Do you get excited when confronted with a risk? Do you want to make a living by exercising thrill every day? Would you like to supplement your income? Then, becoming a Stock Trader is something you can consider. This blog will walk you through 4 simple steps about how to become a Stock Trader, the relevant courses, and earning potential of the field.
Who is a Stock Trader?
A stock trader makes money by buying and selling stocks. A trader can invest in the commodities, futures, and forex markets. They can trade on behalf of a financial institution or as an individual trader if it is in their best interests.
Learn more: How To Become A Fund Manager- Detailed Guide
How to become a Stock Trader (4-step guide)
Step 1: Stream to select
If you want to be a Stock Trader, you can come from any background, but it is best to have a background in commerce to have the necessary finance knowledge at your disposal.
Step 2: Certification courses
These certifications can help you broaden your knowledge and boost your CV’s credibility.
- Certificate Course in Financial Modeling
- Financial Modeling & Valuation Analyst
- Algorithmic Trading & Computational Finance using Python & R
- Intraday Trading Strategies
- Certificate Course in Fundamental Analysis
- Certificate Course in Advance Technical Analysis
- Certification in Research, Trading, and Advisory
- Courses in Derivative Analysis
Step 3: Educational Requirements
Courses in India After 12th to become a Stock Trader
Consider the courses listed below to become a Stock Trader in India. The duration of the course is 3 years.
- BFM (Bachelor in Financial Market)
- BBA in Finance
- BA in Economics
- B.Sc in Risk Management and Insurance
- B.Sc in Actuarial Science
- B.Com in Financial Market
- Top Colleges to become Stock Traders in India
|Symbiosis College of Arts and Commerce||Pune|
|Lovely Professional University||Punjab|
Course Abroad After 12th to become a Stock Trader
You can approach the following courses below to become a Stock Trader abroad. The mentioned course lasts three to four years.
- BA in Financial Economics
- BS in Finance
- BS in Quantitative Finance and Risk Analytics
- BBA in Finance
- BS in Finance and Accounting Management
- BS in Financial Engineering
- Top Colleges to become Stock Traders Abroad
|New York University||US|
|University of Cambridge||UK|
|University of Texas||US|
|Massachusetts Institute of Technology||US|
|The University of Western Australia||Australia|
Also read: How to become a Crypto Specialist
Step 4: Job Preparation
You can gain the necessary exposure and experience as a Stock Trader by interning with a PMS Fund, Broking Company, or an expert stock trader. It will also help you build a strong network that will help you advance your career and build a position in the industry.
Before you can even be considered for a position as a Stock Trader, you must first gain experience as an individual trader and acquire the necessary skills and knowledge.
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- Portfolio Creation
To land a job as a Stock Trader, build a portfolio that includes all of your skills and certifications that show you are an expert in the field of Equity Trading. You can also manage a portfolio and share your work to create a strong CV.
7 Skills needed to become a Stock Trader
- Ability to identify trends and patterns
- Mathematical Aptitude
- Critical Thinking
- Risk Management
- Eye for detail
- Analytical Skills
Salary of a Stock Trader
Salary in India
The average salary of a Stock Trader is ₹3 lakhs in India. But you can increase your earning potential by setting up a PMS Fund or consultant.
If you want to gain business acumen for running your own business, you should consider JuniorMBA in Entrepreneurship.
Top Recruiters in India
- ICICI Prudential
- Unifi Capita
- Edelweiss Broking
- Green Lantern Capital’s Growth Fund
- SBI Bank
- Karvy Capital’s Excel Fund
- Estee Advisors’ I-Alpha Fund
- Motilal Oswal
- Aditya Birla Sunlife PMS
- Kotak PMS
Top Recruiters Abroad
- Fidelity Investments
- Charles Schwab
- TD Ameritrade
- Saxo Bank
- Interactive Brokers
- CMC Markets
- Zacks Trade
If you want to spend your day scanning the market for opportunities that can make or break your day’s earnings, this is the job for you. If you enjoy taking risks, this is one of the most exciting careers you can pursue because it allows you to trade for yourself. Best wishes on your path to becoming an expert trader.
FAQs related to how to become a Stock Trader
What do I need to study to become a stock trader?
You can do some online courses in fundamental and technical analysis or do a short term-courses in portfolio management.
How much does a trader make a day?
A trader’s earnings of the day vary depending on the market trend of the day top earner making around $125,500 a day.
Can I become a trader from home?
Yes, you can take up some online courses and start trading from home, and with experience, your earning potential will increase with time.
Is stock trading a good career?
Because the stock market is so volatile, the job entails dealing with high risk on a regular basis. However, you have the option of making it a full-time or part-time job.
Can you get rich off stocks?
Yes, you can become rich by investing in the stock market over a period of time but it highly involves taking the right and reliable decisions.
Can you live off stock trading?
Yes, you can opt for stock trading as a full-time career and make a living out of it.
Why is trading so difficult?
Trading is difficult because there are so many variables to take into account. Some of these include your own biases, as well as maintaining a balance of risk and return.