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Should I quit job for trading?
The straight answer to this question is- YES, it is possible to make living trading stocks. We know a dozen of people who are making tons of money in their 20s by living in the well-fashioned flat in Mumbai and trading stocks. There is no entry barrier in this field. Anyone can enter and make living trading stocks.
What degree do you need to be a trader?
Traders were once more of a self-taught breed. Nowadays, a four-year college degree is a basic requirement—at least, if you want to work for a reputable financial institution or company. Most traders have degrees in math (especially accounting), finance, banking, economics or business.
What is the job description of a trader?
A trader is a financial services intermediary who buys and sells securities and other financial instruments in the capital markets (e.g., stock markets, commodity markets, and derivatives markets) on behalf of clients.
What is a typical day like for a stock market trader?
Typically are at their trading desks very early in the morning prior to the market open and don’t leave their desks until the markets close (but usually don’t work after the markets close and on weekends and holidays) Need to have a keen understanding and reading of markets and patterns.
What qualifications do you need to become a trader?
However, there are no formal academic requirements to qualify a trader. Most trading firms require their traders to hold the Financial Industry Regulatory Authority (FINRA) Series 7 and 63 licenses.
What are the different types of traders?
There are many types of traders, but some of the most common are flow traders, who use client funds, and agency traders, who act as intermediaries and place trades on behalf of clients. Other traders act as proprietary traders, engaging in trades on behalf of their firms, or take the other side of a trade when no buyer or seller is available.