Can you study part time to be stockbroker?

[FrankieK]

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.

Ja, I won't touch binary options with a ten foot pole. It's pure gambling and hope.

 

[Jehosefat]

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.

You left out Rho. And all of the greeks are based on the functional form that is assumed for the derivative price (in general Black-Scholes with a volatility surface)

 

[handyman007]

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.

Link to website?

 

[bchip]

Link to website?

https://saifm.co.za/registered-persons-examinations/

 

[handyman007]

https://saifm.co.za/registered-persons-examinations/

Thanks.

 

[soum]

Here is some book I have read, which is excellent. I recommend book:
The Intelligent Investor by Benjamin Graham
Stocks For The Long Run - Jeremy Siegel
Earn to Learn, One Up On Wall Street and Beating The Street all three by Peter Lynch

 

[Thor]

Here is some book I have read, which is excellent. I recommend book:
The Intelligent Investor by Benjamin Graham
Stocks For The Long Run - Jeremy Siegel
Earn to Learn, One Up On Wall Street and Beating The Street all three by Peter Lynch

One up on Wall Street is a good one.