New to this site..Heard a lot about the popularity of this sajha land..got some querries... So, I just thought of dropping a question in this Nepalese homely Discussion arena..
I am just like one of those Nepalese students who lands in this so called "Great Land of Opportunites" with a dream to do something different, do better financially.. I am done with my second semester, and want to persue a career as a Stock Broker..Now, I am in total dilemma. I don't know how should I initiate.... and what other things I have to do beside just taking the regular classes in the college...I also heard abt Fake Portfolio..How significant is that in making one really accurate in predicting about the rise and fall of stocks values in the real market... I have a lots of questions running through my mind these days....Just need some good guidance.. Sajha regular posters!! Can You Guys Please Help Me???

I agree with Emini on this, I am currently working in the industry. Dream chasing as a career as a stock broker was in the past.
Stock brokers made money when the trading used to take  place over the telephone. Stock brokers had lot of wiggle room. It is not the case anymore.
Try related careers in derivatives, forex or get into a cfa program. Last edited: 07-Aug-07 03:49 PM

On technical and fundamental analysis. You will need both to be a trader. To be an analyst you will need one of them atleast. Most people who write about trading are analysts. They are analysts because they could never actually trade. The pay gap is huge to explain that.
E.g

Fundamental, dollar is going down , everybody knows.

Technical, will  be your guide to how much, where are the points to get in, get out, basically Support, resistance and retracements. You need to know these else i don't see how you can trade just with fundamental.
So depends what you want to do. If you want to be an analyst you could easily do without technical. You are just saying which way it will go. it won't hurt either ways. Last edited: 07-Aug-07 04:02 PM

Thank You DUke..
So whats the difference between a trader and a broker.. don't theydo the same thing:buying and selling?? And I think its better to go with trader than an analyst, if I just wanna be filthy rich.. right?? ummm!! Sounds pretty interesting.. Just have to get more insight into it in coming days.. I think that will help me.. anyway! Thanks Duke bro..

Stock broker - solcits shares from clients and makes money based on volume of trades. Those jobs are still out there. But margins have been slashed so much it is not worth it. It is too much hussle.

Trader- Trades for inhouse account or his her own account.This makes you money if you are good.

If you are looking for a career in this area. Then it is called sales and trading programs. If you go to top B- schools they have programs designed for this. It might be very tough to get in.

Else get a bachelors degree , enter a brokerage house in a top 5 bank and then sky is the limit.It will take couple of years to get there but you will get there.

Try futuresmag.com, forex.com to know what it actually is.