Answers
i mean, is there a specific degree that a person must have? or is an MBA all that is necessary to be able to trade stocks?
You don't even have to have a degree... a BA or a finance degree helps...but all you have to do is pass the series 7 exam...it's hard but you can take a test prep class. You could go further and earn a CFP..certified financial planner...but you don't have to. However, would you trust someone with your investments who did not have a degree. Look into finance degrees...or a CFP...those are your best bets.
The Howard Stern Show's Sal Governale took a second trip to Harlem after the inauguration to interview residents on their thoughts of the new ...
Yes.
You can become one of the professionals who work to create ways of getting around financial regulations, to the detriment of society.
Do something worthwhile instead. There is a long list.
Unless, you are just interested in getting money and screwing the rest of us.
How does one train to be a stock broker? An inexpensive course that is accredited by stock companies... Thank you
You have to be hired by a brokerage firm as a trainee. They will set you up for training which includes the Series 7 exam and others depending on what the firm sells. You have to be sponsored by a brokerage firm to take this exam.
Check your local community college for classes on investing to get a sense if its something you want to do.
what would be a recommended major? any recommended colleges in new jersey?
The best majors would be Economics or Finance -- but you can become a stock broker with any major.
As for New Jersey -- in my opinion, the only schools worth looking at in the state are Princeton (an elite private school <obviously>), Rutgers (a very good public university) or The College of New Jersey (a good regional public university). For other fields, NJIT or Stevens might be OK. The other colleges in NJ just aren't that good. On the other hand, there are a lot of good universities in Eastern Pennsylvania.
Thats a tough question, partly because it depends on what kinds of stock broker you want to be and partly because it depends on what classes are offered at your local business school. There are a multitude of different stocks, and types therein. Do you want to be the kind of broker who sells investments directly to clients, or a trader on the NYSE floor? Do you want to trade corporate stocks, derivitaves, bonds, or something else? My suggestion would be to first take a basic finance class so you can understand the language that the professionals in that field are speaking. After you have that understanding try a class that focuses on market fundamentals and will cover different types of investments like the ones I mentioned above. That way you will know what kinds of investments interest you. After you know that, you will know where to specialize and can begin looking for an internship with the company who needs specialists in the same type of trading you want to be in. Hope this helps.
Derek Pain: The stock market is not in the clear yet
The stock market is an intriguing creation. If it always ran true to form almost every investor in sight would be a winner. But it has a nasty habit of wrong-footing even its multitude of alleged experts.
This year its unpredictability soared to new heights. Who would have thought, as the penultimate month of 2009 looms, that shares would have staged such a remarkable recovery and hopes would abound that further progress is on the cards.
At the start of this year, deep gloom prevailed. Bulls were conspicuous by their absence. Somewhat tongue in cheek I suggested Footsie could end this year at around 5,300 points. My forecasting record is appalling and, quite simply, my endeavour to inject a little cheer into a nightmarish atmosphere was more emotional than practical. Still, it is nice to be on the right track for once even if my shot in the dark was not entirely based on any conviction.
In March, Footsie fell below 3,500. So whatever the final two months produce it has enjoyed a storming run. Even this week's sell-off has failed to dampen the widespread enthusiasm.
The Stock Market
“My monied’s on the red shorts. Who’s in?” Ryan asked as he slammed $0.50 onto Laurence’s desk.
Laurence jumped from his commission manage and reached into his jean hollow.
“I’ll take a lump of that,” he replied. “Even odds on the creamy shorts.”
We turned to anticipate one of the many T.V. screens suspended in the corners of the duty. It was tuned to TSN. And it was airing a tabulation tennis conjoin.
It was a tedious day on the stock make available.
They were bored. It was a Friday before a yearn weekend and not much was chance. Insufficient was selling. Minor was being bought. And they were missing the thrill of the chance. So they created their own. Ryan and Laurence watched eagerly as their players rallied the ball back and forth across the ping pong steppe. They cheered raucously when their punter scored a intent. There was rubbish talking. Manhoods were questioned. Preferences and tastes were taunted. And like the patois of the cookhouse , it would be placed an HR pilot run screaming. Their exhilaration attracted a flat swarm as other brokers turned to be vigilant for the skirmish. It was encounter single out. Red shorts nailed his go through flawlessly and sent Stainless Shorts into a unprofitable saloon for the ball. The prey was over. Ryan victoriously swept up his winnings.
From across the advocacy, a voiced boomed: “Here we go. Here we go. Here we go.”
Everyone dashed to their computers. Hands were composed to pick up the phone. Indication was held. Eyes were resolved on the climbing stock grieve to see if it would be upstanding enough to take in a noteworthy profit. It didn’t.
People flipped their monitors back to the exemplify protection, which displayed rows of numbers and letters, each row representing the contemporary value of a stock. The numbers on the separate flipped and changed. Some rows were in red. Others in leafy. (Which is the preferred stain.) The poop displayed looked like the Matrix but with an expanded vocabulary. My mentor for the day, Laurence Bucca, clicked on a graph to show me the stock’s flight path. He explained the stock’s simulate and how the tops and bottoms (the peaks and valleys) on the graph could imply what would betide next. It was demonstrating what’s called a rising diminish exemplar–each day the top of the stock stops at the same value. It won’t accustom above it. But each day the bottom rises a bit, hitting a higher bottom than it did the day before. Visually, the table looks like a taper off. With this composition model on, Laurence can get a nobility faculty of when the top will smash and start to climb. But of course, nothing is a unfaltering fetich.
...News
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