In India, the job and salary are limited for monthly income. Private job bonds to get a fixed amount. Therefore, this is one of the reasons why most people switch to choose stock trading and earn a good amount in the stock market.
But starting with a little bit of knowledge will not help you to fulfill your goal. A shortage of trained traders in the financial market has offered the need for professional traders in various verticals ranging from stock traders to venture capital analysts.
In India, the financial market is in a growth phase, and there is a need for trained professionals, the industry is lacking for brilliant traders and young minds, also the requirement of talent traders increases than what it has. The traders nowadays do not have a specialization or proper understanding of the capital market and this gap needs to be filled.
How the stock market improves the opportunity in the stock market?
The stock market has opened its wings and growing everything resulting in creating hug opportunities for employment. This is the trading system which brings enormous opportunity and people from all the background including science, commerce or humanities are showing a lot of interest in pursuing their career in the stock market.
The career in the stock market could start from entry-level positions like equity advisory or relationship manager to set up an entrepreneurial venture through offering services like registered investment advisors, market intermediaries, useful platforms that provide key information for market participants, etc.
Youngsters refrain themselves from any investing decisions:
In, India many the youngsters hold back themselves from any investing decision until their financial situation become, at least theoretically, more stable and therefore, the very low population is exposed to the equity investment compared to other developing countries and we see immense opportunities lying out there in the stock market considering the phenomenal growth in last decade or so.
Many of us think that the stock market is only meant for people with finance or business background. But this Is not all, we must not stop ourselves from entering into the exciting world of the stock market as we have no financial degree.
As per nowadays, most of the financial companies hire individuals who are not from any of the trading backgrounds, and in this era of technology new-age finances are looking for the skills and the aptitude of the applicants rather than the qualification or degree. Therefore having or not having any financial degree is just the starting point while entering into stock trading.
To become a stock trader is one of the good starts towards a career if you are well versed with the complete stock market ecosystem and proper trad positioning. There is a good example of prominent traders who quit their full-time jobs and pursued trading successfully.
What is the qualification required for the stock market?
Holing any of the degrees with short term certification in stock trading allows exploring different avenues.
There are many stock market training institutes and training centers to offer trading concepts apart with courses like NISM/NCFM/STOCKPRO are nationally recognized certification mandatory for various professionals in the capital market in India. Anyone interested to know the fundamental of companies and want to become a stock trader can go for the pocket-friendly courses.
While choosing the courses you can have different derivatives, investment advice, risk management, and other wide-ranging knowledge. If you are having certification before entering the stock market industry you have good chances of and better prospects in the stock market.
Also, the degree of MBA in finance or capital markets is generic and essentially a study in financial markets, corporate finance, and portfolio managem3nt. This will act as a better on the cake which helps in charting a rewarding career path in the world of stocks and investments. Also, the MBA is not particularly useful as it touches upon the surface and does not have enough depth that is required to pursue a career.
Can you become an analyst?
If you are planning to become an analyst, you apply for reputed charter financial courses including CFA or CA, where CFA is considered as a gold standard for the investment industry and charter holders enjoy a mark of distinction throughout the world.
It provides a deep and fundamental understanding to be able to analyze companies and practical skills related to investment decision-making. Whereas, niche courses like CMT, FRM for those who are more inclined towards trading, technical analysis, risk management, and quantitative finance.
To be successful in the stock market, an applicant should focus on enhancing his/her skills and practice and grab knowledge which helps to build a dream career life than chasing over degrees.