Are you thinking of getting your feet wet as a stockbroker? First, you have to make sure you know what you’re getting yourself into. If you simply want to get into the industry because you think that would be the fastest way to earn money, you will not get very far. In fact, you will probably end up frustrated.
To be a successful stockbroker, for obvious reasons, you have to have an interest in the stock market. You have to keep a close watch in the market and know how to analyze the behavior that causes the rise and fall of each stock. Starting out, you have to invest a lot of time into building your own career. You will be on the phone often and in front of the computer monitor looking at graphs stating the rise and fall of the market prices. You need to know how to give advice for the best interest of your clients.
The good news is you do not have to have a particular educational background to become a stockbroker. In fact, you do not even have to be a college graduate. What you do have to do is obtain is a license. To get the license, you have to pass the General Securities Registered Representative Examination. You may only take this test after you join a brokerage firm for at least four months. The first four months are a probationary period to see if you qualify for this test. After taking the test, many states also require you to take the Uniform Securities Agents State Law Examination designed to ensure you have the basic knowledge of the different aspects that make up the stock market. After getting your license, it is expected that you have continuous training to update yourself on the market.
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Source: www.isnare.com
