Your guide to make Stock broking a CAREER in India

Stock Broking in IndiaThe domain of capital market, when observed carefully, displays a vast network of scopes. The articles you often come across are targeted for the traders in the stock market. Most people are attracted by the liquidity of the stock market and thus prefer to be a trader. But traders are not the sole participant of a stock market. A close look will reveal the true expanse of this market. For those who have flair for stock market, stock broking is the best option. Investing on financial products on behalf of corporate and private clients entails a blend of good effort, specific personality traits and relevant educational backing. It is worth noting that stock broking profession is befitting only for those individuals, who are decisive and have a natural inclination to take risks. Stock broker has a variety of services to choose from. There are broadly three types of services, namely, Discretionary, Advisory and Executional. Discretionary services include managing the client’s investments. These types of brokers have the right to take investment decisions without consulting the respective client. Advisory, as the name suggests, involves offering of advice and options to the client. And it up to the will of the client, to follow the advice. Lastly, the executional service is simply buying and selling of shares as per the client’s choice. The pressure involved in performing these tasks, mandates the following technical skills and personality traits to be acquired by the broker. Personality traits:• Ability to work in a hectic in a hectic, pressured, constantly changing environment Maturity and confidence when dealing with people Making important decisions quickly Technical skills: • Excellent mathematical and analytical skills.• Basic computer skills• Aptitude for research and financial writing. Apart from the aforementioned skills and traits there are certain courses, exclusively for brokers are found to be useful. In India the courses for stock broking available are: • Post-graduate membership course in capital market and financial services • One-year Post-Graduate Diploma in fundamentals of capital market development. • Certificate Courses • Chartered Financial Analyst Equity Research Here is a brief directory of the Institutes imparting courses for brokers. • Bombay Stock Exchange's BSE Training Institute, Mumbai • Institute of Company Secretaries of India, New Delhi • Institute of Chartered Financial Analysts of India (ICFAI) Before taking the leap as a broker, it is advisable to observe the market and the broking services keenly. This can be done by gaining experience as a sub-broker; the previous stage of being a broker. A sub-broker needs to have passed the XIIth standard to be eligible for his job. Knowing the broking industry as a sub-broker is a recommendation by all the exponents of financial market. An aspiring broker must be finicky in choosing the broking house with which he will register himself. The broking house plays a pivotal role in shaping the skills of a sub-broker. The skills gained during the course of the sub-broking subsequently impacts the individual’s professional when he becomes a broker. Angel, a noted name in the Indian broking industry, holds a vast base of sub-brokers. With a nation-wide presence, Angel is capable of providing a seamless training program for all its sub-brokers. There company has also planned to launch extensive training programs for the sub-broker shortly. These programs will conducted by the veterans of the industry to render more extensive knowledge. In spite of all such supports for an aspiring broker, consistency is indispensable necessary to make broking as a career. One might face a series of failures in the beginning, but all it takes to be successful is the patience to stick to it and learn from the failures.