Become A Stockbroker

					Wishing To Become A Stock Broker
Stock brokerage firms prefer to hire mature, experienced people who have already been successful in another career. Stock broker firms are always
on the lookout for a hard working, entrepreneurial stockbroker trainee.          Licensing requirements You have to pass stockbroker license exams before
you can start working as a broker. You have to pass the Series 7 Examination, which is formally known as the General Securities Representative
Examination. People, who want to work in the securities industry and sell any type of securities, must take this examination after working as
employees of registered stock broking firms for at least four months. They are then eligible to register with all self regulatory organizations, for stock
trading. The Series 7 Stock Broker Exam is administered by the NASD (National Association of Securities Dealers), which is the leading provider of
private sector financial regulatory services in the world. Most states also require brokers to take the Uniform Securities Agents State Law
Examination, which measures the prospective stock broker`s knowledge of the securities business, record keeping procedures and customer
protection requirements.           A college degree can be helpful and the majority of people in this profession have a college degree, though it is not
essential to have one to become a stock broker. Employers give more importance to personal traits, than to academic qualifications. It is essential to
be highly motivated to succeed and to have excellent interpersonal and communication skills. Selling skills and the ability to handle rejection can help
beginners to establish a clientele. Working conditions Brokers have to face competition for entry-level positions, which is quite intense for positions in
larger companies, although more jobs are available in smaller firms. There is a lot of turnover among beginning stock brokers, and many of them have
to quit, because they fail to establish a regular clientele. However, once they are established, stock brokers can look forward to high earnings and they
are very attached to their career, because of their considerable investment in training for it. Brokers are usually paid a commission based on the
stocks and other financial products they sell, so their incomes are likely to be high when there is a lot of buying and selling activity in the market and
lower when there is a slump in the market. Established brokers usually work a standard 40-hour week, though beginners, who are struggling to
establish a clientele, will have to put in longer hours in office. Brokers have to be prepared to work under fairly stressful conditions.       If you are
interested in being a stock broker, you can look forward to bright career prospects because, with incomes going up, people are increasingly seeking
advice for investing in the stock market. Investment products are becoming more and more complex and investors need expert advice to understand
their investment options and to make the right decisions.


About the Author
Ayna Miah knows the stock brokerage industry secrets both inside and out. Now he wants to share his profitable knowledge with you.Discover the
Insider Tips, Techniques and Secrets That Will Turn You Into a Successful Stock Broker and Even If You Have No Experience Whatsoever.
www.aboutstockbrokers.com/blog


Source: http://www.articlestreet.com

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:149
posted:7/12/2009
language:English
pages:1