2006-10-02 11:07:00 · 3 answers · asked by inderjot09 1 in Business & Finance ➔ Investing
First finish school. Most legitimate brokerages won't even talk to you unless you have some sort of degree. Aim high, try the big houses first, Don't work in a "boiler room" operation( penny stocks, illiquid crap) unless you absolutely must. At first you will be a "cold caller" getting leads for a senior broker to follow up on. If you are good at that, then you may begin your own "book" which is basically a customer list that you have developed on your own. Usually friends and relatives..The real test of your ability is when the friends and relatives are all signed up and you need some real customers..Don't forget that by now, you are on "straight commissions" no salary.. as I said the real test..
This is where the failure rate is the highest..That's why brokers, insurance, and real estate companies hire newbies relatively easily, they will try and keep the customers you signed up after you throw in the towel and leave. Its a lot tougher than it looks But, if you succeed, the money is very good..
2006-10-02 13:52:26 · answer #1 · answered by Patrick C 2 · 1⤊ 0⤋
If you mean becoming a stockbroker, you need to be sponsored by a brokerage firm. And then take the NASD Series 7 exam. You dont need a college degree or any other qualifications. Its about like selling insurance.
2006-10-02 13:53:12 · answer #2 · answered by jeff410 7 · 0⤊ 0⤋
You need to take a seminar, it lasts 5 days and must bring a laptop, this is out of San Diego, the instructor is amazing and you learn everything you need to learn, you have to be prepared to trade and able to do a lot of stuff. I believe it costs about $ 500.00, look it up, perhaps I can find it for you, but need time. This guy teaches all methods and tricks of the trade. You leave the seminar ready
(Look for seminars in google)
2006-10-02 11:18:26 · answer #3 · answered by You are loved 5 · 0⤊ 0⤋