Learning about Stock and Capital Markets
It is essential to learn about selling and buying of stocks/shares, and to achieve this you have to work inside the market for sometime. It is also necessary to learn about some basic rules and regulations that govern the market and prevent different types of frauds or exploitation of investors. It is necessary to learn how the stock market works, and if you in the meantime also have some knowledge of capitals markets it is a great help. Otherwise, learning about stock markets is a must to work as a stock broker.
Although having a practical experience of the market and how it works is a great help to become a stock market broker, it is essential to have a proper business, finance or economics education. It is another way of getting into the market, as some security companies hire students in last year of their studies as interns to work with them. This is a way to get proper job and grow as a market broker in the longer run. Having graduation in business or related faculty helps a candidate to purse a career as a broker.
In some countries a stock broker has to sit a proper exam to apply for the license and in some your educational certificates are accepted with other requirements to grant you a license for working as a broker. A stock broker has to be employed in a brokerage house for an on-job training. Generally, the license granting agency or body is the Securities and Exchange Commission (SEC) and in some countries it is Financial Regulatory Agency or Authority that issue license to become a broker.
It is necessary that you continue to take classes and other training programmes to learn about new rules and trading methods etc. The regulatory aspect of the stock market trading changes at a faster pace than other aspects and it is essential for a broker to keep updated about the changing rules and regulations affecting the market. He/she should also have knowledge of macroeconomic activities of the country that affect the market regularly.