Can you study part time to be stockbroker?

[handyman007]

I want to buy and sell shares in my free time (long term), but want to get a good understanding of shares. Is there a course I can do part time?

 

[marco79]

justonelap.com

Shaw Academy online course
http://www.shawacademy.com/trading/

I paid R10 through Big Daddy or GroupOn for this course.

 

[Creag]

Perhaps an idea instead of formal studies or the rhetoric of the justonelap dot com clan would be exploring the offerings of existing Online Share Traders. There are some who offer education as a part of their monthly fee.

In no way am I punting Standard Bank, but they offer a range of courses and training sessions that you can attend. Some are free and others are a nominal payment for the more technical training courses. They also regularly host webinars, all of which are available after the fact for download at your own time and need. Webinars are free and cover a range of topics or themes. There are also a number of these which are arranged at short notice to discuss a particular issue (such as economic or political) or share that is tanking or performing well. Share traders (not only of Standard Bank) give their insight and observations. All of these are exceptionally useful to understand what's going on and formulate your own understanding, interpretation and style.

It's worth considering these as an alternative.

 

[Thor]

Yes you can.

Get yourself Ross Larter's book

 

[FrankieK]

I want to buy and sell shares in my free time (long term), but want to get a good understanding of shares. Is there a course I can do part time?

No. The best way is to watch the stock market for hundreds of hours and get to know it's intricacies. If you are focused on the long term then there is nothing to understand. Buy it, hold it, buy more, hold it too.

I have a very good understanding of how stock options are priced and how they move according to the underlying. And I sh** you not, it took me two years of staring at it to figure it out.

 

[Thor]

I want to buy and sell shares in my free time (long term), but want to get a good understanding of shares. Is there a course I can do part time?

https://mybroadband.co.za/vb/showth...elp-Shares?p=19270810&viewfull=1#post19270810

 

[handyman007]

Thanks guys.

 

[saturnz]

just as a side note

traders don't limit themselves to just stocks or financial assets, they basically seek out value in anything they can profit from

this is in essence what it boils down to, you look at the price, you look at the value, and you decide if its worth your while to try to profit from any difference that may arise.

in other words you should be studying a course that can identity the value of assets, the actual mechanics of trading assets (being a stock broker) is relatively immaterial to profiting from trading

 

[stoymigo]

Yes you can.

Get yourself Ross Larter's book

What is the title of the book?

 

[stoymigo]

I assume it's How to Make Money on the Stock Exchange

 

[Thor]

What is the title of the book?

 

[cguy]

I want to buy and sell shares in my free time (long term), but want to get a good understanding of shares. Is there a course I can do part time?

If you're mathematically inclined you may want to google for books on quantitative finance.

 

[stoymigo]

Thanks for confirming.

 

[cguy]

I have a very good understanding of how stock options are priced and how they move according to the underlying. And I sh** you not, it took me two years of staring at it to figure it out.

Have you ever read up on Black-Scholes, and methods to solve it? (monte-carlo, binomial trees, etc.)? It provides some interesting intuition (e.g., seeing it as a diffusion process).

 

[Thor]

Thanks for confirming.

Pleasure

 

[FrankieK]

Have you ever read up on Black-Scholes, and methods to solve it? (monte-carlo, binomial trees, etc.)? It provides some interesting intuition (e.g., seeing it as a diffusion process).

I have and it gave me headache.

I find it easiest to have the Greeks (Delta, Theta, Gamma, Vega), IV and open interest displayed. Needless to say the option price is still influenced by the underlying which we can't predict. Then you have those instances where IV spikes so much that the everything is turned upside down. During the opening minutes of the August 2015 flash crash I saw some call options actually increase in value despite the underlying crashing 5 or 10%. Now no amount of knowledge can predict that type of move.

As an aside, my strategy is to only buy in-the-money options and to only write out-the-money options (covered of course).

Edit: I find options a fascinating instrument but sometimes it gets tarnished with the brush of binary options. And I don't mean binary options are trash.

 

[Swa]

I assume by your post you mean trading stock in general and not actually being a broker. The best thing to really study is the market. If you mean being an actual broker there's an exam for that which cost just over R1k the last time I checked.

 

[bchip]

Edit: I find options a fascinating instrument but sometimes it gets tarnished with the brush of binary options.
And I don't mean binary options are trash.

Last time I spoke to a broker it seemed 95% - 100% of binary options lost all their money within 1 month
I would just be very careful with them.

 

[Pho3nix]

Last time I spoke to a broker it seemed 95% - 100% of binary options lost all their money within 1 month
I would just be very careful with them.

More gambling than trading but depends on your methods I guess.

 

[bchip]

More gambling than trading but depends on your methods I guess.

Personally Im not a fan because I remember someone going through the details (think Garth M?)
cant remember it all but I remember the crux was that the edge is EXTREMELY against you.

It was similar to a roulette table that its not just Black or Red, there's a couple of possibilities that could land on the 00 as well.
At best you had a 30-40% chance of winning (so the edge is against you - which makes it more of a gamble).

There was something else to it as well, like High gearing...but cant really remember