Sage-Tips

How to become a stock trader?

Earn a degree. Earning a degree in a field such as finance or accounting can give you valuable skills to use within the stock trading field.

Complete an internship. If you are in college and want to become a stock trader,you should consider participating in an internship.

Decide what you want to do. There are many different jobs within the stock trading field and there are different training and licenses based on what you want to

Take the appropriate exams for your path. There are certain license and exam requirements you will need to fulfill before becoming a stock trader.

Create a resume. Create a great resume that will get you noticed when you apply for positions.

Search for open positions. Start your career search on online job boards. Most allow you to refine your search by city and state.

Prepare for your interview. When a potential employer feels your skills and experience match what they’re looking for,they will contact you for an interview.

Gain additional experience and licenses as a stock trader. Remember to take advantage of lifelong learning opportunities to maximize your growth potential.

Is day trading considered self-employed?

It’s money that you make on the job. But even if day trading is your only occupation, your earnings are not considered to be earned income. This means that day traders, whether classified for tax purposes as investors or traders, don’t have to pay the self-employment tax on their trading income.

Is day trading considered a job?

Day trading is by many considered more a hobby than a job. However, it depends on who you ask. Day traders still will have to pay taxes, and it is a viable way of making a living for those few that learn to master it well. Many people have a perception that day trading is not a viable full-time career option.

What is the job of a stock trader?

The basic job of a stock trader is to facilitate the sale of not only stocks but also bonds, commodities, securities and mutual funds. Stock traders, also called stockbrokers , conduct trades between buyers and sellers and often advise clients on the desirability of different equities and commodities.