Answers
The best futures broker on the net! Lowest margins for S&P emini futures, most reputable, high capital levels, best trading platform.
finance and economics of course
Is there a special requirement you need to have to become a stock broker? Can someone please tell me what I have to do in order to become a stock broker?
In the US - You need to be an employee of a Broker/Dealer so they can sponsor you in order to become a licensed stock broker.
Firms usually want college graduates, but it is not really necessary nor really a requirement but many firms like it and make it their requirement.
Bank broker/dealers usually want all the sales reps to be college graduates.
Your college major is not important, (No courses in the Academic world prepares you to be a broker). But since your coming into the world of Finance, some of the more helpful majors would be Finance, Accounting, Economics or Statistics,
You should be good at math and have a decent idea about the stock market.
You should be good at selling, and it would help if you have an outgoing personality.
So if you‘re good at sales, or have a good sales background in place of a college degree, you’re part way there.
Try to get with any major brokerage firm they will put you through an in-house training program, which is primarily getting you ready to take the necessary test for licenses. You will need a Series 7 which is a General Securities Brokers test, and a Series 6 which is just for state approvals.
Most brokerage firms, except bank B/Ds, will put you on salary and once you have passed the test, they will slowly take you off salary and put you on commission basis pay out. Banks will usually keep you on salary.
If you have your choice, you’re always better going to work for a regular B/D rather than a bank - You will learn, faster, better and the proper way of how the industry works. As a broker for a B/D you can always find another B/D that will hire you or at the worse, you can always work for a bank.
But if you’re Bank B/D trained and licensed, it’s very difficult to go work for a regular B/D
Good luck, go try it, you may like it but re-consider the tattoo
1)Is there a base pay to cover the basic daily living expenses? How much do they pay per house besides the commission?
2)Is there any upside potential being a stock broker? As in I'm trying to obtain a finance degree during the mean time, while I'm here do you think it's possible I can move on to other prestigious finance field such as Investment banking, proprietary trading etc after getting my finance degree?
I guess in simple terms, is stock broker a dead end job?
I want to trade both stocks options and future options at the lowest online price using one account.
http://individuals.interactivebrokers.co m/en/main.php
not sure if they are the best but they do it, you will need to look at your goals to see who is the best for you.
Even Dodger playoff tickets can't beat recession
Dodger Blue has taken on new meaning for many fans.
Even with the World Series just four wins away, tough economic times have put a damper on ticket purchases for the National League championship series that kicked off Thursday.
Brokers said the sell-out crowd for the opening game between the Dodgers and the Phillies didn't tell the full story.
The markup on ticket prices isn't nearly as high as it would have been in better times, and some die-hard fans even got the cheapest tickets for less than their $51 face-value price, say brokers who note that sales revenue is down about 20 percent.
"For the Dodgers and Phillies, tickets are going for from $20 up to around $400," said Barry Ruden of Calabasas-based Barry's Tickets. "In a good economy, they would have been selling from $75 to $750."
At Dodger Stadium on Thursday, longtime fans Eric Lindbom and his wife, Gabrielle Allabashi, a talent agent in Valley Village, showed up for the game to take their minds off some recent
bubbleinfo.com » Blog Archive » Future of Loan Brokers
From Paul M., at NMN:
The concern of brokering residential loans has enjoyed a A-OK run — about 25 years by most measurements — but now there are increasing signs that not only are these third-fete salesman fa a bitter future, but that they have no future at all.
Recently, David Olson of Wholesale Access made headlines in the bustle force when he predicted that by yearend there would be precisely 15,000 brokerage firms in quiddity. Mr. Olson, who has made a facts living the history two decades studying brokers, cites a tally of reasons: restrictions on abandon-spread sparse payments, new public registration requirements and licensing costs, and a overall paucity of interest on the largest uneaten wholesalers in growing their broker channels. (A few mortgage surety firms have said they either won’t endure broker loans or put bans on condominium mortgages sourced through them.)
“Pursuit?” asked Mr. Olson. “They don’t like brokers and are out that path. Bank of America and Wells are seeing their TPO (third-celebration origination) volumes succeeding down, down, down.” He added, “Everyone is chirography brokers off.”
Three years ago there were 54,000 brokerage firms in essence, which means if Mr. Olson’s suggestion comes truthfully, the tor-to-trough ebb translates into 72% of the vigour contemporary bust over three years, not a tolerably perfect. Keep in be troubled, though, that many brokerage firms are negligible “mom and pops” that employed less than five people. Some were particular hotel-keeper operations.
Every month or so Wholesale Access would discover from 1,000 brokers, picking their brains about the asseverate of the trade in and reselling that scrutiny to some of the largest wholesalers, as well as Fannie Mae and Freddie Mac. But today, Mr. Olson says he’s talking to upstanding a bother of brokers each month and many are “looking for something to do.” Some he said are selling car bond on the side or doing diminution mitigation calling.
...News
Even Dodger playoff tickets can't beat recessionLos Angeles Daily News - Oct 16, 2009
Even Dodger playoff tickets can't beat recession"Two years ago, I have had box seats," said Bradford, a mortgage broker. "Now, with the future so uncertain, I just can't in good conscience justify and more »Reuters - Oct 16, 2009
Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's and more »Reuters - Oct 16, 2009
This year's contest winners are as diverse as previous years, with a Wall Street stock broker, a journalist from Washington, a professional gardener from and more »Wall Street Journal - Oct 12, 2009
"Gold is just reacting to the dollar right now," said Michael Gross, broker and futures analyst with OptionSellers.com. The metal often moves inversely to and more »Bloomberg - Oct 16, 2009
McDonald's Offers Potato Burger With Fries, No Onions in IndiaOct. 16 () -- McDonald's Corp. is staking its future in India on burgers made from mashed potatoes, peas and spices. and more »