| Let's say you need a broker, nothing special, just an | | | | to be able to handle your stocks. |
| average stock broker you can afford and who can | | | | Going back on the track, however, it might seem |
| help you get the grips of the trade. This will certainly | | | | that your average broker is not such a special person |
| happen if you are going in to the stock exchange | | | | after all. I mean, why be picky with people who |
| business and you have no clue how to trade initially. | | | | actually do nothing to become what they are? Well, |
| It might also happen when you become a pro. You | | | | preparing to become one might sound easy, but will |
| will still need someone to manipulate your stocks - | | | | he actually make it in the long run? Looking at the |
| you are not allowed to touch them yourself without | | | | workload of an average stock broker you can clearly |
| a license. We thought we might give you some tips, | | | | see that this job requires a strong passion for stocks |
| starting with who your average stock broker might | | | | and such: he will deal with them 8 to even 12 hours a |
| actually be. | | | | day, have meetings with his clients in his spare time |
| It seems that an average stock broker does not | | | | (discussing...guess what? Stock trading of course) and |
| really need any high academic studies. In the USA for | | | | probably dream the NASDAQ market while lying in |
| example, all your broker needs in order to get such a | | | | bed. So, if you were disregarding the average |
| job is to pass a Series 7 exam and, according to the | | | | stockbroker for having an easy-money job, think |
| state your average stock broker intends to work in, | | | | twice. He is actually a priest on the altar of money |
| maybe a series 65. The Series 7 is a 260-question | | | | and stocks, and a 24/7 one, too. (Only don't tell him |
| exam that checks his full awareness of the security | | | | that, he might increase your fee if he realizes it). |
| policies involved with the trade. No average stock | | | | Talking about money and how easy or hard they |
| broker can go sharing his clients' information, and if he | | | | come to your average stock broker, you might |
| has to do that for their own benefit, there are some | | | | wonder by now: "ok, but exactly how much does |
| rules to this action. This test mainly tests 250 | | | | this guy earn?" Well, from word of mouth, you might |
| aspects of your knowledge of the security rules. The | | | | find out that the 7 figures incomes most brokers |
| other 10 questions are placed in order to build new | | | | boast about online actually starts up with 12$ per |
| sets of valid questions for the future examinations. | | | | hour or 250-300$ in the first few months before you |
| However, your average stock broker might not be | | | | get your license. Even your average stock broker |
| able to take the test until he has been employed | | | | had to try hard to make amends in the beginning. He |
| with a brokerage company for 4 months. This | | | | needed a lot of work, passion and a bit of luck to |
| accounts for the experience required in order for him | | | | make it this far. |