| A stock broker is a commissioned agent who | | | | knowledge in: |
| arranges for selling or buying stocks or other financial | | | | 1.General knowledge in securities and stocks business |
| instruments for his or her clients. The stockbroker | | | | 2.Customer protection laws, procedures and liabilities |
| sometimes is not needed these days when buying | | | | 3.Record keeping and administrative procedures |
| and selling can be done over the internet. Still, the | | | | You will need to check whether your state requires |
| earning potential of stockbrokers has never shown | | | | you to execute a personal bond. Correspondence |
| signs of decreasing. | | | | courses are also available, which is the most |
| I Am Not A College Graduate; Can I Become A | | | | preferred mode of study chosen by candidates. |
| Stockbroker? | | | | Isn't Working On Commission A Risky Proposition? |
| Anyone who is interested can become a | | | | It depends on how you look at it. It can be |
| stockbroker, provided he has or she has the requisite | | | | compared to the classic case of two people looking |
| grasp of the subjects required and a good | | | | at a half full glass. However, usually those who think |
| understanding of the financial markets. Anyone from | | | | they can make a career in this filed also have an in |
| high school graduate to a Harvard scholar can | | | | depth knowledge and strong belief that they can |
| become a stockbroker. However, these days it is | | | | succeed in the profession. One long Bull run can cover |
| desirable that aspiring candidates have a college | | | | the lean periods. |
| degree due to the complex nature of the job and | | | | How Is the Market Competition? |
| the larger grasp of the economy that is needed for | | | | For brokers there is usually never a long lean patch, |
| making technical and commercial financial analyses. | | | | even including the sluggish phases that followed the 9 |
| Do I Need A License And What Are The | | | | 11 attacks. The younger Baby Boomer generation, |
| Requirements For Obtaining One? | | | | with their fast paced investment and lifestyles, keep |
| Yes; but before you get your license, there are | | | | entering the market in search of high returns. A new |
| exams that you need to pass in order to qualify to | | | | broker need not refrain from approaching clients of |
| represent clients. Although licensing requirements vary | | | | the older, larger brokerage firms. There is always a |
| from state to state, the overall requirement is | | | | chance for winning some of them who are not |
| roughly the same. | | | | satisfied by their services. |
| National Association of Securities Dealers, or NASD, | | | | Stockbrokers also do double duty as investment |
| conducts this licensing examination which is called the | | | | advisors, real estate agents/brokers etc which |
| General Securities Registered Representative | | | | complements their work as well as supplement |
| Examination, or Series 7 exam. After this | | | | earnings. The idea is to catch the investor to |
| examination, one is required to put in an internship of | | | | diversify his investment. If you want to know the |
| at least 4 months with a registered brokerage firm. | | | | earning potential: the median earning was $69,200 |
| Most states also require a secondary examination. | | | | while the central half earned between $40,750 and |
| This is the Uniform Securities Agents State Law | | | | $131,290. |
| Examination, which is devised to test candidates' | | | | |