As you are an IT student, you are familiar with the latest technology and software that can be used to your advantage at times. There are many ways from where a person can learn about making a career in finance, stock market and day trading that be self-learned or through others. Now when we talk about stockbroker or day trading, it has a slight difference but both need a clear and thorough understanding of the market, its fluctuation and correct timing. It can be a full-time, a part-time or just a way to generate a secondary income through the knowledge of the stoke market.
Day trader - It is a self-employed person or individual who enters the share market to earn money by buying and selling shares using his, families or friends money without any external help but fully shoulders on himself.
Stoke broker - He/she is a person much in touch with the client who provides updates about the market fluctuations, advises of buying and selling stocks and securities depending upon the market condition, the rates of stoke while selling and also look to generate high revenues for their stock trading company.
Q: Can financial analysis and day trading be self-taught or do we need a bunch of mentors for it?
A: If you can devote one to three hours per day to check on the stoke market focussing on the opening and close of trading, the forex, BSE will help you to get the know-how of the market. If you are interested to make a career in the stock market, you can take up any online or offline course which will help you understand the ups and downs of the market.
Q: What are some of the courses that can enhance your skill as a trader?
A: Some of the courses that can be learned to enhance your skills in stoke broking are - Stock market course for beginners, Stock market course for traders, Quick Trader Course, Technical Analysis Course, Fundamental Analysis Course, Investment Analyst & Portfolio Management, Equity Dealer Certification, Certificate Course in Stock Market, Diploma In Financial & Stock Markets, Diploma Investment Advisory and Diploma In Research Analyst.
Q: Does a student with IT background go about planning a career in finance?
A: The minimum education qualification is graduation, the minimum age is 21 years and 2 years of experience in the stockbroking company after graduation. If you are interested in becoming a sub-broker that requires12th standard. Normally, every stockbroking company looks for a person having a background in the field of commerce, economics and business administration.
Q: What are the qualities required to become a professional stockbroker?
A: Some of the qualities that help to make a career in finance stock market is dedication, passion, intelligence, understanding of the market or Logical Thinking, Good Communication skill and mathematical skills and collection of data or information of the market.
Q: What are other position available in finance or trading?
A: Some of the stock market career options are Equity Advisor, Technical Analyst, Fundamental analyst, Relationship Manager, Self-investment, personal or company Financial Advisor and Consultant, Broking-sub Broking services, etc.
Q: What is the salary of the stockbroker in India?
A: The salary of the stockbroker in India depended on their qualification, performance and client or company he/she is working for. The average salary of a stockbroker/trader ranges in between Rs 20,000 to 40,000 per month.
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