How to become a Stock Broker

How to become a Stock Broker Have you got a good head for figures? Do you dream of working in the world of finance a la Gordon Gekko (but without the villainy)? Then you could become a Stockbroker.Have you got a good head for figures? Do you dream of working in the world of finance a la Gordon Gekko (but without the villainy)? Then you could become a Stockbroker.Your job would be to buy and sell financial products like stocks and shares in order to get the best rewards for clients, whether theyre individual people or huge corporations.There are three different types of Stockbroker: discretionary (managing investments and making decisions for clients); advisory (providing tips); and execution only (not providing advice but carrying out clients requests to buy and sell).As a Stockbroker, your typical responsibilities are likely to include:Keeping up to date with financial marketsResearching potential strategies for clientsRegularly reviewing strategies to ensure maximum returnsLiaising with investment analysts to find out more about potential marketsPassing on instructions to traders about market pricesIs it right for me?To be a good Stockbroker, youd better not be a wallflower. You need to be confident and great at dealing with all kinds of people from companies of varying sizes.However, thats not to say you need to be arrogant unlike their portrayal in the media, Stockbrokers must be honest and trustworthy, working with clients best interests at heart.Other key skills include:Calmness under even extreme pressureAn ability to understand sometimes complex financial data and explain it to clientsBeing able to make snap decisionsBeing able to make snap decisionsDetermination to succeedBeing able to spot which risks are worth takingWhat's it really like? Some people didn't understand why I wanted to become a Stockbroker, but I find it really exciting - every day presents fresh challenges. It's not just buying and selling either; I have to complete lots of reading and find the research aspect f ascinating. It's also hard to beat the buzz you get from making a client a lot of money. OK, so it can be stressful and demanding. But as long as you love it, you should enjoy it for years to come. And it must be said that the money's not bad either. Get qualifiedMost employers will prefer you to have a degree, however, an industry-specific qualification such as Forex Trading or the How to Trade Stock Options Course  could also help you to get started. Experience in a similar financial capacity could also work as an entry-level requirement.