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This question is about stock trader education.
What degree do you need to be a stock trader?
You need a bachelor's degree in finance or economics to be a stock trader. Most companies that hire stock traders have extensive training programs.
There are traders who get their start by helping other traders on a trading floor and by initiating trading accounts.
The licensing requirements for stock traders are enforced by the National Association of Securities Dealers (NASD) and the Securities and Exchange Commission (SEC).
Different licenses are required depending on job specifics, such as buying and selling stocks or working with customers. The most common licenses are Series 7 and Series 63.
In order to get either of these licenses, you must pass an exam. You will also need to be sponsored by a member firm of the NASD.
The Financial Industry Regulatory Authority's (FINRA) website has more information on licensing.
There are a few different types of stock trader jobs:
Day traders buy and sell stocks throughout the day in order to make a profit.
Swing traders buy and sell stocks over a period of days or weeks in order to profit from short-term price movements.
Long-term investors buy stocks with the intention of holding them for months or years.
There are also:
Brokerages: companies that act as middlemen between buyers and sellers of stocks.
Financial advisers: companies or individuals who help people invest their money in stocks and other assets.
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