understand technical aspects, and perform deep research to gain insights into the market trends. Therefore, a financial firm recruits a candidate for a trading position who possesses good technical and fundamental analysis knowledge.  

Today, jobs in the finance industry are incredibly lucrative. From portfolio managers to financial analysts and investment bankers, there are numerous six figures high-paying finance professions available in India. Depending upon one's qualification, experience, and expertise in a particular field, one can attain a successful career in this industry.

No matter whichever profession you choose, one thing is common and vital in any trader's life, and that is, inheriting good communication skills!

Developing communication skills helps you become a complete trader. For example, convincing your client to purchase trades, insurance, bonds, or any securities requires strong verbal and written communication skills. 

Communication is a medium to impart and exchange information to one or more than one person; it speaks a lot about your traits, especially if you are a trader. 

In the finance industry, your employer will study your ethics, elegance, listening ability, confidence, respect and, most importantly, approach towards the organization by how you communicate. Whether your work and education are up to scratch, uncultured behavior will be a liability for the organization.

So we are listing down a few communication skills that are essential for a trader. It will help you understand the impact of communication skills on career growth and the finance market.

60% of your work is done when you listen properly. All you need to do is the focus. Developing this skill will help you build and maintain relationships, solve problems and follow & execute all protocols instructed by your superior. 

In a finance company, listening skills are essential. Only after listening to your client's life goals, budget, and working profession you can advise them on a proper insurance policy or mutual fund scheme. It will help you structure their financial planning and provide the best premium amounts.

Sometimes, our actions speak more than our words. Even though you are listening, your expressions are the first thing people notice. Sitting cross arms, poor posture, avoiding eye contact etc., are a sign of inappropriate communication.

It will help if you act natural. For example, while presenting your mutual fund schemes, your clients will notice your attires and hand gestures while you are speaking. It will help them sense the confidence in your after-service provided by your company.

You might come across several articles telling what empathy is all about. From what I can conclude, empathy is based on all human's emotions and cognitive status. Your co-worker is more like a team-mate, as you spend most of the time with them. 

While selling a critical illness policy to a client with a disability, the financial advisor needs to demonstrate patience and sympathy towards them. In addition, one needs to gain their trust and accordingly suggest the best policy covering their treatment and hospital expenses.

Who does not like being appreciated and admired for their work? Even a tea vendor Chotu will smile if you compliment him on his work. Give feedback to your co-workers, employer, or client, whether positive or negative. 

Your colleagues or co-partner will have a monthly target to sell their policies in the finance industry. Of course, they will always welcome suggestions and work harder to achieve their sales target. But, even if they will not appreciate your tips, at least you were honest.

You are fit for the job; you are in! Confidence is the key. In the finance industry, always participate in group discussions, speak confidently, think about the solution, and share your ideas. 

For instance, when your company wants to launch a new mutual fund scheme, try to give them suggestions with its branding. You can take this as an opportunity to think out of the box and show your caliber and dedication.

These few examples impacted any working professionals in any workstream, especially in the finance sector. The significance of communication skills cannot be understated.

Communication skills help you sustain yourself in your working environment and help boost your career. Good coordination with your colleagues, participation in debates, veneration towards your company, etc., will be considered while promoting you in your workplace.