You are not going to succeed in the stock market by intuition alone. In fact, without the proper background knowledge and deeper understanding of how the market works, it is unlikely you will make much of a profit, if at all.
It is not just about learning the tips and tricks of the trade. Rather, if you want to be a professional trader, you need to obtain a license as well. That is where online stock trading courses come in. You can learn to trade online and gain all the information you need to pass your licensing exams with the help of an online trading school.
All stock brokers in the United States are required to become licensed. That means you will need to take and pass two exams: the Series 7 and the Series 63 examinations.
The Series 7 Exam: To successfully complete the Series 7, you must pass with a score of 70% or higher. The examination consists of 250 questions and must be finished within six hours. There are two sections, each three hours long with 125 questions, and there is a 30-minute break in between. The test covers:
- Investment securities
- Handling customer accounts
- Customer financial evaluation
In order to take the Series 7, you must be sponsored by a firm that is recognized by the FINRA or a self-regulatory organization (SRO). In order to schedule your exam, your sponsoring firm or organization must file the Uniform Application for Securities Industry Registration. It is unlikely that you will gain sponsorship without first being employed by a firm. In order to obtain a job, you will need to have specific qualifications and a certain level of education, which is why taking courses online can be so beneficial.
The Series 63 Exam: The Series 63 contains 65 questions, which must be completed in one hour and 15 minutes. You must pass with a score of 72% or higher. The Series 63 covers:
- Uniform state securities laws
- Ethical practices
- Fiduciary obligations
The tests are managed by the Financial Industry Regulatory Authority (FINRA) and are offered daily at testing centers in most cities.
When you learn to trade online through an online trading school you are setting yourself up for success in your future career. Nowhere else will you get the same level of support, flexibility, and quality of education.