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Hi,
A stock broker is a registered professional who buys and sells stocks or shares in the secondary market on behalf of their clients or investors.
Stock broker needs to be a financial expert who is aware of the market conditions that control the stock price. Brokers should also have excellent judgment and foresight to offer the right advice to clients based on their financial needs and their ability to bear risk. In return for their services, brokers are paid a commission called brokerage that is based on each transaction or the total trade value.
1. Take a course in stock brokering from either National Stock Exchange or Bombay Stock Exchange
2. Work at a stock brokering firm and gain a minimum of two years' work experience.
3. Determine what type of services you want to offer as a stock broker ranging from stocks, bonds, derivatives, insurance, etc.
4. Ensure that you have adequate infrastructure and finances to register and operate as a stock broker.
5. Register as a stock broker with SEBI.
6. Become a member of a stock exchange.
7. Market your services as a stock broker to attract clients. Word-of-mouth publicity and customer referrals are usually the best ways to get more business as a stock broker.
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