What kind of education is required to become a professional investor/stock trader?

Question

I am in the military, so I won't be making much money in my present vocation; however, when I do have time, I would like to study to be a professional investor, stock trader, or maybe even dabble in the foreign exchange. I am not looking for an MBA (I have a MAcc) or something to hang on my wall, I am looking for practical ways to learn to be a trader. Does anyone have any advice?

Answer 1

you do not need a formal education to become a stock broker. the guy that handles 5 of my mutual funds was in the navy for 6 years then went to work as an assistant at t rowe price. he now manages 9 funds and does a great job. your military background will help you get a job but you must know how the market works. read all you can about it. there are different series test you might have to take, series 6,7,62,63,65, depend on what you want to be able to trade. practice questions are available online. this will give you an idea of the things you need to know. it is not just about how a stock does during a trade session
ex:
The Securities Act of 1933 pertains to which securities market?
a. Primary
b. Secondary
c. Third
d. Fourth

What is the third markets???

Which of the following does not apply as far as trading stocks on the floor of the NYSE is concerned?
a. Time priority
b. Price precedence
c. Time and price parity
d. Premiums

How much of one company can a mutual find own?

good luck

this is a list of the series test you might need. dont be nervous, if it something you want to do, you will have no problem

Answer 2

Professional Stock Trader

Answer 3

1

Answer 4

This Site Might Help You.

RE:
What kind of education is required to become a professional investor/stock trader?
I am in the military, so I won't be making much money in my present vocation; however, when I do have time, I would like to study to be a professional investor, stock trader, or maybe even dabble in the foreign exchange. I am not looking for an MBA (I have a MAcc) or something to hang on my...

Answer 5

Hey,
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org

I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.

As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Cheers.

Answer 6

You might want to consider http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. You can develop trading strategies without risking actual money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Hope this helps. (And thanks for serving your country!)

Answer 7

For the best answers, search on this site https://shorturl.im/awy5z

There is no "formal" education that is required to be a day trader, or any other type of trader. In my 45+ years in the business I have never heard of a "professional day trading instructor". I have managed brokgerage firms and have never hired an instructor for any function in a brokerage firm. If an "instructor" were that good, they would be a trader themselves. To teach you must know the product and/or service very well. This usually takes years of hands on experience as a trader and an extensive amount of studying on your part.

Answer 8

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/sfehg

Answer 9

Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/bYnyy

Answer 10

Hi,

If you are not going to trad on the floor then no special education is required.

Start your self education reading following books:
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;

Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;

Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;

Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams

I think Bill M. Williams is the best teacher for stock trading. Then go to his website www.profitunity.com and order home study course. If you would have possibility then try to get education in his office. You’ll see how easy you could become successful trader and how easy is trading using his guidance and software.

If you will do in range as indicated I hope my advices will be useful and one day you become very happy and successful trader!

Furthermore I could introduce you to one brokerage company in Austria that allows to trade from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available, currency spreads from 1 pip. It's very rear option If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years and you’ll get my assistance in the future.

Good luck!