The Securities Industry in the United States is a very big industry. Yearly revenues from this field are approximately 300 billion dollars. It also employs almost 75,000 people, and a big portion of these people belong to the Stock broker segment.With the above figures, it is safe to assume that being a broker can be very challenging. You have to compete with a lot of competitors, plus you can be involved in a job that can give you a lot of stress. Hence, they may very well deserve the compensation they are getting as the road to becoming a certified broker is difficult starting from the training days to finally getting that license.Being a professional is really lucrative as based on studies, an average professional broker can earn about 200,000 dollars a year.
Following a career path in stock brokerage may be very challenging especially that the industry suffered some controversies and bad publicity during the past 20 years concerning the nature of the work of a broker, still this job continues to be very crucial in the everyday transactions of different investments.
A stock broker's main role is to buy and sell stocks. He can also do transactions in relation to bonds, futures, mutual bonds and other investments. Because of their experience and expertise, they are usually the ones consulted by their clients about whether to buy or sell stocks and otherinvestment moves. Due to the nature of work many of them are also termed "Investment Counselors" or "Financial Advisors".
Again, being a successful broker in stocks is not that easy, it takes years to fully understand how the system works, you need to undergo continuous training, plus you have to have a large network of potential clients whom you could give your financial advice.
As has been said, being a broker also needs a lot of time devoted to training. For starters, especially for those who are not familiar with the financial and investment industry, going into a training is a must. Here, most of the terms and procedures of broking are taught. Most of the training schools offer their services to people with 2 to 4 years college education.
It is best to go to a training school if you want to be a broker in stock, especially if you are coming from a different line of work. In most States, stock brokers are regulated and are required to pass State exams and licensing. This is where training comes very handy, for it will prepare you to be knowledgeable about the basics in terms, policies and systems of being a stock broker.
Hours of learning from a training program may differ. Some schools offer crash courses that can take only 20 hours to finish while some more established stock broker training facilities can offer months of training plus other advanced and continuous learning courses.
Many training modules may include some of the following topics:
€ Investment Topics (Reasons why and why not to invest)
€ Possible outcomes of investing ( Gains and Risks of investing)
€ Interest Subjects
€ Definition of terms such as Debt, Equity, Investments, and others
€ Stock Market outlook
€ Looking for clients and companies to work for
€ Analyzing Stock patterns, trends and psychology
€ Other Investment and stock topics
Do not be complacent once you have your license, remember that to get ahead in the industry you have to undergo continuous training and if it's possible, try to find an experience successful broker who is willing to mentor you.
Following a career path in stock brokerage may be very challenging especially that the industry suffered some controversies and bad publicity during the past 20 years concerning the nature of the work of a broker, still this job continues to be very crucial in the everyday transactions of different investments.
A stock broker's main role is to buy and sell stocks. He can also do transactions in relation to bonds, futures, mutual bonds and other investments. Because of their experience and expertise, they are usually the ones consulted by their clients about whether to buy or sell stocks and otherinvestment moves. Due to the nature of work many of them are also termed "Investment Counselors" or "Financial Advisors".
Again, being a successful broker in stocks is not that easy, it takes years to fully understand how the system works, you need to undergo continuous training, plus you have to have a large network of potential clients whom you could give your financial advice.
As has been said, being a broker also needs a lot of time devoted to training. For starters, especially for those who are not familiar with the financial and investment industry, going into a training is a must. Here, most of the terms and procedures of broking are taught. Most of the training schools offer their services to people with 2 to 4 years college education.
It is best to go to a training school if you want to be a broker in stock, especially if you are coming from a different line of work. In most States, stock brokers are regulated and are required to pass State exams and licensing. This is where training comes very handy, for it will prepare you to be knowledgeable about the basics in terms, policies and systems of being a stock broker.
Hours of learning from a training program may differ. Some schools offer crash courses that can take only 20 hours to finish while some more established stock broker training facilities can offer months of training plus other advanced and continuous learning courses.
Many training modules may include some of the following topics:
€ Investment Topics (Reasons why and why not to invest)
€ Possible outcomes of investing ( Gains and Risks of investing)
€ Interest Subjects
€ Definition of terms such as Debt, Equity, Investments, and others
€ Stock Market outlook
€ Looking for clients and companies to work for
€ Analyzing Stock patterns, trends and psychology
€ Other Investment and stock topics
Do not be complacent once you have your license, remember that to get ahead in the industry you have to undergo continuous training and if it's possible, try to find an experience successful broker who is willing to mentor you.
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